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 ›
Republican Senator of the US Marco Rubio announced bipartisan legislation on Tuesday to ban China’s popular social media app TikTok, putting more pressure on the app’s owner, ByteDance Ltd, amid concerns that the app could be used to spy on… 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 ›
Japan’s November wholesale prices rose 9.3% year on year, according to data released on Monday, a rate of increase that was nearly unchanged from the previous month and suggested an inflation peak amid easing global commodity prices. It was the… Read More ›
The EU needs to confront “distortions” caused by a $430 billion US plan to incentivize climate-friendly technologies, according to the bloc’s chief. Some EU members have criticized the US Inflation Reduction Act (IRA), raising concerns about the possibility of a trade… Read More ›
The United States and its Asian allies have sanctioned three North Korean senior officials linked to the country’s recent missile tests. This year, Pyongyang launched a record number of ballistic missiles – over 60 – and tested several intercontinental ballistic… Read More ›
The head of the US central bank has said authorities may start to ease up on interest rate hikes as soon as this month, after racing to raise borrowing costs earlier this year. The Federal Reserve has made four hefty… Read More ›
On Monday, Chinese stocks had their worst day in a month, as recent monetary-easing measures failed to alleviate investor concerns about protests against strict COVID-19 curbs in the world’s second-largest economy, while the yuan fell against the dollar. The United… Read More ›
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