Gold’s record-setting price run continued this week, with yet another new all-time high in the books. Silver also fared well, breaking US$42 per ounce. According to Bloomberg, gold has now also surpassed its inflation-adjusted all-time high of US$850 per ounce, which it set more than 45 years ago on January…
The final pieces of the puzzle have fallen into place, and the verdict is in: the Federal Reserve is going to cut interest rates. That growing certainty has unleashed a powerful and unified wave of optimism across the globe, sending Wall Street to new all-time highs and fueling a potent…
A day of significant developments is underway across the Asia-Pacific, as a Wall Street giant makes a key strategic hire in Hong Kong, a top investment bank flags a bullish trend in China’s secretive oil market, and a major cyberattack in Vietnam raises fears of a massive personal data breach.These…
The International Energy Agency reported on Friday that the projected development of low-emissions hydrogen projects by 2030 has decreased by nearly a quarter. This decline is attributed to a combination of project cancellations, increasing cost pressures, and uncertainty surrounding policy.The IEA’s Global Hydrogen Review indicates a revised projection for low-carbon fuel…
Gold’s price action offers significant insights into the global economy and financial markets, demonstrating that it is more than merely a safe haven asset, according to Amy Gower, Metals & Mining Commodity Strategist at Morgan Stanley.“Gold has always been the go-to asset in times of uncertainty,” Gower was quoted in…
Vietnamese authorities have confirmed a cyberattack on the National Credit Information Center (CIC), raising concerns about the safety of personal and financial data across the country’s lending sector. The breach, detected on 10 September, is now being treated as a major threat to Vietnam’s centralised credit reporting system, which underpins…
Alibaba shares rallied on Friday after the Chinese technology giant unveiled a series of initiatives to expand its artificial intelligence and cloud capabilities, reinforcing investor confidence in its long-term growth trajectory.The company’s Hong Kong-listed stock rose 5.9% to HK$151.80, equivalent to US$19.49, by midday, placing it on track for its…
Ocado’s share price fell sharply on Friday after US grocery partner Kroger signalled a strategic rethink of its warehouse investments, triggering concerns over the British online grocer’s growth prospects in the world’s largest retail market.The stock dropped more than 11% in London trading, extending a recent slide that has wiped…
The GBP/USD exchange rate held steady as investors reacted to the latest UK inflation expectation and GDP numbers. It was trading at 1.3537, as focus now shifts to the upcoming Bank of England (BoE) and Federal Reserve interest rate decisions. It has risen by about 12% above the lowest level…
The United States and India are capturing global attention this September with a sudden burst of diplomatic momentum, turning the page on months of friction. After weeks of tariff tit-for-tat and heated rhetoric, both sides have hit “reset,” and the world is watching.US ambassador-designate to India Sergio Gor told the…