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Economy



China's sovereign fund sells $67 billion in ETFs to curb market surge

Global equity funds saw their largest-ever outflows last week, driven by unprecedented withdrawals from China as Beijing's sovereign fund shifted from market support to actively cooling speculative gains. For the week ending January 22, worldwide stock funds recorded $43.2 billion in exits, with......

Bitcoin plunges below $88,000 with $100 million liquidated in one hour

Bitcoin dropped under $88,000 on Sunday, sparking over $100 million in futures contract liquidations across cryptocurrency markets in just one hour amid fresh selling pressure. This sharp reversal followed the digital asset's weekly high above $92,000 on January 19. Data from derivatives analytics......

Gold surpasses $5,000 for the first time amid dollar weakness

Gold prices shattered the $5,000 barrier for the first time on Monday, soaring to a record high above $5,100 per ounce as investors flocked to safe-haven assets. This surge unfolded against a backdrop of a weakening US dollar and mounting speculation about a potential joint intervention by the United......

Canada has no intent to pursue free trade with China, Carney says

Canadian Prime Minister Mark Carney stated Sunday that Canada holds no intention of seeking a free trade deal with China, rebuffing President Donald Trump's threat of 100% tariffs on all Canadian goods if Ottawa inks a broader trade pact with Beijing. "We have no intention of doing so with......

US dollar hits four-month low amid political turmoil flight

The U.S. dollar index plunged to 97, its lowest in four months, on Monday as speculation mounted over potential joint U.S.-Japanese currency intervention and investors shed dollar-denominated assets amid lingering uncertainty from the Trump administration. The greenback's drop extended a rough week,......

Bitcoin plunges below $89,000 as analysts forecast deeper declines

Bitcoin tumbled below $89,000 on January 23, with seasoned traders issuing stark warnings of steeper losses ahead. The cryptocurrency traded at around $88,959 according to CoinStats data, reflecting a weekly drop of nearly 7 percent. This downturn unfolded even as precious metals like gold and silver......

Bitcoin drops below key threshold amid bearish signals

Bitcoin has slipped beneath a critical technical level this week, fueling comparisons to the 2022 bear market as multiple on-chain metrics point to worsening market conditions and persistent selling pressure. Blockchain analytics firm Glassnode reports that the cryptocurrency fell under the 0.75 quantile......

Solar stocks surge worldwide amid tax credit rush and Musk's space solar vision

Global solar energy stocks skyrocketed on January 22 and 23, 2026, fueled by developers racing to secure U.S. tax credits before looming deadlines and Elon Musk's announcement at the World Economic Forum in Davos about SpaceX launching AI-powered satellites fueled by space-based solar energy in the......

EU, US, and Ukraine near post-war economic prosperity deal

European Commission President Ursula von der Leyen revealed that the European Union, the United States, and Ukraine stand on the brink of sealing a unified Prosperity Framework to steer Ukraine's economic recovery after the war. This breakthrough emerged from an informal EU leaders' gathering......

Silver surges to record highs amid China's export curbs

Silver prices have shattered historical records in early 2026, soaring past $90 per ounce for the first time ever. This unprecedented rally stems from persistent supply shortages, fresh Chinese export restrictions, and a rush of safe-haven buying, creating what experts describe as the most intense pressure......

China sets yuan below 7 per dollar for first time since 2023

Asian currencies showed mixed performance on January 23 as the dollar headed for its sharpest weekly drop in months, with gains in China's yuan and Malaysia's ringgit offsetting fresh record lows for India's and Indonesia's rupees. The dollar index hovered near 98.3 and faced a roughly......

US control of Venezuelan oil jeopardizes debt repayments to China

The United States' seizure of Venezuelan oil exports has stranded shipments intended to settle the South American nation's substantial debt to China, setting the stage for a potential showdown between the two global powers. This move threatens to further delay Venezuela's efforts to emerge......

Global leaders clash over trade, tariffs and technology at Davos

World leaders, top policymakers and corporate executives convened in Davos, Switzerland, for the 56th annual meeting of the World Economic Forum, held under the banner of promoting dialogue at a moment of deepening geopolitical rifts and economic uncertainty. Over the course of the week, nearly 3,000......

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