Billionaire Elon Musk has launched a bold initiative, promising to give away $1 million each day until the November 2024 election to individuals who sign an online petition supporting the US Constitution. The campaign, which blends philanthropy with political activism, is part of Musk’s broader effort to rally support for…
The USD/THB exchange rate has been in a strong downward trend this year, making the Thailand baht one of the best-performing currencies in the emerging markets. It peaked at 37.25 in May, where it formed a double-top pattern, and dropped by over 13.7% to 32.15. Thailand interest rate cut The…
China has reduced its benchmark lending rates in an effort to stimulate economic growth and address a struggling housing market. The one-year loan prime rate (LPR) was lowered to 3.10% from 3.35%, while the five-year LPR was cut to 3.60% from 3.85%. These moves follow a series of monetary easing…
With nearly $10 billion worth of investments being pulled out, October has emerged as the worst month on record for Foreign Institutional Investors (FIIs) withdrawing from India’s stock market. The outflow has surpassed the previous high of $7.9 billion seen during the March 2020 COVID-19 market crash and has been…
South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after years of lackluster growth. According to JPMorgan Chase & Co., investor optimism has surged, driven by the recent formation of…
The Leader of Japan’s Democratic Party for the People (DPP), Yuichiro Tamaki, has pledged to reform the country’s crypto taxation if elected. His proposal, which he announced via a tweet on Sunday, aims to shift from treating digital assets as miscellaneous income to a flat 20% tax rate. The plan…
Against all odds, gold prices have continued their merry run and hit new record highs on Monday. At the time of writing, the most active December contract on COMEX was at $2,742.40 per ounce, up 0.5% from the previous close. Earlier in the session, the contract had hit a record…
China has reduced its benchmark lending rates in an effort to stimulate economic growth and address a struggling housing market. The one-year loan prime rate (LPR) was lowered to 3.10% from 3.35%, while the five-year LPR was cut to 3.60% from 3.85%. These moves follow a series of monetary easing…
With nearly $10 billion worth of investments being pulled out, October has emerged as the worst month on record for Foreign Institutional Investors (FIIs) withdrawing from India’s stock market. The outflow has surpassed the previous high of $7.9 billion seen during the March 2020 COVID-19 market crash and has been…
The RBL Bank stock price took a sharp hit, dropping 14% on October 21 to reach its 52-week low, following the bank’s disappointing Q2 results. The private sector lender reported a significant 24% year-on-year decline in net profit, falling to ₹223 crore, mainly due to asset quality challenges in its…