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(Bloomberg) — After launching the biggest boom in renewable power in history, China is now paying-up to make sure all that clean energy can get to homes and businesses. Most Read from Bloomberg Spending on power transmission surged 19% to 529 billion yuan ($72 billion) in the first 11 months of last year, according to … Read more
Emma Raducanu fought back from double break down in both the first and second sets to beat Amanda Anisimova – Clive Brunskill/Getty Images Emma Raducanu braved a back issue to move through to the third round of the Australian Open for the first time, defeating the big-hitting American Amanda Anisimova in straight sets. These two … Read more
(Bloomberg) — New Zealand, Australian and US dairy companies are accusing Canada of dumping low-priced milk products on world markets and are asking their governments to intervene. Most Read from Bloomberg Industry groups from the three nations have written to their trade and agriculture ministers and officials expressing concern over the impact of “Canada’s trade … Read more
Hong Kong was among the best performing markets in Asia after the below-forecast US inflation data (Bertha WANG) Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year. Strong earnings from Wall Street banking titans and a … Read more
Nintendo has been tight-lipped about a launch date for its new gaming console amid heavy speculation its release could be imminent (Philip FONG) Speculation over Nintendo’s new console, a successor to the wildly popular Switch, reached a fever pitch Thursday with specialist media predicting an imminent announcement from the Japanese gaming giant. The Eurogamer website … Read more
(Bloomberg) — In theory, it’s one of the financial world’s juiciest arbitrage trades: shares of Taiwan Semiconductor Manufacturing Co. fetch far higher prices in New York than they do in Taipei. Most Read from Bloomberg Finance 101 says short the US stock, buy the Taiwan stock and earn easy profits as the prices move toward … Read more
(Bloomberg) — Colombian President Gustavo Petro named two academics to the nation’s central bank, potentially changing the balance of forces on a board which is split over how fast to cut interest rates. Most Read from Bloomberg Petro said in a post on X that he had appointed Laura Moisa and Cesar Giraldo as central … Read more
(Bloomberg) — Bank of Japan officials see a good chance of an interest rate hike next week as long as the arrival of Donald Trump at the White House doesn’t trigger too many negative surprises, according to people familiar with the matter. Most Read from Bloomberg BOJ officials acknowledge there’s a likelihood the rate will … Read more
(Bloomberg) — The Biden administration is poised to finalize billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc. and hydrogen manufacturer Plug Power Inc. before the Trump administration takes power next week, according to people familiar with the matter. Most Read from Bloomberg The funding, expected to be announced by the Energy Department … Read more
(Bloomberg) — Fidelity International Ltd., one of the world’s biggest pension managers, is taking a key first step in the Chinese market to tap a growing thirst for retirement solutions as the aging of the world’s second-largest population quickens. Most Read from Bloomberg The firm’s Shanghai-based unit said on Thursday it has set up … Read more