Gold prices had surged to an unprecedented high last week, breaking the $2,900 per ounce barrier for the first time. The surge is largely attributed to escalating trade tensions between major economies, which have triggered a flight to safety among investors. Gold, traditionally viewed as a safe-haven asset, tends to attract investment…
Iron ore prices experienced a significant surge on Friday on the Singapore Exchange, reaching nearly $109 per ton. This price point marks the highest level observed for iron ore since October of the previous year, signaling a potential rebound for this crucial industrial commodity. The increase in iron ore prices could be…
Japan’s economy expanded at an annualized 2.8% in the October-December quarter, surpassing market expectations, as robust capital spending and resilient consumer demand supported growth, government data showed on Monday. The stronger-than-expected performance reinforces optimism about the country’s economic recovery, even as trade uncertainties persist.The latest gross domestic product (GDP) figures…
Asian markets remained muted on Monday as a Wall Street holiday kept trading volumes low, while the US dollar weakened following disappointing retail sales data. Meanwhile, Tencent shares surged after announcing AI-related advancements in its Weixin messaging app.Investors kept a cautious stance as geopolitical tensions remained in focus, with reports…
The Nifty 50 and Sensex indices extended their losing streak on February 17, marking the ninth consecutive session of declines. This continued slump is largely attributed to persistent foreign institutional investor (FII) sell-offs, a weakening rupee, and concerns over the impact of reciprocal tariffs on Indian exports imposed by US…
South Korea’s data protection authority has announced a suspension of new downloads for the Chinese AI app DeepSeek, citing the app’s failure to comply with the country’s stringent privacy regulations. The decision, which took effect on Saturday, follows an acknowledgment by DeepSeek that it did not fully adhere to South…
Presidents Day, set for Monday, 17 February 2025, is a federal holiday in the United States, leading to widespread closures in key financial and government services.While retail businesses, restaurants, and grocery stores remain open, major institutions such as the stock market, banks, and post offices will shut operations for the…
The US Securities and Exchange Commission (SEC) has put its fraud lawsuit against Geosyn Mining on hold, citing the ongoing federal criminal case against the company’s executives. The decision marks a rare instance where the SEC has paused enforcement proceedings at the request of the accused, underscoring how federal prosecutions…
The Hong Kong government has responded to inquiries regarding the use of cryptocurrencies as proof of wealth for its immigration scheme, offering a nuanced response that leaves the door open for digital assets to play a role in attracting global talent and capital.The response follows public statements by Clement Siu,…
For Polygon Labs, the research and development arm of Polygon, 2024 was a breakthrough year, driven by Polymarket’s mass adoption during the US presidential elections.2025 kicked off strong as Polygon Labs partnered with Jio Platforms, the digital arm of Reliance Industries, to bring Web3 to over 450 million Jio users,…