According to a recent Moody’s Ratings assessment that cites regulators and industry groups, the fast expansion of private credit lending beyond its usual market exposes its opaque character and raises possible worries among regulators about its future hazards to the… Read More ›
Economy & Finance
US And Mexico Take Action To Prevent China From Evading US Steel And Aluminium Tariffs
Using a North American “melted and poured” standard for steel, the United States and Mexico on Wednesday unveiled new measures to combat China and other nations that export goods via Mexico evading U.S. tariffs on steel and aluminium. According to… Read More ›
US Gen Z Consumers Depend On Their Parents With Tightening Inflation
According to a Bank of America survey released on Wednesday, 46% of Gen Z people in the U.S. rely on financial support from their parents and relatives as they confront growing financial issues due to inflation and increased living expenses…. Read More ›
First Half Of Southeast Asia’s IPO Market Saw A Sharp Decline, But AI Listings May Help It Rebound
According to a Deloitte analysis, the market capitalization of Southeast Asia’s first public offerings (IPOs) fell 71% to $5.8 billion in the first half of 2024. In the first half of the year, there were just 67 initial public offerings… Read More ›
China’s Regulator Promises To Take Stock Market Fraud More Seriously
China’s securities regulator promised on Friday to crack down more forcefully on financial fraud, stating that it is advocating for more severe penalties for offenders in an effort to restore faith in the nation’s faltering stock markets. A set of… Read More ›
Tariffs Imposed On China-Made EVs In The Largest EU Trade Spat To Date
In its worst trade dispute to yet, the European Union is set to apply duties of up to 37.6% on Chinese-made electric car imports starting on Friday, according to EU officials. This move is certain to escalate tensions with Beijing…. Read More ›
A Research Firm Claims Japan Would Lack Almost A Million Foreign Workers By 2040
An estimate from a state-backed think group on Thursday revealed that if the government intends to meet its targets for economic development as the country’s population declines, Japan would need about a million foreign workers by 2040. The Japan International… Read More ›
Research Shows AI Deals Increase US Venture Capital Financing To Its Greatest Level In Two Years
According to PitchBook figures released on Wednesday, U.S. venture capital financing increased to $55.6 billion in the second quarter, the largest quarterly amount in the previous two years. The most recent data indicates a 47% increase from the $37.8 billion… Read More ›
India Asks Utilities Companies Place Orders Worth $33 Billion In 2024 For Equipment To Increase Coal Power Output
As the South Asian country struggles to satisfy the rising demand for energy, India has requested power providers to acquire equipment worth $33 billion this year in order to expedite capacity increases of coal-fired power in the years ahead, according… Read More ›
Microsoft And OpenAI, Google And Samsung’s AI Deals Are Under EU Scrutiny
Regulators have singled out Microsoft and OpenAI’s exclusive provisions, prompting the possibility of an EU antitrust inquiry into their cooperation. Google’s artificial intelligence agreement with Samsung has also drawn attention. Additional third-party perspectives will be sought by EU antitrust regulators,… Read More ›