The USD/CNY exchange rate held steady this week in a low-volume environment because of the New Year celebrations. The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023. It has dropped in the last 13 consecutive weeks and is slowly approaching its lowest level on record.…
A Jeju Air flight tragically crashed on Sunday at Muan International Airport, resulting in the deaths of 179 people. Only two survivors were found in the wreckage. The exact cause of the crash is still under investigation. The victims ranged in age from 3 to 78. The plane that crashed…
China’s factory activity showed signs of sustained expansion in December, with the official manufacturing purchasing managers’ index (PMI) remaining above the critical 50-point threshold for the third consecutive month. The PMI stood at 50.1 in December, slightly down from 50.3 in November, according to data from the National Bureau of…
Emerging markets (EM) delivered notable returns in 2024 with most regions closing the year with gains. According to a Reuters report, the MSCI Emerging Markets Index is set to end the year 5% higher. Singapore led the charge with a 17% annual gain, its best performance since 2017, while Kuala…
The cryptocurrency market, fueled by increased adoption and a significant influx of institutional capital in 2024, is poised for another year of dynamic growth and innovation. As the market matures and the Bitcoin bull run continues, industry experts are keenly anticipating the key trends that will define 2025. While meme…
Bitcoin, rebounding powerfully from its bear market lows, has reasserted itself as a leading asset, significantly outperforming traditional financial markets in 2024. Fueled by the historic launch of Bitcoin ETFs in January, a new US administration seemingly supportive of the crypto industry, and the Federal Reserve’s shift toward easing monetary…
After a remarkable year for US stocks, investors are now looking ahead to a potentially pivotal January. Market momentum from 2024 is expected to carry into mid-January, but several key events, including a new presidential administration and significant economic data releases, could dramatically influence the market’s trajectory in the new…
Wizz Air, the Hungarian low-cost airline, is facing significant operational headwinds as it continues to grapple with engine-related issues. On Tuesday, the airline announced that it has signed a new support agreement with defense and aerospace firm RTX’s Pratt & Whitney. This agreement comes as Wizz Air expects to keep…
The FTSE 100 had a solid year overall aided by the Labour party’s landslide victory in the general election, and the Bank of England starting to cut interest rates in what collectively helped boost UK stocks. The UK’s blue-chip index is up 5.35% this year, after reaching an all-time high…
President Xi Jinping has announced that China’s gross domestic product (GDP) is projected to expand by approximately 5% for the full year of 2024, indicating that the world’s second-largest economy is on track to meet its official growth target. This disclosure caps off a year marked by economic uncertainty and…