Swiggy

Swiggy Shares Surge 7.7% on Strong Market Debut as India’s $1.4 Billion IPO Enthralls Investors

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...
Joe Biden-Donald Trump

Trump’s Win Casts Shadow Over Biden at APEC Summit in Peru as China Expands Influence in Latin America

In a scenario echoing 2016, the Asia-Pacific Economic Cooperation (APEC) summit in Lima is set to unfold amid a tense geopolitical landscape. Once again, the U.S. President, this time Joe Biden, arrives as a lame-duck Democrat to find his agenda...
US dollar

Dollar Holds Near 6-Month High as “Trump Trades” Dominate, Bitcoin Poised Below Record Levels

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...
Nissan Motor Co

Nissan’s Struggle for Survival: Facing Financial Decline, New Investments, and an Uncertain Future

Japan’s automotive industry into the spotlight, Nissan Motor Co. finds itself battling significant challenges as a recent, steep decline in performance has attracted the attention of prominent activist investor Effissimo Capital Management Pte. The Singapore-based hedge fund, known for aggressively...
Asia Stock Markets

Asian Stocks Drop to Two-Month Low as US Inflation Data Looms Large

Tokyo, Hong Kong, and Sydney see declines as investors brace for key inflation data that could impact Fed policy; regional economic concerns and geopolitical tensions weigh on market sentiment Asian stock markets opened on a downtrend early Wednesday, marking a...
US-China

As U.S.-China Trade Tensions Resurface, Beijing Reinforces Food Security with Reduced Dependence on American Agriculture

The U.S.-China trade war ignited in 2018, China has been steadily reducing its reliance on American agricultural imports in a strategic pivot to secure food independence. With the potential return of former U.S. President Donald Trump and his plan to...
Typhon Mid-rang missile system

Philippines Seeks to Bolster Defense with U.S.-Made MRC Missile System, Defying Chinese Opposition

The Philippines has expressed interest in acquiring the U.S.-made Mid-Range Capability (MRC) missile launcher, also known as “Typhon.” The system, capable of firing long-range Tomahawk and SM-6 missiles, was introduced to the Philippines in April for joint military exercises. Now,...
U.S.-Made ATACMS Ballistic Missiles

Taiwan Receives First Batch of U.S. ATACMS Missiles, Boosting Long-Range Strike Capabilities Amid Growing Tensions with China

Taiwan’s strategic defense advancements, the country has reportedly received its initial shipment of the U.S.-made Army Tactical Missile System (ATACMS). This acquisition marks a major enhancement to Taiwan's long-range strike capabilities amid ongoing tensions with China. The delivery of ATACMS...
PL-15E Missile , China

China Unveils PL-15E Missile with Folding Tail Design at Zhuhai Air Show 2024, Boosting J-20 and J-35 Firepower

Zhuhai Air Show 2024,  China’s latest aerospace and defense technology, provided the backdrop for an unexpected and strategically significant reveal: the introduction of the PL-15E, a Beyond Visual Range Air-to-Air Missile (BVRAAM) with a revolutionary folding tail structure. The unveiling,...
Philippine Coast Guard

China Increases Pressure on Philippines Over South China Sea Sovereignty

The Philippines is facing mounting pressure from China to yield its sovereign claims in the South China Sea, according to the country's Secretary of National Defense, Gilberto Teodoro. During a recent meeting with Australian Defense Minister Richard Marles in Canberra,...
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