Chinese factories in Mexico on thin ice, Xi-Biden talks and the surprise tiny EV hit: 7 reads about US-China relations

We have selected seven of the biggest and most important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Chinese manufacturers in Mexico tread on thin ice amid threat of US barriers Illustration: Lau Ka-kuen “Keep a low profile.” Such … Read more

memecoins: Memes, Pumps, Blunders: Absurd crypto spectacles make a comeback

At a conference in Manhattan last week, a few hundred people gathered to hear luminaries of the cryptocurrency industry and executives from the likes of BlackRock and Fidelity discuss Bitcoin’s march into the investing mainstream this year. However, it was another token that kept coming up in the conversations: a newer cryptocurrency best known for … Read more

BlackRock, SBI Life among investors in Union Bank QIP

State owned Union Bank of India has raised Rs 3000 crore through a qualified institutional placement (QIP) allowing the bank to deepen its capital and also reduce its government holding below the regulatory ceiling of 75%, multiple people aware of the details said. Demand was ten times the amount required as large local and overseas … Read more

SEC approves first bitcoin investment funds after false start

The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested in a cryptocurrency. The SEC approved 11 spot bitcoin ETFs from several major companies, including BlackRock, Fidelity and Grayscale Investments, as it faced down a … Read more