Cash Crunch Hits China As Overnight Rates Soar Ahead Of Lunar New Year
Chinese financial institutions face a cash crunch as overnight borrowing costs spike to 16% ahead of the Lunar New Year, raising concerns about the economy and bond market.
Chinese financial institutions face a cash crunch as overnight borrowing costs spike to 16% ahead of the Lunar New Year, raising concerns about the economy and bond market.
Google integrates Gemini into Workspaces, revising pricing structures to enhance accessibility of AI features while slightly increasing costs for some users.
Market reactions to the latest U.S. inflation data have significantly impacted commodity prices, particularly oil and the dollar. As inflation shows signs of cooling, traders are adjusting their strategies, leading to fluctuations in various markets.
Malaysian property developer Antharas has filed for a $6 million IPO, aiming to list on Nasdaq under the symbol AAS. The company, founded in 2017, reported $18 million in revenue for the year ending June 30, 2024.
Explore the latest earnings call highlights from major companies, including Bank of America, Morgan Stanley, and JPMorgan Chase, showcasing impressive financial performances and a positive economic outlook.
Explore how recent inflation data is influencing stock market performance globally, with insights on bond yields and the impact of political changes.
Intel announces the spin-off of its corporate venture arm, Intel Capital, into a standalone fund to enhance innovation and attract external capital.
Explore the latest insights and forecasts for the gold market, highlighting its role as a strategic reserve amidst global conflicts and economic uncertainties.
Healthcare dealmakers are optimistic about a resurgence in mergers and acquisitions (M&A) as they gather for the annual JPMorgan Healthcare Conference in San Francisco, anticipating a wave of deals exceeding $10 billion.
Gold prices fell 1% as robust U.S. jobs data strengthened the dollar, impacting market expectations for interest rate cuts.
The Biden administration has proposed new restrictions on AI chip exports, categorizing countries into three groups and imposing caps on sales, raising concerns about global innovation.
Japan is set to maximize nuclear power in its clean-energy strategy, aiming for 20% of energy supply by 2040 while boosting renewables to 40-50%. This shift addresses rising electricity demands and climate goals.
Warren Buffett invests over $500 million in three companies, including Occidental Petroleum, amid a historically pricey stock market.