- May 10th, 2025
The U.S. dollar remained close to a 13-month high on Friday, reflecting growing investor speculation about the Federal Reserve’s interest rate policy and ongoing uncertainty in Europe, which weighed on the euro. Meanwhile, bitcoin continued its ascent toward the psychologically...
Singapore has revised its economic growth forecast for 2024 upward, citing a stronger-than-expected recovery, but officials have urged caution as global risks loom for the following year. The Ministry of Trade and Industry (MTI) upgraded the city-state’s projected growth for...
Indian billionaire Gautam Adani, one of the world's wealthiest individuals, finds himself at the center of a sprawling corruption scandal. U.S. federal authorities have unsealed criminal and civil charges against Adani and several associates, accusing them of orchestrating a multi-million-dollar...
Asian equities rallied on Friday, following Wall Street's overnight gains, as investors brushed aside initial concerns over Nvidia Corp.’s revenue outlook. Optimism in the markets persisted despite geopolitical tensions, mixed economic data, and ongoing uncertainties in the U.S. Treasury leadership...
Hong Kong’s New World Development (NWD) has shifted its focus to reducing its substantial debt load, opting to hold off on mergers, acquisitions, and other activities that might strain its cash flow, Chairman Henry Cheng stated during a recent shareholders'...
Oil prices rose modestly on Friday following intensified geopolitical tensions as Russia announced it had fired a ballistic missile at Ukraine. The development sparked concerns over the potential escalation of the conflict, raising fears of tighter crude supplies in an...
In a landmark decision, the U.S. Consumer Financial Protection Bureau (CFPB) announced on Thursday that it will subject digital wallet and payment app providers processing over 13 billion financial transactions annually to government oversight. The move places tech giants like...
Oil prices inched upward on Thursday, reflecting renewed supply concerns tied to escalating geopolitical tensions in the ongoing Russia-Ukraine war. The uptick comes as market participants balance shifting global demand, stockpile fluctuations, and production uncertainties. Brent crude futures for January...
Indian billionaire Gautam Adani, one of the world’s wealthiest individuals, has been indicted in the United States on charges of orchestrating a bribery scheme that underpinned a massive solar energy project in India. The indictment, unsealed on Wednesday in Brooklyn...
Nvidia’s revenue forecast on Wednesday rattled Wall Street, sending its stock down 2.5% in after-hours trading. The company projected its slowest revenue growth in seven quarters, raising questions about whether the artificial intelligence (AI) boom that catapulted Nvidia to prominence...
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