Asia’s IPO market is poised for a robust revival in 2025, as India has a promising line-up and Hong Kong shows recovery. Led by a resilient economy and strong demand from mutual funds that is keeping markets elevated, India is expected to exceed its record-breaking $20.7 billion in new-share sales…
Mexico has recently decided to increase tariffs on apparel imports, a move that is going to fundamentally alter global trade. Earlier in December, President Claudia Sheinbaum announced increases of 15% for textiles and up to 35% for finished apparel products. Days later, Mexico’s tax authority SAT introduced new tariffs targeting…
Canadian Prime Minister Justin Trudeau is expected to announce his resignation as Liberal Party Leader as early as Monday, according to a report from Canadian newspaper The Globe and Mail. This follows mounting pressure from within his party, including a growing revolt among Liberal MPs and dismal public opinion polls.…
Canada’s political landscape may be on the brink of upheaval as reports suggest Prime Minister Justin Trudeau is preparing to step down as the leader of the Liberal Party. Amid waning approval ratings, internal party dissent, and mounting pressure from opposition leaders, Trudeau’s exit could significantly alter the Liberal Party’s…
A former deputy governor of the Reserve Bank of India (RBI) has voiced his opinion that the central bank should ease its tight control over the rupee, a perspective that surfaces amidst uncertainty regarding whether the new Governor will maintain his predecessor’s policy of limiting currency fluctuations. This call for…
OpenAI CEO Sam Altman has revealed that the company’s $200-per-month ChatGPT Pro plan is currently operating at a loss. This surprising admission comes as the company grapples with the high demand for its premium AI services. In a series of posts on X, Altman stated, “I personally chose the price,…
Bitcoin is once again capturing the attention of the financial world, rapidly approaching the $100,000 mark as the largest digital asset regains momentum following Donald Trump’s US Election victory. With Congress set to certify Trump’s win, the cryptocurrency has experienced a surge, fueled by optimism for a potentially more crypto-friendly…
The USD/CAD exchange rate has surged to its highest level since March 2020 as the US dollar index soared, Canadian economy slowed, and crude oil prices slumped. It has soared in the last six consecutive weeks, its longest winning streak since August 2023. So, will the USD to CAD pair…
The Indian rupee’s remarkable collapse continued as the USD/INR exchange rate jumped to a record high of 85.73. It has risen in the last eight consecutive weeks as odds of a more dovish Reserve Bank of India (RBI) coincided with a modestly hawkish Fed. So, how high can the USDINR…
Rivian stock price could be on the verge of a multi-year bull run ahead of the R2 launch later this year. RIVN shares surged by over 24% on Friday, moving to a high of $16.50, its highest swing since July 2024. It has soared by almost 100% from its lowest…