As North Korea gears up to reopen its borders to international tourists, the country has been focusing on expanding its tourism infrastructure, particularly in the mountain city of Samjiyon near the Chinese border. Although the country has largely remained closed… Read More ›
British fintech startup Revolut has reached a significant milestone, achieving a valuation of $45 billion in a recent secondary share sale involving existing and new investors. The company’s valuation marks a substantial increase from the $33 billion it attained in… Read More ›
Global investors showed a strong preference for lower-risk assets, focusing on money market and government bond funds in the week leading up to August 14, as they awaited clearer signals on the state of the U.S. economy. According to data… Read More ›
Several Chinese banks have recently been allocated new gold import quotas by the central bank, reflecting anticipation of a potential revival in demand despite current record-high prices, according to four sources familiar with the situation. These quotas, distributed in August,… Read More ›
Chevron’s recent advancement in oil extraction technology could significantly expand access to previously unreachable crude oil reserves, potentially adding up to 5 billion barrels to global production, analysts suggest. On Monday, Chevron announced the successful commencement of oil production from… Read More ›
The United States is set to support a significant global treaty aiming to reduce annual plastic production, marking a major shift from its previous stance, according to a source close to U.S. negotiators who spoke to Reuters on Wednesday. This… Read More ›
UBS CEO Sergio Ermotti stated Wednesday that while he anticipates increased market volatility in the latter half of the year, he does not foresee an imminent recession in the U.S. Despite recent sharp sell-offs in global equities triggered by weaker-than-expected… Read More ›
The global video game market is poised for modest annual growth this year, reflecting a slowdown in console sales, according to a recent report by market research firm Newzoo. In a blog post released Tuesday, Newzoo projected a 2.1% year-over-year… Read More ›
India’s stock market has been abuzz, not just due to investor interest but primarily because of allegations against Madhabi Puri Buch, the chief of the Securities and Exchange Board of India (SEBI). The controversy erupted after Hindenburg Research, a U.S.-based… Read More ›
The rising demand from Chinese investors for offshore investments has led foreign banks and fund managers to struggle with limited outbound-investing quotas, despite recent selloffs in U.S. and Japanese markets. Firms utilizing China’s Qualified Domestic Institutional Investor (QDII) program are… Read More ›
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