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Economy
China's yuan has surged past the critical 7-per-dollar threshold in onshore trading for the first time since 2023, reaching 6.9960 on Tuesday amid evident concerns from authorities over the currency's sharp strengthening. This milestone reflects mounting pressures on Beijing to balance export......
World stock markets ended 2025 at record highs, marking a powerful conclusion to a year dominated by optimism over central bank easing and strong advances in the technology and commodities sectors. Investors worldwide pushed shares to unprecedented levels amid growing conviction that the Federal Reserve’s......
Bitcoin’s sharp post-holiday downturn sparked a wider selloff across crypto-linked equities, extending pressure on a market already grappling with thin trading volumes and post-Christmas volatility. Within an hour, the world’s largest cryptocurrency shed nearly $3,000, triggering automated......
A fully loaded Panama-flagged oil tanker has returned to Venezuelan waters after the United States intensified its maritime blockade targeting the country’s oil exports. The vessel, initially bound for foreign ports, reversed course following reports that the U.S. Coast Guard intercepted several......
The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint......
Gold prices smashed through $4,500 per ounce on Wednesday, hitting a historic high of $4,525, as silver raced to $72.70 per ounce in a blistering year-end rally that delivers gold its strongest annual gain since 1979 at over 70 percent. Escalating frictions between the United States and Venezuela, marked......
Gold reached a historic milestone on Wednesday, climbing above 4,500 dollars an ounce for the first time, driven by mounting geopolitical tensions and expectations of future interest rate cuts in the United States. The precious metal, traditionally seen as a safe-haven asset, rose to a peak of 4,519.78......
A growing number of Russian oil tankers are stuck at sea as sanctions, logistical bottlenecks, and recent attacks in the Black Sea intensify bottlenecks across Asian ports. The disruptions highlight the growing strain on Russia’s so-called “shadow fleet” a network of aging vessels......
Asian markets advanced sharply on Tuesday as strong gains in the technology sector and record-breaking precious metal prices lifted investor sentiment ahead of the holiday season. The rally followed global momentum from Wall Street, where major U.S. indexes extended their winning streaks, reinforcing......
Gold prices reached a new all-time high on Monday, climbing to $4,383.76 per ounce, surpassing the previous record set in October. The surge comes as investors increasingly expect further interest rate cuts by the US Federal Reserve next year. Recent economic data released in the United States point......
Gerry Cardinale, founder of RedBird Capital Partners, has sharply criticized the Warner Bros. Discovery board following its rejection of Paramount’s $108.4 billion bid. Cardinale accused the board of distorting the facts surrounding the financial structure of the offer, calling its statements “a......
Europe’s central bank is navigating two parallel challenges as it seeks to balance financial innovation and stability: tightening oversight of private digital currencies and advancing the development of a digital euro. European Central Bank President Christine Lagarde highlighted both issues during......
Gold prices steadied close to their record peak on Thursday, while silver and platinum continued to test fresh highs as investors awaited key US inflation data and central bank decisions that could shape global monetary policy through year-end. Spot gold hovered around 4,334 dollars an ounce, roughly......
