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Market News
September 20, 2021
Bitcoin Slides to $45,000 as Traders Pare Back on Risk
Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets.
September 20, 2021
Energy Firm Green Warns It May Not Survive Winter: Power Update
U.K. energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push small unhedged suppliers...
September 20, 2021
Power Price Spike Forces Romanian Utility to Halve Profit Plan
The recent surge in power prices prompted Transelectrica, Romania’s state-owned power grid operator, to cut in half its profit estimate for this...
September 20, 2021
Thailand to Raise Public Debt Cap to 70% to Fund Covid Recovery
Thailand will raise its public debt ceiling to accommodate higher borrowing and spending to help support the economic recovery from the pandemic.
September 20, 2021
Merck to Spend $3.5 Billion on Electronics Unit Amid Chip Crunch
Merck KGaA plans to invest more than 3 billion euros ($3.5 billion) through 2025 in its electronics business to capitalize on rising demand for...
September 20, 2021
Chinese Property Developer Sinic Halts Trading After Sinking 87%
Sinic Holdings Group Co. has halted trading after an 87% slump in its shares Monday afternoon.
September 20, 2021
Kenyan High Court Rules Minimum Tax Is Unconstitutional
Kenya’s High Court shot down a plan to levy a minimum tax of 1% on total sales, saying it was unconstitutional.
September 20, 2021
Morocco Central Bank to Buy Back Surplus FX From Local Lenders
Morocco’s central bank said it would begin buying back extra foreign currency held by local banks starting Monday, in a move aimed at absorbing...
September 20, 2021
Shooting at Russia’s Perm University Kills Five, Injures Six
A shooting at the Perm State University in Russia killed five and wounded at least six, according to the country’s Investigative Committee.
September 20, 2021