Corporate news, financial markets, and economic trends
Back in the spotlight as one of the leading safe-haven investments, gold prices are on their way to posting weekly gains, following the latest escalation of tensions in the Middle East and the release of further unclear statements by both Israel and Hezbollah. As the investor seeks refuge with the yellow metal, its price is…
The U.S. Pentagon, in collaboration with the Small Business Administration (SBA), is set to inject billions of dollars into small businesses after all new investor licensing from the SBA, especially under the Small Business Investment Company Critical Technologies Initiative (SBICCT). This exciting move further seeks to strengthen national security, which is achieved in tandem with…
Tokyo Metro Co. had a spectacular stock market debut following its IPO, which managed to raise ¥348.6 billion ($2.3 billion), topping the largest IPO in Japan since 2018. Shares rose as high as 47% above the IPO price of ¥1,200 to reach highs of ¥1,768 during early trading. The dazzling debut speaks of strong interest…
As we move into 2024, the world economy shifts its fault lines, from price problems such as inflation to politics and debt. Even though inflationary pressures have eased somewhat compared with crises of recent years, new economic challenges are starting to appear, first and foremost driven by political tensions, high levels of debt, and a…
China announced it will continue implementing a new round of rate cuts – which is aimed at encouraging its slowing economy, which probably is going to slide to an estimated 5% growth in 2024. The People’s Bank of China or the PBC has significantly reduced the rates of lending with the five-year LPR was set…
While the global economy is still under great stress, there are some signs of stabilization, so it’s not time to celebrate just yet, particularly low growth and increased public debt, says IMF Managing Director Kristalina Georgieva. These are the issues at the top of the agenda for governments, policymakers, and international institutions, which have launched…
Recently again, Ray Dalio, of the world’s largest hedge fund Bridgewater Associates, again reiterated the critical necessity for China to do some balanced deleveraging of its swelling debt. He refers to it as “beautiful deleveraging,” where deleveraging will include decreased debt burden and keep the economy stable, or, in his words, “”increased potential prospects of…
A new report by Tax Justice Network has revealed that the British Overseas Territories have finally taken over as the world’s largest enablers of corporate tax abuse. The study on the international scale of tax avoidance by the organization concentrates on the territories, among which are the British Virgin Islands, the Cayman Islands, and Bermuda,…
China said it is raising its financial support program for the real estate projects on the “whitelist.” The move in China should stabilize its struggling property market, weighed down by debt and buyer confidence. Ministry of Housing and Urban-Rural Development (MOHURD) Chairman Ni Hong confirmed financing for those projects would rise to 4 trillion yuan…
Beijing currently faces a heightened stage of volatility in its stock market after the manifestation of investors increasing concern over China’s economic direction. For instance, declines in the CSI 300 and Shanghai Composite Index indicate some of the challenges that lie in Chinese equities. The correction reflects a broader sentiment of uncertainty as investors eagerly…
