Foreign holdings of US Treasuries declined in March, according to data released by the US Treasury Department on Monday, with Japan and China leading the reduction in exposure.Total foreign-owned US Treasuries fell 1.5% to $9.348 trillion in March from a record high of $9.487 trillion in February.Despite the monthly decline,…
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that peak demand hit 260.45 gigawatts (GW) on Tuesday, May 19, surpassing the previous day’s record of 257.4 GW. The back‑to‑back milestones highlight…
Polymarket and Kalshi, two of the biggest players in the prediction market, were some of the biggest winners overnight as Thomas Massie lost his election primary. Thomas Massie loses in Kentucky as Polymarket and Kalshi predictedMassie, who Trump regarded as the “worst Republican in the House of Representatives ever, lost handily…
British consumer price inflation slowed to 2.8% in April from 3.3% in March, according to official data released on Wednesday.The reading came in lower than economists’ expectations. Analysts polled by Reuters had largely forecast inflation to ease to 3.0%. The anticipated slowdown was mainly linked to large increases in utility…
British house prices were flat in the 12 months to March after recording a 1.7% increase in the year to February, according to data released by the Office for National Statistics on Wednesday.The latest reading marked the weakest annual performance since the year to April 2024, reflecting a slowdown in…
The European Parliament has approved new foreign direct investment (FDI) screening rules that were provisionally agreed in December with the Council of the European Union, the institution representing EU member states.The legislation still requires formal approval from the Council before it can enter into force 18 months later. Once implemented,…
Samsung Electronics is facing the threat of a large-scale labour strike after bonus payment talks between management and the company’s union collapsed.The strike, scheduled to begin on Thursday, could have major implications for South Korea’s economy and the global supply of memory chips.Around 48,000 workers are expected to participate in…
The European Commission on Thursday signed a memorandum of understanding with Ukraine on a macro-financial assistance programme, paving the way for a €3.2 billion disbursement expected in mid-June once the agreement is ratified by the Ukrainian parliament.The macro-financial assistance forms part of the European Union’s broader €90 billion financing scheme…
Analog Devices stock price has jumped by 52% this year and by 87% in the last 12 months, beating the broader market. This rally will be put to the test on Wednesday when it releases its financial results. It may also announce the Empower announcement as soon as today.Analog Devices…
Intuit stock price has moved sideways in the past few days as investors wait for its financial results, which will provide more information about its business amid the fears of AI disruption. INTU, the biggest accounting software company in the world, was trading at $403, down from the all-time high…