The IPO fever whipping up animal spirits in the stock market has spilled over into the crypto-sphere.
Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top agency leaders could approve new drilling permits over the next two months.
ATP, a state-backed pension fund in Denmark with about $150 billion under management, is set to shift a larger chunk of its portfolio into risky assets after the government said it wants the investor to chase higher returns.
There are better ways than yield curve control to achieve favorable financing conditions in the euro area, given the differences between its 19 member states, according to European Central Bank Governing Council member Olli Rehn.
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