Russia is now exposed to a historic debt default: Here’s what happens next

Russia is now exposed to a historic debt default: Here’s what happens next 0
- Business
- May 25, 2022
Russian President Vladimir Putin attends the Collective Security Treaty Organization (CSTO) summit at the Kremlin in Moscow, Russia May 16, 2022. Sergei Guneev | Sputnik | via Reuters The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into
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Force a ‘last resort’ for China on Taiwan reunification, former PLA official says 0
- Business
- May 25, 2022
BEIJING — The central Chinese government in Beijing would only use force as the “last resort” for Taiwan reunification, said a retired officer of the People’s Liberation Army. “The Chinese PLA is getting stronger and stronger, and we have geographical proximity,” said Zhou Bo, now a senior fellow at Tsinghua University’s Center for International Strategy
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Asia stocks rise; New Zealand central bank hikes rates by 50 basis points again 0
- Business
- May 24, 2022
SINGAPORE — Shares in Asia-Pacific nudged higher in Wednesday morning trade, with New Zealand’s central bank announcing yet another 50 basis point rate hike. Hong Kong’s Hang Seng index advanced 0.64%, while the Shanghai Composite in mainland China edged about 0.6% higher and the Shenzhen Component gained 0.207%. The Nikkei 225 in Japan sat fractionally
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Snap, Abercrombie & Fitch, Roblox and more 0

May 24, 2022

A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after

Snowflake is cheap at these levels and can go up 84%, Rosenblatt Securities says 0

Business

May 24, 2022

It’s time to jump in and buy Snowflake after the cloud computing company’s 59% drop this year, according to Rosenblatt Securities. Analyst Blair Abernethy upgraded shares of Snowflake to buy from neutral, saying ahead of the company’s quarterly earnings report this week that the stock is cheap at current valuations — even after the analyst

Crypto firms take over main street in Davos, even after market crash 0

Business

May 24, 2022

DAVOS, Switzerland — Crypto-related technology companies are out in force at the annual World Economic Forum in Davos, even after a recent market crash that has wiped off billions of dollars of value from the digital currency market. The Promenade, a main strip where companies and governments take over shops and bars during the week

Markets