Fears of a recession and central banks’ commitment to maintaining higher interest rates in order to contain inflation have caused the largest weekly outflows from global equity funds since March 2020. According to Refinitiv Lipper data, there was a $33.6… Read More ›
Advertising “fake” red-soled shoes that might infringe on designer Christian Louboutin’s EU trademark could result in Amazon being held liable. On Amazon, unaffiliated third parties are marketing red-soled high heels that are similar to Louboutin’s without his permission. Amazon could… Read More ›
According to Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, gold prices could rise to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets erratic. Next year, the price of the… Read More ›
Tesla shares fell to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day, in an otherwise mixed day for stocks. CEO Elon Musk attempted to blame the falling price on macroeconomic factors…. Read More ›
A sell-off in bonds and stocks occurred around the world overnight as a result of the Bank of Japan unexpectedly expanding its target range for 10-year Japanese government bond yields. In an effort to mitigate the effects of prolonged monetary… Read More ›
According to the BBC, Sam Bankman-Fried, the CEO of the defunct cryptocurrency exchange FTX, has consented to be extradited to the US to face charges. According to US authorities, the 30-year-old, who resides in the Bahamas, is accused of committing… Read More ›
According to a survey released on Monday by World Economics, China’s business confidence has dropped to its lowest level since January 2013. This decline is due to the abrupt lifting of many pandemic control measures as well as the impact… Read More ›
According to industry sources, Air India is close to a deal to order more than 200 Boeing jets, including 190 narrowbody 737 MAX and 30 widebody 787s, as part of a historic fleet shake-up roughly split with Boeing’s European rival… Read More ›
After the Bank of England raised its benchmark interest rate for the ninth time in a year, online banks in the United Kingdom are racing to increase the yields on their savings accounts in order to entice cash-strapped savers. Following… Read More ›
According to new research, funds raised by companies listed in London fell by more than 90% this year. According to analysts, the market has cooled as a result of weak economic growth forecasts, rising interest rates, and concerns about the… Read More ›
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