Global investors have been pulling money out of India’s stock market at an unprecedented rate, redirecting funds towards Chinese equities in a significant shift in investment trends. Over the past six months, foreign investors have withdrawn nearly $29 billion from Indian equities, marking the highest outflow recorded in any similar…
Santander has announced plans to close nearly a fifth of its UK branches as part of a broader network overhaul, putting 750 jobs at risk. The retail bank will shut 95 out of its 444 high street outlets by June and will also reduce services or hours at over 50…
Turkey’s financial markets were thrown into turmoil on Wednesday following the arrest of Istanbul’s mayor, Ekrem Imamoglu, a leading opponent of President Recep Tayyip Erdogan. The lira plunged more than 10% to record lows before recovering slightly, and the benchmark Borsa Istanbul 100 Index fell 6%, while banking stocks slumped…
The sell-off in big tech stocks has deepened. The “Magnificent 7” stocks, which drove much of the US market rally over the past two years, are now dragging the major indices lower.The group, which includes Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla, is on track for its worst quarter…
Nvidia (NVDA) shares fell 2.4% on Tuesday after CEO Jensen Huang addressed growing concerns about overspending in the AI sector while reaffirming the company’s strong position in chipmaking. Speaking at Nvidia’s annual software developer conference, Huang defended the company’s leadership in AI processors as competition intensifies, particularly from China’s DeepSeek,…
The German Bundestag just made a historic decision today. A decision that will finally break Germany’s debt brake. This policy has been in place since 2009 and has helped reduce the country’s public debt over the past 10 years or so. At the same time when other countries like the…
Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, has signaled that comprehensive stablecoin legislation is imminent, with finalization expected in the coming months.Speaking at the Digital Asset Summit in New York on March 18, Hines emphasized the urgency of maintaining the US dollar’s dominance in…
The Bank of Japan (BOJ) on Wednesday kept its key policy rate unchanged at 0.5% in a unanimous vote, in line with market expectations. The decision comes as policymakers assess the potential impact of US President Donald Trump’s protectionist trade policies on Japan’s export-driven economy.BOJ officials acknowledged that while Japan’s…
New Zealand’s economy likely eked out of recession in the fourth quarter of 2024, but growth remains sluggish, reinforcing expectations that the Reserve Bank of New Zealand (RBNZ) will continue easing monetary policy to stimulate demand. GDP is projected to have expanded by 0.4% in the final quarter of the…
British employers have not made any changes in pay increases in response to rising costs and an impending hike in payroll taxes, bringing wage growth back in line with inflation for the first time since October 2023.Data from human resources firm Brightmine shows that the median pay award remained at…