South Korea’s Central Bank Surprises Markets by Holding Rates Steady
South Korea’s central bank, the Bank of Korea (BOK), made the surprising decision to maintain its benchmark policy rate at 3%, following two back-to-back rate cuts in previous meetings. This…
Goldman Sachs CEO Optimistic Despite IPO and M&A Market Challenges
The landscape of public companies in the United States has undergone significant transformation over the past quarter-century. Currently, there are approximately 3,800 public companies, a sharp decline from 13,000 just…
India’s Inflation Drops to 5.22%, Marking the Lowest Level in Four Months
India’s inflation rate eased to 5.22% in December, marking the lowest level in four months, driven by a decline in food prices, according to the National Statistical Office (NSO). This…
Southern Japan Jolted by 6.9 Magnitude Earthquake, Triggers Tsunami Advisory
A powerful earthquake with a preliminary magnitude of 6.9 struck southern Japan on Monday night, sending tremors through the region and prompting tsunami advisories. The seismic event occurred at 9:19…
Spain Targets Non-EU Property Buyers with Bold Tax Plan
Spain is set to introduce a groundbreaking tax on properties bought by non-residents from countries outside the European Union. Prime Minister Pedro Sánchez announced this ambitious measure alongside a series…
UK Chancellor Rachel Reeves Embarks on Trade Mission to China
Rachel Reeves, the UK Chancellor, embarks on a significant trade mission to China, aiming to bolster economic ties and explore investment opportunities. Her visit comes at a time when the…
China Reports Surprising Trade Growth in December
China’s trade figures for December have revealed surprising growth, with both exports and imports exceeding analysts’ forecasts. In a month marked by heightened trade tensions and anticipation of new tariffs…
IRS Launches 2025 Tax Season with Expanded Free Filing Options
The Internal Revenue Service (IRS) announced on Friday that the 2025 tax filing season will officially commence on January 27. This date marks the first opportunity for individuals to submit…
Michelle Bowman Advocates Final Interest Rate Cut Amid Economic Caution
Michelle Bowman, a member of the Federal Reserve’s Board of Governors, has expressed her support for the recent interest rate cuts while advocating that the December reduction should be deemed…
eBay Shares Surge as Meta Expands Facebook Marketplace Integration
eBay shares experienced a significant boost, soaring 12% on Wednesday, following Meta’s announcement to expand Facebook Marketplace by allowing some eBay listings to appear on the platform. This strategic move…
U.S. Designates Tencent and CATL as Military Companies, Shares Plunge
Tencent Holdings and Contemporary Amperex Technology Co. Ltd. (CATL) have faced significant stock declines following their recent designation as “Chinese military companies” by the U.S. Department of Defense (DoD). This…
Volkswagen and Xpeng Unite to Revolutionize EV Charging in China
Volkswagen and Xpeng have announced a strategic partnership aimed at enhancing the electric vehicle (EV) infrastructure in China. The collaboration, formalized through a memorandum of understanding, will focus on developing…
ShibaSwap Advances with Comprehensive Upgrade on Shibarium Blockchain
ShibaSwap, the decentralized exchange synonymous with the Shiba Inu ecosystem, has launched a significant update, transitioning its operations to the Shibarium blockchain. This move is poised to revolutionize the platform…
Singapore’s Strategic Move Towards AI: Navigating Adoption Challenges
Singapore‘s commitment of $1 billion to enhance its artificial intelligence (AI) capabilities signals a pivotal moment in the nation’s journey towards socio-economic transformation and heightened global competitiveness. This substantial investment…
Japan Secures Early Triumph in Global Semiconductor Manufacturing Competition
When Taiwan Semiconductor Manufacturing Co (TSMC) announced its ambitious plan in 2022 to construct a new semiconductor fabrication plant in Japan, aiming for production to commence in 2024, skepticism abounded.…
China Initiates Legislation to Bolster Private Sector Confidence
In a significant policy move, China has embarked on the drafting of a new law aimed at fostering the growth and development of the private-sector economy. This initiative represents the…
Worldwide Debt Soars to Unprecedented $313 Trillion, According to Institute of International Finance
In a remarkable reflection of the global economic landscape, worldwide debt levels have surged to a historic peak of $313 trillion in 2023, as reported by the Institute of International…
Bank of Korea Governor Resists Premature Interest Rate Cut Discussions
Bank of Korea (BOK) Governor Rhee Chang-yong stands firm against the anticipation of an imminent interest rate reduction, despite a board member’s suggestion of a potential policy easing within the…
S&P Foresees 9% Ringgit Recovery by Year-End
S&P Global Ratings has projected a notable 9% appreciation in the Malaysian ringgit by the conclusion of this year, emphasizing that the currency’s current weakness does not threaten the nation’s…