Asian Stocks Climbed on Bullish Wall Street Cue
Asian stocks climbed following a strong session on Wall Street on Tuesday, fueled by expectations that the Federal Reserve will soon indicate its readiness to...
Category : WORLD
AMD to Acquire Server Manufacturer ZT Systems for USD 4.9 Billion in Cash and Stock
AMD announced on Monday its intention to purchase ZT Systems, a server manufacturer, for USD 4.9 billion. The acquisition will expand AMD’s artificial intelligence chip...
Japanese Nikkei outperformed, Asian Stocks Ended on a Muted note
The Nikkei average in Japan performed well in trading as compared to other Asian stocks on Tuesday, August 13, 2024. Asian stocks stayed within a...
Foreign Investors Withdrew a Record USD 15 Billion from China Amid Economic Pessimism
Foreign investors withdrew a record USD 15 billion from China last quarter due to concerns about the country’s economy. This reflects the deep pessimism about...
China Successfully Test-Flies Largest Cargo Drone as Low-Altitude Economy Soars
China successfully test-flew its largest unmanned cargo aircraft designed for civilian use, marking a significant step in the nation’s development of autonomous aerial vehicles (UAVs)...
Oil Set for 3% Weekly Gain on U.S. Jobs Data Easing Recession Concerns, Mideast tensions
Oil prices went up on Friday, with Brent crude futures rising 22 cents to USD 79.38 per barrel and U.S. West Texas Intermediate crude futures...
US Dollar Near One-Week High on Jobs Relief; Yen Sinks
On Friday, the dollar stayed close to a one-week high compared to other major currencies. This came after the largest decrease in U.S. jobless claims...
Euronav Flagged U.S. Politics and China’s economy as Risks to Shipping Momentum
Euronav, a shipping company based in Belgium, predicts an increase in global sea trade this year due to changes in Red Sea shipping routes. The...
Bank of Japan Sends Strong Dovish Signal Amid Market Meltdown
Shinichi Uchida, the Deputy Governor of the Bank of Japan, sent a strong dovish signal amid historical financial market volatility by pledging to refrain from...
Food Prices Fall: Ending Grocery Greedflation and Shrinkflation
The consumer giants say that greedflation in grocery prices has reached its end in the US and Europe. Consumers are already, after a three-year stretch...
