Economy

HSBC has named Pam Kaur as its new Chief Financial Officer (CFO), marking a historic first in the bank’s 160-year history. Kaur’s appointment follows the leadership reshuffle that saw Georges…

Citi Research has raised its three-month forecast for gold prices, citing a weaker labor market in the US and more rate cut expectations by the Federal Reserve.  The bank has…

Chancellor Rachel Reeves is set to deliver Labour’s first budget in 14 years on Wednesday, October 30. The speech, expected to begin at 12:30 UK time, will be closely watched,…

Billionaire Elon Musk has launched a bold initiative, promising to give away $1 million each day until the November 2024 election to individuals who sign an online petition supporting the…

The USD/THB exchange rate has been in a strong downward trend this year, making the Thailand baht one of the best-performing currencies in the emerging markets. It peaked at 37.25…

China has reduced its benchmark lending rates in an effort to stimulate economic growth and address a struggling housing market. The one-year loan prime rate (LPR) was lowered to 3.10%…

With nearly $10 billion worth of investments being pulled out, October has emerged as the worst month on record for Foreign Institutional Investors (FIIs) withdrawing from India’s stock market. The…

South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after…

The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin, bringing the project a step closer to becoming the UAE’s first regulated dirham-pegged stablecoin.…