- November 24th, 2024
Equities across Asia experienced sharp fluctuations on Thursday as investors weighed the impact of a depreciating yen and a probable U.S. interest rate cut expected next month. The uncertainty drove mixed outcomes in the Asian stock markets as investors assessed...
In a significant shift, copper prices dropped below $9,000 per ton on the London Metal Exchange (LME) for the first time in two months, extending a recent downward trend. The fall, which has seen copper decline approximately 7% since last...
Airbus has unveiled a comprehensive market forecast for the Asia-Pacific region, predicting that airlines across Asia will require 19,500 new aircraft over the next 20 years. This ambitious projection, disclosed by Anand Stanley, President of Airbus Asia-Pacific, at the Association...
Saudi Arabia's ongoing efforts to transform itself into a top-tier tourism destination received a significant boost through recent advancements in the Red Sea and Amaala projects. Spearheaded by Red Sea Global, a company wholly owned by the Saudi Public Investment...
COP29 Negotiators Celebrate Early Climate Funding Boost: $120 Billion for Developing Nations by 2030
The COP29 climate summit began on a hopeful note this week as leading global development banks pledged to significantly increase climate financing for poorer and middle-income nations, boosting the financial resources for countries struggling with the devastating impacts of global...
Oil prices have stabilized near their lowest point this month as the global energy market grapples with demand uncertainty, primarily due to a slowdown in China’s economic growth. Brent crude recently traded around $72 per barrel, while West Texas Intermediate...
Global markets react to U.S. inflation concerns, rising bond yields, and shifting economic outlook Asian stock markets took a downturn on Wednesday, reflecting a dip in U.S. equities as momentum from the so-called "Trump trade" — the stock market surge...
India’s most anticipated initial public offerings (IPO) of the year, shares of Swiggy, the country's prominent food and grocery delivery company, debuted with a 7.7% increase on Wednesday. The company’s stock opened at 420 rupees ($4.98) per share on the...
The U.S. pay-TV landscape, DirecTV announced it will terminate its planned acquisition of Dish Network Corporation if Dish bondholders don’t agree to a critical debt exchange within the next 10 days. The deadline for the deal's survival is fast approaching,...
In financial markets on Wednesday, the U.S. dollar held close to a six-and-a-half-month peak against other major global currencies, buoyed by investors’ anticipation of the economic policies expected under President-elect Donald Trump’s administration. Bitcoin, meanwhile, maintained a strong position just...
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