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Barclays: The Bank of England is expected to keep interest rates unchanged in March, whereas it was previously expected to cut rates by 25 basis points.March 16 – At a press conference held today by the State Council Information Office, a spokesperson for the National Bureau of Statistics stated that based on the economic performance in the first two months, the national economy is expected to maintain a steady and progressive development trend in the next stage, continuing its upward trajectory. The spokesperson added that, judging from policy implementation, the "two major projects" (major infrastructure projects and new infrastructure projects) and "two new initiatives" (new infrastructure projects and new urbanization projects) have gradually demonstrated their effectiveness in expanding domestic demand and boosting confidence since the beginning of the year. Considering these factors, my countrys economy is expected to maintain a steady and progressive development trend in the next stage, laying a solid foundation for achieving the expected annual targets.Goldman Sachs lowered its 3-month and 6-month target levels for the MSCI Emerging Markets Index to 1520 and 1580 points, respectively, from 1570 and 1600 points.On March 16th, Q Technology (01478.HK) announced that its revenue for 2025 was approximately RMB 20.876 billion, representing a year-on-year increase of approximately 29.3%. Profit was approximately RMB 1.494 billion, representing a year-on-year increase of approximately 435.2%. The Board of Directors recommends a final dividend of HKD 40.00 per share (equivalent to approximately RMB 36.1 cents) to shareholders of the Company whose names appear on the register of members as of June 10, 2026.Bernstein raised its target price for TSMC (TSM.N) from NT$1,800.00 to NT$2,200.00.

Crypto lender Genesis says no plans to file bankruptcy imminently

Jimmy Khan

Nov 22, 2022 15:40

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Days after being forced to halt customer redemptions due to the collapse of cryptocurrency exchange FTX, cryptocurrency lender Genesis stated on Monday that it had no immediate intentions to declare bankruptcy.


We don't have any immediate plans to declare bankruptcy. In a statement sent by email to Reuters, a Genesis representative said, "Our goal is to settle the current issue consensually without the necessity for any bankruptcy filing." The company added that it is still in contact with its creditors.



According to a Bloomberg News story quoting sources, Genesis was having trouble finding new money for its lending division and was advising investors that if they did not obtain funding, they might have to file for bankruptcy.


Additionally, according to sources cited by the Wall Street Journal, the company approached cryptocurrency exchange Binance in an effort to secure an investment, but Binance declined out of concern for a potential conflict of interest.


According to the article, Genesis also requested cash assistance from Apollo Global Management, a private equity firm.


Apollo and Binance both declined to comment when Reuters reached out to them for a response to the WSJ report.


The sudden failure of Sam Bankman-cryptocurrency Fried's exchange FTX was cited by Genesis Global Capital as the reason for the suspension of customer redemptions in its lending business last week.


The Wall Street Journal reported on Thursday that Genesis had asked investors for a $1 billion emergency loan before it halted withdrawals.


In the highest-profile crypto meltdown to date, FTX filed for U.S. bankruptcy protection earlier this month after traders withdrew billions from the platform in just three days and rival exchange Binance abandoned a rescue arrangement.


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