Greece is poised to sell a 10% stake in the National Bank of Greece (NBG) as it continues its broader privatization efforts, which have seen the state reduce its holdings in several major banks over the past year. The Hellenic Financial Stability Fund (HFSF) announced the price range for the…
Mainland China stocks saw a significant surge, with the CSI 300 index jumping over 6%, driven by gains in the property sector, which rose 7.4%. In contrast, Japan’s Nikkei 225 tumbled by 4.64% on Monday, with industrial production figures and market losses in the real estate sector playing a key…
US President Joe Biden has approved a significant $567 million military assistance package for Taiwan, a move aimed at bolstering the island’s defense capabilities as tensions between China and Taiwan escalate. The package, which includes defense articles, services, and military education, comes at a critical time when Taiwan faces growing…
Pursuit of windfall profits by big Western supermarkets on the back of low wholesale prices is causing widespread labour exploitation in the shrimp aquaculture industries of Vietnam, Indonesia, and India, a new investigation published by AP, has found. The investigation conducted by an alliance of non-governmental organisations (NGOs) and the…
Billionaire Changpeng Zhao, co-founder of Binance Holdings Ltd., made his first public statement over the weekend after being released from US custody. In a post shared on social media platform X, Zhao reiterated his commitment to investing in blockchain, artificial intelligence, and biotechnology, emphasizing his long-term vision centered on impact…
Japan’s Nikkei 225 index tumbled by more than 4% on Monday, driven by a combination of underwhelming industrial production figures and the market’s reaction to the election of new Prime Minister Shigeru Ishiba. The steep decline followed the release of mixed economic data, including a 2.8% increase in August retail…
Greece is poised to sell a 10% stake in the National Bank of Greece (NBG) as it continues its broader privatization efforts, which have seen the state reduce its holdings in several major banks over the past year. The Hellenic Financial Stability Fund (HFSF) announced the price range for the…
Stellantis NV lowered its annual forecasts on Monday, citing increasing costs related to restructuring its US business and intensifying competition from Chinese electric vehicle (EV) makers, triggering a more than 14% fall in its share price during early trading hours. The automaker- one of the world’s largest, known for brands…
Crypto investment products continued to attract institutional capital as the market recorded another week of huge net inflows. On September 30, 2024, crypto asset manager CoinShares released its latest weekly flows report, indicating a third straight week of inflows. According to CoinShares, the digital asset investment products market added $1.2…
Rightmove, the UK’s leading real estate portal, has firmly rejected a £6.2 billion takeover bid from REA Group, the Australian property giant backed by Rupert Murdoch’s News Corp. This latest bid marks REA’s fourth attempt to acquire the company, with Rightmove maintaining that the offer significantly undervalues its long-term prospects.…