Steve Cohen Takes On A-Rod in Push to Buy New York Mets

Steve Cohen hasn’t given up on buying the New York Mets. The hedge fund billionaire, who’s already a part-owner of the franchise, has been connected to the sale of the Major League Baseball team since last year. Mets fans believe that Cohen — who has a net worth of $10.1 billion, according to the Bloomberg […]

Global Banks Risk Breaching China Law by Complying With U.S.

Global banks risk being caught between Beijing-backed penalties and sanctions being debated in the U.S. as Hong Kong’s autonomy becomes a volatile point of friction between the two superpowers. The vast scope of the new security law imposed on the city has taken businesses by surprise, but perhaps no part is more worrying for global […]

Bali island begins to reopen after 3-month coronavirus lockdown

Fox Business Flash top headlines for July 9 Fox Business Flash top headlines are here. Check out what’s clicking on DENPASAR, Indonesia (AP) — Indonesia's resort island of Bali partially reopened after a three-month virus lockdown Thursday, allowing local people and stranded foreign tourists to resume public activities before overseas arrivals resume in September. […]

Treasury yields edge lower as investors await economic data, auctions

Market focus is largely attuned to worries over the rising number of coronavirus cases, as global Covid-19 infections surpassed 12 million on Wednesday, with over half a million related deaths. The U.S. Treasury will auction $40 billion of 4-week bills, $40 billion of 8-week bills and $19 billion of 29-year and 10-month bonds on Thursday. […]

Gulf Traders Stuck at Their Screens Face Unusually Busy Summer

Follow us @middleeast for more news on the region. A sun-parched corner of the financial world — where trading volumes usually drop off sharply in the summer months — will keep humming in the heat this year. With day-time temperatures regularly reaching above 100 degrees Fahrenheit, traders from the region often take vacations to more […]

Ex-Barclays Chair Told Prosecutors Qatar Fees Were ‘Outrageous’

Follow us @middleeast for more news on the region. Former Barclays Plc Chairman Marcus Agius said he was shocked to discover an agreement to pay Qatar 280 million pounds ($351 million) in fees from share sales in exchange for a bailout at the height of the financial crisis. When the former executive testified before a […]

5 SPAC and Blank Check Stocks That Have Exploded Higher in 2020

Special purpose acquisition companies (SPACs) and blank check companies have been all the rage in the market this year. The most popular of these have manifested as sports betting companies, but there are so many more options. For those late to the party, a SPAC or blank check company is one formed for the distinct […]

Saudi Central Banker Says ‘Too Early’ to Call Recovery V-Shaped

Follow us @middleeast for more news on the region. Saudi Arabia’s central bank governor said it’s “too early” to tell if the economy of the world’s largest oil exporter will bounce back with a V-shaped recovery as the government loosens coronavirus-related restrictions. Officials “believe in the resilience of the Saudi economy,” and consumer spending data […]