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City of London s $10 Trillion Chinese Conduit Plans for Growth

(Bloomberg) The U.K.’s relations with China may be at a low ebb but China Construction Bank Corp.’s City of London outpost is banking on ever closer financial flows between the two countries. The branch is the sole renminbi clearing bank in the U.K.

Bitcoin Has Lost Half Its Value Since Hitting Record High

Bitcoin, the largest digital asset, extended its decline Saturday, and has now shed more than 50% from its record high in November.

Chile Asset Rally Faces Moment of Truth as Boric Builds Cabinet

(Bloomberg) The stellar start to the year for Chilean assets now hangs in the balance, dependent on one announcement by President-elect Gabriel Boric on Friday his finance minister.

Brazil Real Gains as Lula Woos Centrist to Join Ticket

(Bloomberg) The Brazilian real gained after leftist ex-President Luiz Inacio Lula da Silva, the front-runner in this year’s presidential race, said he would like to have former Sao Paulo Governor Geraldo Alckmin as his running mate.

Kleiner Perkins, Coinbase Among Backers of Gulf Crypto Firm Rain

(Bloomberg) Silicon Valley venture capital firm Kleiner Perkins co-led a funding round by crypto company Rain Financial at a valuation of $500 million, joining backers including Coinbase Ventures as digital currencies rapidly gain ground in the Middle East.

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