Global Trade
China Evergrande Shares Surge 50% on $3.2B Revamp
In a significant turn of events, China Evergrande New Energy Vehicle Group (NEV) witnessed a remarkable surge of nearly 50% in its shares on Tuesday....
US Stock Market Reacts to Economic Contrasts
The US stock market faced a tumultuous start to the week as investors grappled with contrasting narratives from opposite ends of the economic spectrum. On...
Crude Oil Prices Dip Amidst Growth Worries
In a slight setback to the recent bullish trend, crude oil prices underwent a minor decline of less than 1% on Monday. The dip comes...
Mastercard Boosts MTN’s Fintech in $5.2B Valuation Deal
In a strategic move to tap into Africa’s burgeoning fintech sector, Mastercard Inc. has announced its agreement to acquire a minority stake in the financial-technology...
Demand Erosion in China Sparks Tesla Stock Decline
In a recent development highlighting a decline in electric vehicle (EV) demand within China, Tesla (TSLA) stocks experienced a notable dip on Monday. The automaker’s...
Consumer Brands Grapple with Price Hikes as Inflation Wanes
In the midst of an unprecedented surge in inflation, major consumer brands in the United States defended their pandemic-induced price hikes by attributing them to...
U.S. Wholesale Prices Buck Inflation Trend, Rise Modestly in July
In a welcome shift, U.S. wholesale prices experienced a notable uptick in July, signaling a potential reversal of the alarming inflation surge witnessed over the...
Investors Flock to U.S. Treasury Funds on Yield Appeal
U.S treasury funds and bonds have managed to defy lackluster economic projections and capture remarkable levels of investment attracting investors throughout 2023. According to insightful...
Energy Market Whirlwind: US Gasoline Prices Surge, Casting Shadow on Biden’s Prospect
In a rollercoaster ride for American motorists, gasoline prices in the United States surged to an unprecedented peak of $5 per gallon last June, only...
UBS Group Ends Swiss Government Agreement, Paves Smooth Path for Credit Suisse Integration
UBS Group AG has made a significant decision to terminate an agreement with the Swiss government regarding potential losses stemming from the rescue of Credit...
