China’s outbound mergers and acquisitions (M&A) activity could see a significant uptick as US President-elect Donald Trump’s proposed tariffs push mainland firms to accelerate their globalization strategies. Experts suggest that fears of tariffs ranging from 60% to 100% on Chinese goods are driving businesses to seek alternatives to mitigate reliance…
Inflation in Japan remains a pressing issue, affecting household budgets, government policy, and everything in between. Rising prices have prompted bold fiscal and monetary responses. Recently, the Japanese government unveiled a massive economic package aimed at easing the financial strain on its citizens while trying to stabilize the economy. At…
Gold prices were sharply down on Monday, snapping a five-day winning streak as safe-haven flows declined after reports hinted at a potential ceasefire in the conflict between Israel and Lebanon-based militant group, Hezbollah. Meanwhile, gold was also pressurized as President-elect Donald Trump elected Scott Bessent as Treasury Secretary in the…
China maintained its medium-term lending rate on Monday, signaling its central bank’s focus on stabilizing the yuan amid currency pressures exacerbated by Donald Trump’s victory in the US presidential election. The People’s Bank of China (PBOC) held the medium-term lending facility (MLF) rate steady at 2% for 900 billion yuan…
China’s outbound mergers and acquisitions (M&A) activity could see a significant uptick as US President-elect Donald Trump’s proposed tariffs push mainland firms to accelerate their globalization strategies. Experts suggest that fears of tariffs ranging from 60% to 100% on Chinese goods are driving businesses to seek alternatives to mitigate reliance…
UniCredit, Italy’s prominent lender, made a proposal on Monday to acquire its domestic competitor Banco BPM for approximately 10 billion euros ($10.5 billion). The offer, separate from its ongoing pursuit of Germany’s Commerzbank, aims to combine two of Italy’s largest banking institutions. UniCredit announced that it is offering 6.657 euros…
Gold price has been on a rebound since the beginning of the week amid heightened safe haven demand. On Tuesday, Russian President Vladimir Putin updated the country’s nuclear doctrine following a Ukraine attack on its territory using US-made ATACMS missiles. The SPDR Gold Trust (GLD) ETF was trading at $250…
Crude oil prices ended the week in green; reversing some of the losses recorded over the previous two weeks. Notably, optimism that China’s oil demand is improving has contributed to this rebound. Escalation of the Russia-Ukraine war further bolstered Brent futures to a two-week high; ending the week at $75.05…
The New Zealand dollar will be in the spotlight as the country’s central bank delivers its interest rate decision. The NZD/USD exchange rate tumbled to a low of 0.5817, its lowest level since November 2023, and 8.13% below the highest point this year. Reserve Bank of New Zealand decision The…
The USD/JPY exchange rate pulled back to 153.70 on Monday morning as the market reacted to a large Japanese stimulus and the potential Bank of Japan (BoJ) and Federal Reserve divergence. It has retreated by almost 2% from its highest point this month. BoJ decision and government stimulus The USD/JPY…