Gold Rises on China’s Covid Shift, Signs of Cooler US Inflation
Gold rose, trading above $1,800 an ounce, as China removed more of its Covid-19 controls, piling pressure on the dollar as risk assets gained. China will no longer quarantine incoming travelers from early January, adding to the rapid reversal of strict pandemic rules and boosting sentiment toward Asia’s largest economy. Source: Bloomberg Stay Tuned with […]
Crypto Futures ETFs Raise Over $73 Million Ahead of Hong Kong Launch
Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted more than $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking U.S.-listed cryptocurrency futures comes despite the industry’s current problems. Hong Kong Debuts Bitcoin and Ether Futures ETF in Midst of Crypto Winter Two ETFs tracking crypto […]
Apple Looks Beyond China’s ‘iPhone Factory’ as Flirtation Sour
Taipei, Taiwan – Scenes of chaos erupted at Apple supplier Foxconn’s mega factory in Zhengzhou, China, last month as workers, angered by COVID-19 quarantine and unpaid wages, scuffled with security personnel. The unprecedented protests in “iPhone City” have caused significant delays for the latest iPhone models at the end of the year, Apple’s busiest sales […]
Mobile Payments Outperform Debit Cards in Argentina
Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this type of payment has thrived, accounting for 60% of payment transactions made, while plastic-based means of payment have stagnated, registering a drop in usage. Mobile Payments Keep […]
Biggest Merger Will Rattle India’s Debt Market as Top Seller Exits
The biggest merger in India’s history is likely to take one of its major issuers away from the rupee bond market, an absence that may weigh on debt sales and deal fees for banks. The consolidation of Housing Development Finance Corp. and HDFC Bank Ltd. will create a financial services giant of more than $200 […]
Argentina Organizes National Blockchain Committee to Implement State-Level Strategy
The government of Argentina has appointed a national blockchain committee to set the guidelines for a state-level blockchain adoption strategy. In a document, Argentina highlights the importance of this technology for the future and presents several use cases that would benefit from the introduction of blockchain for the country’s digital transformation. Argentina Forms National Blockchain […]
Investors Overseeing $5 Trillion are Betting That an Economic Downturn Can Be Avoided
Professional investors are loading up on bets that an economic downturn can be avoided despite all warnings to the contrary. It’s a dangerous gamble, for a variety of reasons. Money managers have been favoring economically sensitive stocks, such as industrial companies and commodity producers, according to a Goldman Sachs Group Inc. study on the positioning […]
Elon Musk Says Apple is ‘Fully’ Advertising on Twitter Again
Elon Musk said Apple Inc. has “fully resumed” advertising on Twitter Inc., further reducing a war between two of the world’s most influential tech companies. Musk made the comments during a Twitter Spaces conversation on Saturday, adding that Apple is the biggest advertiser on the social network. The billionaire, who gave no further details about […]
Pakistan Set to Pay $1 Billion Bonds as Default Risk Persists
Pakistan will pay a $1 billion bond on Friday, dodging the risk of a short-term default, even as concerns persist about its ability to repay its long-term debt. The government plans to make payment on Sukuk dollar bonds due Dec. 5, three days before maturity, State Bank of Pakistan Governor Jameel Ahmad said at a […]
China’s BYD to Launch Electric Vehicles in Mexico Next Year
Chinese electric vehicle maker BYD announced it will launch its cars in Mexico next year, with a senior executive setting its sales target at up to 30,000 vehicles by 2024. Next year, BYD will start selling all-electric versions of its Tang sport utility vehicle (SUV) alongside its Han sedan through eight dealerships across Mexico, the […]