Oil producer APA explores $1-billion sale of Permian assets, sources say
APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters. APA, which owns the properties through its Apache subsidiary, is working with investment bankers at RBC Richardson Barr and Truist Securities on the sale process, the sources said, requesting anonymity as the discussions are confidential. The drilling assets are in different sub-sections of the Permian Basin, namely the Northwest Shelf, the Northern Shelf, and the Central Basin Platform in New Mexico and Texas.
Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe
The acquisition of ETC Group's $1 billion in assets under management takes Bitwise's AUM above $4.5 billion.
Is this the beginning of the end for Bitcoin's dominance in crypto?
Bitcoin's share of the overall crypto market might be reaching a local top, according to one of crypto's leading investment firms
Coin Center Wins Right to Sue U.S. Treasury, IRS Again Over Controversial Tax Reporting Rule
The crypto think tank argued that a 2021 amendment to 6050I, a law that requires certain transactions to be reported to the government, is unconstitutional.
Fed to deliver three 25 quarter-point rate cuts this year; recession unlikely: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last month, according to a slim majority of economists polled by Reuters who said a recession is unlikely. The change in Fed rate cut calls follows a weaker-than-expected July U.S. jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points of reductions in 2024 earlier this month. Although some Fed officials have hinted rate cuts are coming, most economists in the Aug. 14-19 Reuters poll were not expecting a rapid series of rate cuts.
What to know about Kamala Harris’s economic plan, from grocery prices to the child tax credit
The Democratic presidential candidate outlined her economic agenda in her first major policy speech.
Nigeria Planning to Present Law to Tax Crypto by September: Report
Enacting the law would need the support of the National Assembly.
What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means
The ruling may not necessarily mean crypto is legalized for salary payment in general, two Dubai-based lawyers told CoinDesk.