Asia’s inflation buffers weaken
Today we look at how Asia’s anti-inflationary defenses are weakening. What big central banks are doing this week? And how are global imbalances widening? The worst to come Many Asian economies have managed to protect their citizens. The protection is from rising energy and food prices that are sweeping the global economy. The global economy […]
Binance launches new platform for VIP and Institutional Crypto investors
Global cryptocurrency exchange Binance on Thursday. Global cryptocurrency exchange announced the launch of “Binance Institutional”. Binance Institutional is a new platform for VIP and institutional cryptocurrency investors. It’s one of Binance’s efforts “to improve its institutional offerings and services”. It says by the exchange. Binance Institutional’s services are designed for all types of institutions, as […]
Indonesia says Foxconn could invest in projects for the new capital
Indonesia said Foxconn Technology Group is considering investing in the country’s new capital. This move would bolster the $34 billion construction project. The Taiwanese company is considering establishment. They established an electric bus system and an Internet of Things network in Nusantara. Investment Minister Bahlil Lahadalia said in a statement on Sunday. Young Liu is […]
The new Lime Gen4 electric rental bike
Move Electric has already had the first trip on the new electric rental bike that features improved motor power and gears. Ride-sharing firm Lime has started launching its latest Gen4 e-bikes. Gen4 e-bikes have improved engine power and new two-speed automatic gears. In London, Move Electric has already had the first ride. The new rental […]
Three Charts show problems for Indian Stocks approaching a bear market
The rising inflation and the end of easy-money global policies cause Indian stocks to spiral down from all-time highs. This pain is unlikely to end anytime soon. The S&P BSE Sensex index has fallen more than 15% since its October high. It is approaching the 20% loss denoting a bear market. The sell-off comes due […]
IMF warns of risks of slowing Covid vaccination rates in China
The International Monetary Fund (IMF) called on China. The call is to speed up its coronavirus vaccination program. IMF gives a warning that the sharp slowdown in the pace of new doses administered. As a result, this administration could undermine the recovery in consumer spending in the economy. At the current rate, providing three doses […]
Shopify unveils new tools for e-commerce
Shopify Inc has launched new tools. New tools will help its merchants sell to other businesses. On Twitter, as the Canadian tech giant tries to shore up sales to counter a post-pandemic slowdown in online shopping. More than 100 new tools were unveiled on Wednesday. These tools include those supporting its plans to boost business-to-business. […]
Asian markets mostly lower ahead of the US holiday
Asian markets were mostly lower in cautious trading on Monday ahead of a federal holiday in the United States. It Concerns inflation and the risks of a global recession of the central bank’s efforts to rein in it. It appeared to outweigh Wall Street’s positive close on Friday. Stocks fell in most major markets but […]
Global food inflation gets reprieve as wheat to palm oil tumble
Agricultural commodities fell as traders weighed a better outlook for global food supplies. The supplies with signs pointing to Indonesia. It is for growing palm oil exports and a large harvest of Russian wheat this season. Palm oil plunged further into a bear market. Palm oil fell about 9% on Monday and another 1.8% on […]
China Scolds Sinopec after second Fatal Accident
Chinese regulators summoned Sinopec Group executives to a meeting on Monday. The meeting was held after the oil giant suffered its second fatal accident this month. Meeting said the episodes had “seriously affected people’s sense of safety.” Officials told Sinopec that the accidents “had a bad influence” on the public. Accidents did not meet the […]