Economy

UBS Global Wealth Management, the world’s largest wealth manager with US$6.2 trillion in assets under management, has cut its forecast for Chinese equities due to rising concerns over potential US…

The UK economy has faced its share of ups and downs recently, with changes in unemployment, wage growth, and business sentiment shaping the outlook.  Yet, despite signs of a cooling…

President-elect Donald Trump announced on Tuesday that Tesla chief Elon Musk and former Republican presidential candidate Vivek Ramaswamy will head the newly created Department of Government Efficiency (DOGE). With this…

Gold prices continued to fall on Tuesday as a stronger dollar weighed on sentiments among investors.  A stronger dollar makes commodities priced in the greenback more expensive for overseas buyers,…

Donald Trump’s recent presidential victory has set off significant enthusiasm in the cryptocurrency market, particularly for Bitcoin ETFs. His pledge to establish the US as the “crypto capital of the…

In an era of escalating prices, the struggle to make ends meet is impacting even those with seemingly comfortable incomes. A recent Bank of America analysis reveals a surprising reality:…

The sell-off in the gold market has continued this week as the dollar surged after Republican Donald Trump’s victory in the 2024 US presidential elections.  Analysts, however, believe that the…

US equity benchmarks rose slightly on Friday as investors assessed the Federal Reserve’s interest rate cut on Thursday.  The US Fed cut interest rates by 25 basis points on Thursday,…

Donald Trump’s re-election as US President has quickly reignited debates over America’s foreign policy direction, particularly concerning the Ukraine conflict.  In a recent discussion with the Ukrainian President, Trump has proposed…