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Market News
March 15, 2021
Tencent Loses $62 Billion, Wiping Out Value of Fintech Business
Tencent Holdings Ltd. shares fell a second day on concern regulators are now turning their sights to Pony Ma’s business empire, fueling a $62...
March 15, 2021
Battered Chinese Investors Sell Engagement Ring, Grandpa’s Watch
China’s slew of retail investors that piled into mutual funds in the past year are now offloading prized heirlooms as they cope with losses they...
March 15, 2021
A $25 Billion Fund Manager Says Market is Wrong on RBI-Hike Bets
The growing market wagers about the most aggressive interest-rate tightening in India of any nation in Asia are wrong, according to Aditya Birla Sun...
March 15, 2021
Global Baby Drought, China’s Sound Recovery, Rate Plans: Eco Day
Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day and week:
March 15, 2021
Pemex CEO Touts Discovery of Possible Billion-Barrel Field
Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking...
March 15, 2021
Roche Agrees to Buy Covid Test Maker GenMark for $1.8 Billion
Roche Holding AG agreed to buy GenMark Diagnostics Inc. for about $1.8 billion to add a provider of tests for infectious diseases including Covid-19.
March 15, 2021
Philippines Sees Limited Economic Impact From Virus Surge
The Philippines’ renewed surge in coronavirus infections will have limited impact on the economy as authorities impose localized lockdowns and as...
March 15, 2021
Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan
President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to...
March 15, 2021
Republicans Head to Border to Press Biden on Child Migrant Surge
Republican members of Congress are trooping to the U.S.-Mexico border to put a spotlight on a surge of migrants at the frontier that they say is the...
March 15, 2021