Economy

US markets closed largely unchanged on Wednesday after the US Federal Reserve kept interest rates unchanged. The central bank opted to maintain its benchmark interest rate at its current level,…

Nippon Steel’s CEO stated on Thursday that the US government’s golden share in US Steel will not impede the Japanese steelmaker from taking any management actions it deems appropriate.Confirming the…

Hong Kong stocks tumbled sharply on Thursday as rising geopolitical tensions in the Middle East and the US Federal Reserve’s cautious stance on interest rates triggered a wave of risk…

The Switzerland National Bank (SNB) cut interest rates by 25 basis points to 0% on Thursday, deepening its dovish stance amid renewed concerns over deflation and persistent strength in the…

The World Bank has reported that foreign direct investment (FDI) flows into developing economies plummeted to $435 billion in 2023, marking the lowest level since 2005.This alarming decline, detailed in…

With growing momentum to bridge the gap between traditional banking systems and the world of cryptocurrencies, global stablecoin adoption is at an inflection point.According to the World Economic Forum, stablecoin…

The International Energy Agency (IEA) announced on Tuesday that global oil demand is projected to continue increasing until approximately 2030. Demand growth is anticipated even with China, the leading oil importer,…

US stocks have been in rather volatile in recessions sessions amidst rising tensions between Israel and Iran, particularly because the latter plays a central role in the global oil supply…

In a major legislative breakthrough for the cryptocurrency industry, the United States Senate on Tuesday passed the GENIUS Act, the first federal law to set guardrails for US dollar-pegged stablecoins.…