Global banks fear China will limit JV control through new rules
Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.
To see the impact of record-breaking temperatures around the world, watch wheat. Found in everything from bread to noodles, biscuits to cereals, beer to cakes -- there is no more widely grown staple crop and more than 170 million metric tons trade every year. So when the weather ruins harvests in one spot, it can shock markets and economies that are thousands of miles away.
The company appears to be playing catch-up with CEO Elon Musk’s assertions about the momentum behind a deal — including that funding is "secured" — highlighting the speed at which the proposed transaction is unfolding.