Global markets moved cautiously in Asian trading as investors digested political upheaval in Venezuela, fresh trade tensions between Japan and China, and renewed rhetoric from Washington over Greenland. Oil prices extended losses, resource stocks diverged, and currencies held steady as traders looked ahead to key US economic data later this…
Japan’s top government spokesperson condemned China’s ban on exports of dual-use items as “absolutely unacceptable and deeply regrettable” on Wednesday, marking a significant escalation in the diplomatic dispute between Asia’s two largest economies.Dual-use items are defined as goods, software, or technologies possessing both civilian and military utility. A key example is…
Chevron and private equity group Quantum Energy Partners are teaming up on a bid to acquire the international assets of sanctioned Russian oil producer Lukoil, Financial Times reported, citing people familiar with the matter. The assets are valued by Lukoil at around $22 billion and include oil and gas production,…
China has rolled out a new set of e-commerce regulations aimed at controlling how its biggest online platforms compete, signalling a renewed push to stabilise a sector shaken by aggressive discounting and subsidy wars, said a Bloomberg report.The measures, unveiled on Wednesday, target business practices by major platforms that regulators…
Crypto mass adoption may be a matter of time as generational wealth shifts toward younger investors who are more open to digital assets, according to an executive at Galaxy Digital. The gradual transfer of wealth from older, more crypto-averse generations to younger, tech-savvy heirs could reshape investment preferences over the…
Elon Musk’s artificial intelligence start-up xAI has raised $20 billion in new funding in an upsized round that more than doubles its valuation since last spring, underscoring investors’ appetite for AI even as the company faces mounting criticism over the content generated by its technology.The company, which develops the Grok…
Tilray stock price has been highly volatile in the past few months as investors focused on Donald Trump’s cannabis reclassification efforts and its implications. It surged from $3.59 in June to a high of $23.16 in October. The stock then tumbled by 70% to $6.85 in December, then popped to $15.68…
Nio stock price remains in a deep bear market this year after falling by ~40% from its highest point this year. It has slumped to $4.86, erasing billions of dollars in value. A closer look shows that it is about to form a risky chart pattern, pointing to further downside.Nio…
The Nikkei 225 Index retreated by 1% today, Jan. 7, to ¥52,000, down from this week’s high of ¥52,590. It dropped as the ongoing geopolitical tensions between China and Japan escalated.The China-Japan crisis has escalatedThe Nikkei 225 Index dropped as investors reacted to the escalating geopolitical crisis between Japan and…
Crypto prices lost momentum today, January 7, as investors started to book profits. Bitcoin retreated to $92,670 after hitting a key resistance level at $94,500. The Crypto Fear and Greed Index has moved to near 50, while the Altcoin Season Index rose to 23.This article provides a prediction for top…