Argentina’s currency and bond market reacted sharply as the country announced a major new financing deal with the International Monetary Fund (IMF) valued at $20 billion.According to Reuters, the agreement, which involved the removal of significant currency and capital controls, reignited optimism from investors and led to a jump in the bond…
Gold prices can remain overbought or oversold for extended periods of time as investors continue to increase their exposure to the yellow metal, according to experts. Gold prices on COMEX had hit a record high of $3,263 per ounce on Friday, and traded near that level on Monday as well. At the…
The British government announced on Tuesday that it had secured a fuel delivery, allowing the country’s last steel blast furnaces to remain operational for at least a few more weeks, according to a Reuters report. This move is the latest in a series of desperate attempts by the government to preserve…
Shares in LVMH dropped 8% on Tuesday morning after the French luxury giant reported an unexpected fall in first-quarter sales, triggering a sharp reaction across the European luxury sector.LVMH, which owns flagship brands including Louis Vuitton, Moët & Chandon and Hennessy, reported a 3% year-on-year decline in revenue for the…
Singapore has officially entered election season as President Tharman Shanmugaratnam dissolved parliament on Tuesday, acting on the advice of Prime Minister Lawrence Wong. The move sets the stage for the city-state’s 14th general election since gaining independence in 1965. Nomination Day has been scheduled for 23 April, after which candidates…
In a further escalation to the trade war with the US, China has instructed its airlines to suspend all further deliveries of Boeing aircraft and halt purchases of aircraft-related equipment and parts from US suppliers, Bloomberg reported citing people familiar with the matter. The directive comes after US President Donald…
Argentina’s currency and bond market reacted sharply as the country announced a major new financing deal with the International Monetary Fund (IMF) valued at $20 billion.According to Reuters, the agreement, which involved the removal of significant currency and capital controls, reignited optimism from investors and led to a jump in the bond…
Bitcoin has been consolidating within a tight range in recent weeks, amidst fears of Trump tariffs pushing the US economy into a recession.However, experts, including Wharton’s Jeremy Siegel, continue to believe that the Federal Reserve will cut its key interest rate further in 2025.And once it does, the crypto market…
Wall Street analysts on Monday said pre-buying cars ahead of tariffs will provide a temporary lift to US carmakers like Ford and GM, however, the long-term picture remains clouded by rising costs and weakening demand across the automotive value chain.Deutsche Bank’s Edison Yu took a hard look at the sector…
Technology companies pick China for production primarily because it offers lower labour costs.That’s the widespread conception, or perhaps a “misconception” as Tim Cook, the chief executive of Apple (NASDAQ: AAPL), would call it.“China stopped being the low labour cost country years ago,” he revealed in an interview last year.That said,…