BYD Says Fate of Lithium Project Is in Hands of Chile Government

Aug 26, 2024 | Markets

BYD should get preferential prices for SQM lithium carbonate Terms yet to be settled, BYD Executive Vice President Li says BYD Co. said the timing of its lithium project in Chile remains up in the air as the Chinese electric vehicle juggernaut continues to negotiate...

Fed Cuts May Send $1 Trillion FX ‘Avalanche’ to China, Jen Says

Aug 26, 2024 | Markets

Firms may convert foreign-exchange into yuan as Fed cuts Such a move may lead to a 10% advance in the yuan: Stephen Jen Chinese companies may be enticed to sell a $1 trillion pile of dollar-denominated assets as the US cuts interest rates, a move which could...

Texas Pension With $40 Billion to Hire Private Markets Investors

Aug 26, 2024 | Markets, Private Markets

Texas Municipal Retirement System is hiring three investment staff as it looks to expand direct investment capabilities in private markets, according to Yup Kim, chief investment officer of the $40 billion pension fund. Philip Hunter O’Brien will join as a managing...

Bank of Canada Seen Cutting Rates Deeper, Faster Over Next Year

Aug 26, 2024 | Markets

Economists expect third straight cut to policy rate on Sept. 4 Steady downward trend would bring rate to 3% by July 2025 Economists see the Bank of Canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady...

McKesson to Buy Stake in Florida Cancer Chain for $2.49 Billion

Aug 26, 2024 | Markets

McKesson Corp. agreed to buy a controlling stake in an arm of Florida Cancer Specialists & Research Institute, a privately held operator of clinics. Drug distributor McKesson will pay about $2.49 billion in cash for the holding in Community Oncology Revitalization...