Zinc prices surged above the $2,800 per ton threshold on Friday, buoyed by hopes of an early US interest rate cut following the Federal Reserve Chairman Powell’s speech. However, the sustainability of these gains remains uncertain, especially as the London Metal Exchange (LME) was closed for a bank holiday on Monday,…
Google Cloud has stepped into financial technology with the launch of its new blockchain platform, Google Cloud Universal Ledger (GCUL). The system, currently in private testing, is designed to speed up and reduce the cost of global payments, while aiming to challenge established players such as Ripple, Circle, and Stripe.…
Mitsubishi Corp announced Wednesday it will pull out of three Japanese offshore wind power projects, citing soaring costs, a move that undermines Japan’s energy security ambitions and its efforts to lessen reliance on imported fuel.In 2021, a Mitsubishi-led consortium secured the initial state auctions for three wind farms located in…
India’s crude oil imports are expected to drop to 4.3 million barrels per day (bpd) in August, a decrease of 300,000 bpd month-over-month, according to Vortexa. This decline aligns with typical seasonal trends, as August historically sees the lowest crude arrivals due to reduced domestic demand for gasoline and diesel during…
According to a Reuter’s report, Japan is on track to see record-breaking take-private deals this year, with transactions expected to exceed the $40.3 billion total logged in 2023. A mix of pressure from activist investors, governance reforms from the Tokyo Stock Exchange, and unprecedented private equity interest is fuelling a…
The markets felt pretty tense this morning as Dow Futures barely moved from yesterday’s close. The investors are holding their breath waiting for Nvidia to report its earnings and that makes sense since the numbers are expected shake up the whole market.The indices witnessed decent gains on Wednesday, but traders…
Indian exporters are preparing for major losses after the United States confirmed steep new tariffs on a wide range of goods from Wednesday.The move follows collapsed trade talks and Washington’s decision to penalise India for boosting imports of Russian oil. The new 25% duty, announced by President Donald Trump and…
Political and corporate developments stirred caution among investors across the globe as investors closely track multiple developments. Tensions around the Federal Reserve, major telecom deals, and potential government stakes in key industries weighed on sentiment, while European markets faced pressure amid political uncertainty in France.A glance at the biggest stories…
Shares of Cracker Barrel Old Country Store jumped more than 5% on Tuesday after President Donald Trump weighed in on the restaurant chain’s polarising rebrand, urging it to restore its old logo.The stock had slumped last week after a public backlash to the company’s new design, which removed the figure…
A powerful wave of capital is flowing out of a weakened dollar and into new strongholds, as the aftershocks of a dovish Federal Reserve and a dramatic political assault on its independence ripple across the globe. In Asia, the Chinese yuan has surged to a ten-month high, while in the…