As Middle Eastern crude prices have increased, Chinese refiners have increased purchases of Brazilian and West African crude. This comes as refiners reorganize their sourcing due to sanctions, tariff disruptions, and price fluctuations, Reuters reported on Wednesday.US sanctions on Russian and Iranian oil, coupled with Chinese tariffs on US oil, have…
Canada’s yearly inflation rate rose to 1.9 percent in January, after slowing to 1.8 percent in December. January was the first full month of the GST holiday, which temporarily reduced prices on products typically subject to the tax. The exemptions applied to restaurant meals, alcohol purchased in stores, as well…
Ripio, a leader in the digital asset management space, has been authorized as a money transmitter from Mexico’s National Banking and Securities Commission (CNBV).This new registration allows Ripio to work with national and international money transfers and broadens its immersion in the Latin American financial world. In an official statement to Cointelegraph…
Intel’s stock (INTC) surged more than 11% on Tuesday following a Wall Street Journal report that Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are exploring potential bids that could lead to splitting up the embattled chipmaker.Broadcom is interested in acquiring Intel’s chip design and marketing business, while TSMC is considering…
The US consumer price index (CPI) was up more than expected in January, raising doubts about the Federal Reserve’s ability to lower interest rates further in 2025.For investors, it could be a signal to focus more on value stocks this year as they have a history of outperforming growth stocks…
For months, investors had anticipated a surge in initial public offerings, driven by optimism over President Trump’s new administration. Corporate America and Wall Street expected a pro-business, deregulated environment that would spark a wave of deal-making and public listings. Markets soared in anticipation of companies capitalizing on favorable conditions.Yet, reality…
US President Donald Trump said Tuesday that Ukraine should never have started the war with Russia, arguing that Kyiv could have reached a deal to prevent the conflict.“You should have never started it,” Trump said, referring to Ukraine while criticizing President Volodymyr Zelenskyy. His remarks came after Zelenskyy expressed frustration…
China’s mergers and acquisitions (M&A) market is showing signs of a strong comeback after years of decline, driven by government stimulus efforts and the looming impact of U.S. tariffs under President Donald Trump.After a sluggish performance for most of 2024, China’s M&A activity saw a sharp uptick in the final…
Donald Trump’s administration has initiated an unprecedented downsizing of the US civil service, with government agencies slashing thousands of jobs in line with his push for a smaller, more business-friendly federal workforce. The restructuring effort, led by billionaire Elon Musk through the Department of Government Efficiency (DOGE), has already seen…
Asian markets traded mixed on Wednesday as investors reacted to US President Donald Trump’s proposal to impose 25% tariffs on imports of autos, semiconductors, and pharmaceutical goods. Concerns over trade tensions weighed on sentiment, while policy moves in New Zealand and Australia influenced regional markets. Meanwhile, Chinese economic data and…