Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches.…
Trump and Republicans heightened criticism of the U.S. justice system after the former president became the first to be convicted of a felony, exacerbating a political atmosphere in which Americans increasingly distrust democratic institutions. https://www.wsj.com/politics/elections/republicans-call-judicial-system-weaponized-after-trump-conviction-2c876bdb
Nobel laureate in economics Paul Krugman, professor of City University of New York, discusses China’s growth outlook and the government’s policies. He speaks on “Bloomberg: The Asia Trade.” (Excerpt of the full interview) (Source: Bloomberg) from Bloomberg Markets https://ift.tt/SaeFQEG
Skydance Media’s revised offer to buy National Amusements and merge with Paramount Global gives the entertainment conglomerate’s nonvoting shareholders an option to cash out at a premium, according to people familiar with the matter. https://www.wsj.com/business/deals/revised-skydance-offer-gives-paramount-shareholders-opportunity-to-cash-out-at-15-a-share-3c2a16b1
Australia has ordered Chinese-linked Yuxiao Fund and its associates to sell their stakes in rare earths miner Northern Minerals Ltd., part of an effort by US allies to counter the Asian nation’s dominance of critical minerals. from Bloomberg Markets https://ift.tt/xaTjEUZ
Corrections & Amplifications https://www.wsj.com/articles/corrections-amplifications-2ed27a50
Australia has ordered Chinese-linked Yuxiao Fund and its associates to sell their stakes in rare earths miner Northern Minerals Ltd., part of an effort by US allies to counter the Asian nation’s dominance of critical minerals. from Bloomberg Politics https://ift.tt/xaTjEUZ
One in fifteen European companies are facing significant pressure to restructure this year after being hit by higher financing costs and weakening consumer demand, with Germany, Austria and the Nordics particularly under strain, according to a report by Boston Consulting Group. from Bloomberg Markets https://ift.tt/yLg0Pnq
Goldman recommended that investors consider a specific strategy when trading European markets given the “scope for near-term volatility in equities.” https://www.cnbc.com/2024/06/03/goldman-names-two-conviction-list-stocks-to-play-now.html
From London to New York, investors are wagering that South Korean banks will remain star performers thanks to the government’s corporate-reform push. from Bloomberg Markets https://ift.tt/lYwAHpc