Gold prices rose slightly on Monday, but the precious metal is likely to struggle to make further gains amid improved market sentiment. Expectations of more frequent and sooner-than-anticipated interest rate cuts by the US Federal Reserve (Fed) could weaken the greenback. This, in turn, may support dollar-denominated commodity prices, as a softer…
Ahead of a planned listing of its international unit on the Hong Kong stock exchange, Zijin Mining, a leading Chinese gold and copper miner, has agreed to acquire a project in Kazakhstan for $1.2 billion.In a significant announcement to the Hong Kong bourse on Monday, the company articulated a strategic…
European stock markets started the trading week with modest gains on Monday, with the pan-European Stoxx 600 index edging higher as a newly effective trade deal between the United Kingdom and the United States provided a positive catalyst. This comes amid a broader trend that saw European equities dramatically outperform…
Robinhood Markets Inc (NASDAQ: HOOD) has had a staggering 150% rally over the past three months that’s pushed its market cap well past $73 billion.Once dismissed as a meme-stock darling, HOOD is now being re-evaluated as a serious contender in the fintech space, thanks to a potent mix of product…
Growth in borrowing by businesses and households in Europe is showing signs of levelling off, indicating a slower transmission of monetary easing through the lending channel, ING Group said on Monday.To better reflect recent developments, ING prefers to analyse shorter time frames for bank lending growth, unlike the European Central…
India’s largest rare earth magnet importer, Sona Comstar, intends to begin domestic production of these essential electric vehicle components. This initiative aligns with a government drive to incentivise local manufacturing, particularly as China implements restrictions on their export.In response to US tariffs, China, the source of approximately 90% of the world’s…
European stock markets started the trading week with modest gains on Monday, with the pan-European Stoxx 600 index edging higher as a newly effective trade deal between the United Kingdom and the United States provided a positive catalyst. This comes amid a broader trend that saw European equities dramatically outperform…
LeverFi rose to the spotlight last week after Binance announced it would delist it and four other altcoins on July 4, triggering mixed price performances in these tokens.While removal from a top trading platform hurts crypto projects, the latest blockchain transactions from LeverFi have magnified worries among LEVER holders.Notably, the…
Japan’s Metaplanet Inc. has intensified its aggressive Bitcoin (BTC) strategy, acquiring an additional 1,005 BTC and issuing ¥30 billion in zero-interest ordinary bonds to expand its holdings even further.The Tokyo-based company disclosed the move in a public filing on June 30, confirming that it spent ¥15.648 billion (approximately $108 million)…
Metaplanet stock price has surged this year, making it one of the best performers in the Nikkei 225 Index. It surged by over 10% on Monday, taking it closer to its all-time high of ¥1,925. It has soared by over 460% from its lowest point this year, giving it a…