Economy – Page 91 – Golden Financier

Economy

Billionaire boom: Wealthiest individuals are growing richer and more numerous than ever

The world’s billionaires are richer and more numerous than ever, with their collective wealth reaching unprecedented levels. According to the 2023 Billionaire Census by Altrata, the global billionaire population grew…

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Economy

Adani stocks plummet, bond offering pulled as Gautam Adani faces US bribery allegations: what’s next?

Adani Group stocks experienced a sharp and widespread selloff on Thursday after US prosecutors announced bribery and fraud charges against Gautam Adani and seven associates. The charges, unveiled late Wednesday,…

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Economy

Is Russia’s war economy sustainable or is it heading for disaster?

Russia’s economy is showing cracks as the country struggles to sustain its military operations in Ukraine. Officially, Russia’s GDP grew by 3.6% in 2023, with similar growth expected this year.…

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Economy

Dow, S&P 500 slip as Russia-Ukraine tensions spook market; Walmart hits new high, Super Micro soars

Wall Street major averages slipped on Tuesday as increasing geopolitical tensions spooked traders. At the time of writing, the Dow Jones Industrial Average dipped 0.9%, while the S&P 500 index…

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Economy

China’s crossroads: a decision that will define its economic future

For years, China’s economy was focused on short-term growth, often at the expense of addressing deeper structural flaws. From its struggling property sector to a reliance on state-owned enterprises, the…

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Economy

Japan’s exports rise, but trade deficit widens to $3 billion

Japan’s trade balance remained in the red for the fourth consecutive month in October, with a deficit of 461 billion yen ($3 billion). This continued shortfall highlights the challenges posed…

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Economy

Bitcoin ETF options fuel US crypto market surge

The launch of options tied to BlackRock Inc.’s $44 billion iShares Bitcoin Trust has set the stage for potential record-breaking moments for Bitcoin. On Tuesday, Nasdaq Inc. reported the trading…

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Economy

Will gold soar or stumble? Conflicting forecasts for 2025

After encountering a turbulent last week where prices had fallen by 4.6%, gold seems to have regained some of its momentum. Though prices have climbed more than 30% this year,…

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Economy

Brazilian real strengthens as hawkish central bank bets and fiscal cuts boost BRL/USD

The Brazilian real strengthened to 5.76 per USD in November, fueled by hawkish expectations for the Brazilian central bank and anticipation of major fiscal spending cuts from the government. Brazil’s…

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Economy

Why are LNG tankers diverting from Asia to Europe?

Cargoes carrying liquefied natural gas (LNG) have been diverted from Asia to Europe in the past few days, Reuters quoted data from analytics firm Kpler on Monday. According to the…

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