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Gold nears $2,000 as Fed rate hike pause boosts appeal
In a notable turn of market dynamics, gold prices are steadfastly maintaining their position near the pivotal $2,000 mark. This stability is largely attributed to growing anticipation of a potential pause in the U.S. Federal Reserve's…
SMBC Aviation Capital’s bold $3.4 billion investment in Airbus A320neo fleet
In a strategic move signaling confidence in the global aviation sector’s post-pandemic recovery, Japan’s SMBC Aviation Capital has announced a substantial $3.4 billion acquisition of 60 Airbus A320neo aircraft. This investment reflects the…
Shares of Siemens Energy nosedive 35 percent post government aid request
In a dramatic market response, Siemens Energy saw its shares plummet by 35% on Thursday, subsequent to its appeal to the German government for financial guarantees. This comes in the wake of the wind power behemoth's earlier decision to…
X reports 15 percent user decline, 54 percent US ad revenue slide under Musk in a year
A year has passed since billionaire Elon Musk acquired Twitter, now rebranded as “X,” for a whopping $44 billion. Despite initial hesitations, the deal eventually went through, much to the surprise of the tech world. Since then, a series of…
Central bank of Turkey lifts benchmark interest rate to 35 percet amid inflation woes
In a decisive move to tackle rampant inflation, Turkey's central bank announced a significant hike to its benchmark interest rate from 30% to 35% this Thursday. This adjustment aligns with the forecasts made by economists who participated…
Digital ad resurgence propels Meta to a 23 percent revenue spike in Q3
In a surprising reveal, tech giant Meta has exceeded market predictions with a substantial 23% rise in its third quarter revenue, marking the steepest growth since 2021. As per the company's forward-looking statements, they project their…
Exxon and Chevron dive deep into oil amid clean energy surge
Despite the worldwide momentum toward clean energy, two of America's oil giants have recently placed significant bets on fossil fuels. Both Exxon Mobil and Chevron have announced massive acquisitions in the past month, revealing a strong…
Tech stocks feel the heat from soaring Treasury yields
On Wednesday, U.S. stock markets experienced significant shifts, as investors navigated through diverse earnings reports and evolving Treasury yields. Notable indices showed marked volatility, with the Dow Jones Industrial Average declining…
Post-holiday blues hit Hong Kong’s Chinese equities as economic concerns rise
Chinese stocks in Hong Kong faced a significant downturn as trading restarted after the holiday. This decline was influenced by an overarching risk-averse sentiment throughout the region and escalating concerns about China's economic…
World Bank’s revised outlook for East Asia reflects China’s economic hurdles
Amid concerns about China's economic stability and diminished global demand, the World Bank has revised its growth projections for developing East Asia and the Pacific. The bank's most recent assessment, unveiled in its Monday report from…