Bloomberg A $2 trillion swathe of China’s local bond market is approaching a risky inflection point as issuers struggle to refinance maturing debt. Net financing — new yuan bond issuances minus maturities — for the country’s local government financing vehicles, or LGFVs, turned negative in the fourth quarter of 2022 for the first time in at least four years, …

  Bloomberg A rally in Bitcoin took the token to the cusp of scaling $25,000 for the first time since August amid broad gains in crypto markets as investors shook off concerns about a US regulatory clampdown. The largest digital asset rises as much as 3% on Thursday and was trading at $24,620 as of 8:15 am in London. Smaller …

  Ajman / Gulf Time In 2003, Homes r Us opened the door to their first-ever store in the UAE. Since then, the home-grown brand has extended its reach throughout the UAE and the Middle East, carving a space for itself as a quality home décor and furniture brand that is well-loved by generations. Over the past 20 years, the …