To sustain its vital oil revenue amid Israeli attacks, Iran is reportedly maintaining crude oil supplies by loading tankers individually and repositioning its floating oil storage closer to China, according to a Reuters report.Last week’s conflict between Iran and Israel presents a new challenge for Iran. Iran employs a “shadow fleet”…
JPMorgan Chase and other fund managers are swarming into emerging markets as volatility clouds global financial assets amidst the escalating Israel-Iran conflict, according to a recent Bank of America survey.Emerging markets were hit rather significantly in April after the Trump administration announced unprecedented tariffs on the bloc.However, with the 90-day…
The International Monetary Fund warns that Europe is slipping into stagnation without massive efforts to change the tide. The rising geopolitical risks, slow growth and weak investments are the main risks that plague Europe.Europe’s GDP slowdownThe Washington-based institution pointed to trade tensions and weak demand as primary inhibitors of economic momentum,…
Brazil’s Central Bank hiked its benchmark interest rate, the Selic, to 15%, the highest since 2006, suggesting a firm stance against ongoing inflationary pressures. The decision, made following the most recent meeting of the Monetary Policy Committee (Copom), represented the seventh consecutive increase, this time by 0.25 percentage points. According…
Elon Musk’s artificial intelligence venture, xAI, and its acquisition of the social media platform X, formerly known as Twitter, valued at $33 billion, have drawn heightened scrutiny from European Union regulators, reported Bloomberg. This new focus comes as the European Commission prepares to assess potential penalties against X under the…
Coinbase’s chief of policy, Faryar Shirzad, hails the bipartisan momentum behind the US Senate’s recent approval of the GENIUS Act.In a recent interview with CNBC, Shirzad said the subsequent legal clarity around stablecoins is a pivotal moment for the future of blockchain-enabled payments in the United States.The upper chamber passed…
A recent government report from the Canada Mortgage & Housing Corp. (CMHC) indicates that even a doubling of homebuilding activity in Canada would only restore housing affordability to levels seen immediately before the Covid-19 pandemic. This new assessment revises earlier, more optimistic projections and underscores the escalating scale of the…
Asia-Pacific stock markets are seeing mixed trade Friday morning, with investors carefully watching escalating tensions between Israel and Iran and analyzing new economic data from China. The escalating geopolitical situation, particularly reports that US President Donald Trump is weighing a military strike on Iran, is casting a shadow over regional…
Shares of Pop Mart International Group Ltd. fell sharply in Hong Kong trading after a commentary by Chinese state media raised concerns about blind-box toys and trading cards, and called for tighter regulations to protect minors. The warning, though indirect, sparked investor anxiety over the future of Pop Mart’s flagship…
European stock markets started Friday on a positive note, attempting to shake off some of the week’s losses as investors found some relief in easing bond yields. However, this tentative rebound is set against a backdrop of deeply concerning UK economic data and the ever-present shadow of geopolitical conflict in…