Money
On Worries About China and Winter Demand, Oil Prices Decline
Chris Dugal
Sept 07, 2023
On Thursday, oil prices declined as concerns about demand due to a cyclical slowdown throughout the winter and an unclear economic future for China exceeded anticipations of tighter supply from extended production curbs in Russia and Saudi Arabia.
Modi's US Visit: Musk Pledges 'Earliest Possible' Tesla Entry into India
Bill White
Jun 21, 2023
Elon Musk, CEO of Tesla, has pledged to expand the electric car company into India "at the earliest opportunity."
ASIA A Positive Rebound, But Mixed Big Technology Signals
Chris Dugal
Oct 25, 2023
It was a good day for news on this Tuesday since another unexpectedly optimistic snapshot of American company activity bolstered risk appetite and investor mood, setting the stage for a solid start to Wednesday's Asian market session.
Slice-and-dice Treatment Is Used for Private Credit
Chris Dugal
Jan 21, 2024
Private lenders are having the traditional bankers' lunches.But as they do so, the asset managers and private equity companies pushing out Wall Street lenders are becoming more and more like the conventional financial industry.
Investor Optimism Fuels Continued Growth in Asian Markets
Andruw Harris
May 21, 2024
Investor enthusiasm for stocks and risk assets shows no sign of abating, suggesting more gains across Asian markets on Tuesday.
Wealth Managers from Asia Rush to Dubai as Customers Seek to Diversify
Chris Dugal
Jan 08, 2024
Wealth managers from Asia are opening offices in Dubai in greater numbers as they take advantage of the improving diplomatic relations between China and the Middle East and anticipate a sharp increase in client demand for geographical diversity.
UK consumers Are Feeling the Pressure
Adam Clark
Jun 16, 2023
Vidya Ranganathan gives a preview of the next trading day in the European and international markets.
Asia Prepared for Disappointment About China's Rate Reduction
Chris Dugal
Aug 21, 2023
On Monday, Asian markets held their breath as investors awaited signs of Beijing's easing policy through widely anticipated rate cuts after being terribly let down by its stimulus measures thus far.
Chipmakers Face Triple Threat as Trump's Tariffs Escalate
Andruw Harris
Apr 09, 2025
Global semiconductor giants—including TSMC, Samsung, and Intel—are bracing for a triple blow from the Trump administration's widening trade war, with higher costs, slumping demand, and disrupted U.S. expansion plans threatening the $600 billion industry.
Declining Customer in Burberry Shops Hinders Design Overhaul
Chris Dugal
Nov 20, 2023
Burberry could not be in a worse position as the luxury market slows down after a post-pandemic boom, with designer Daniel Lee's first collections for the British brand beginning to appear in recently renovated stores.
Tax Leak Scandal Prompts PwC Australia to Sell Business for Nominal 50p
Andruw Harris
Jun 26, 2023
Following a scandal involving the misappropriation of secret government tax schemes, PwC Australia has decided to divest its government services sector for a mere A$1 (50p). The company concurrently declared the induction of a new CEO.
Microsoft, Nvidia, and OpenAI Contribute $675 Million to the Robotics Startup Figure
Chris Dugal
Mar 01, 2024
Figure, a robotics startup, announced on Thursday that it had secured $675 million at a valuation of $2.6 billion from investors.
HSBC Relocates Global Headquarters, Abandons Canary Wharf Tower
Mike Seth
Jun 26, 2023
HSBC has announced plans to depart from its Canary Wharf tower, possibly returning to its roots in the City of London by 2027, coinciding with the expiration of its existing lease.
American Bond Bulls Anticipate a 2024 Fed Move to Maintain the Searing Rally
Chris Dugal
Dec 28, 2023
As bonds recover from a major selloff, some investors predict stronger conditions in the United States fixed income market in 2024 — that is, if the rate cuts by the Federal Reserve occur as expected.
BOJ Maintains Its Ultra-loose Policy While Shifting Focus to Exit Timing
Chris Dugal
Dec 19, 2023
As was widely expected, the Bank of Japan kept ultra-loose monetary policy on Tuesday, highlighting the decision of policymakers to hold off on raising interest rates until they have more information about whether wage growth will be sufficient to sustain inflation below its target of 2%.
Onion Farmers in India Distressed as Government Implements 40% Export Duty
Alex Wong
Aug 24, 2023
Indian onion farmers are vehemently contesting the recent decision by the government to impose a 40% export duty on onions, sparking worries of oversaturation within the market and a potential decrease in local prices.
Markets Are Awaiting Data for Hints on the Fed and ECB's Outlooks as Brent Remains Above $90
Chris Dugal
Sept 12, 2023
Tuesday saw a hold on the $90 per barrel mark for Brent oil futures as traders awaited macroeconomic data that could hint at future increases in rates of interest in the US and Europe.
Uneven Way to Complete Abandoned Housing of Evergrande in China
Chris Dugal
Feb 03, 2024
A fence with the sign "Happy Every Day" in the center of Shijiazhuang, northern China, hides an incomplete apartment building that stands as a daily reminder of the unsolved costs of the sudden collapse of China's once-biggest developer.
Asia's Stocks Remain Stable Ahead of the OPEC+ Summit and Inflation Tests
Chris Dugal
Nov 27, 2023
Ahead of possibly market-moving data on inflation later in the week from the US and Europe as well as an oil producers' conference that may halt or prolong the recent price decline, Asian shares started the week cautiously on Monday.
eBay Steps into the Realm of Non-Fungible Tokens
Andruw Harris
Jun 11, 2023
The renowned internet service platform, eBay, is venturing into the space of digital collectibles by becoming a hub for purchasing and selling non-fungible tokens (NFTs). This move came about through the acquisition of KnownOrigin, an established NFT marketplace.
Dollar Stable but Remians Vulnerable Following Fed Steer
Chris Dugal
Nov 06, 2023
Main world currencies opened Monday morning steady as traders braced for an extension of the US dollar's losses from late last week following the Fed's dialing down of hawkish rhetoric.
Positive Industrial and Retail sales Figures in China Tempered by Weak Real Estate
Chris Dugal
Mar 18, 2024
China's retail sales and factory output in the January–February period exceeded predictions, signaling a strong start to 2024 and providing some respite to authorities even though the property sector's crisis continues to weigh on the economy and confidence.
Unilever Stands By Decision to Maintain Operations in Russia Despite Controversy, Asserts Cornetto Manufacturer
Bill White
Jul 05, 2023
The renowned manufacturer of Dove soap and Cornetto ice cream, Unilever, has justified its continuation of operations in Russia, over a year since the nation's incursion into Ukraine.
Facebook Parent Company Meta Announces First Dividend; Shares Surge
Chris Dugal
Feb 02, 2024
Meta Platforms declared its first dividend days before Facebook, the company's flagship social network, turned 20, while revealing revenue and earnings above forecasts because of strong ad sales during the Christmas shopping season.
Shein's Pre-IPO Campaign in Britain Faces Resistance from European Retailers and Politicians
Andruw Harris
Jun 11, 2024
As Shein, the online fast-fashion retailer, intensifies its pre-IPO activities in Britain, it is encountering growing opposition from Europe's retail industry and lawmakers.
Deal-hunters Expected to Go on a Record-breaking $12 Billion Shopping Binge on US's Cyber Monday
Chris Dugal
Nov 28, 2023
Cyber Monday spending is expected to surpass $12 billion, an all-time high.
Price War: Amazon Blocks Temu from Pricing Comparisons
Chris Dugal
Jun 14, 2023
Temu, a recent rival of Amazon, will not be included in the price comparison algorithm that determines if the products offered on its network are competitive against rivals since Temu does not adhere to Amazon's requirements.
Unilever Will Spin off Its Ice Cream Business and Cut 7,500 Jobs to Save Cost
Chris Dugal
Mar 20, 2024
Tuesday saw the announcement by Unilever that it was going to spin off its ice cream business — home to well-known brands such as Ben & Jerry's and Magnum — and reduce 7,500 jobs as part of a new cost-cutting strategy.