Governments in Asia have a more targeted approach to battle inflation. Export bans and price controls are some of them. Although inflation is a risky problem in Asia, the governments’ measures have helped the countries to survive from price rises...
The Russia Central Bank slits its key interest rate to 11%. They added that there would be more cuts to come this year. The cutting of key interest rates emerged since April to 14%. The cause was due to the...
Amid high international oil prices in the aftermath of sanctions against Russia due to signs of a prolonged Ukraine crisis, concerns are rising that oil prices may soar again as demand for electricity for cooling in the summer begins to...
Llyod Blankfein, a former Goldman Sachs chief executive warns America that there is a high risk of recession. He adds that if he were still running a big firm, he would choose to prepare for the possibility. According to him,...
The higher closing in the stock market on Monday intrigues the bear market territory. Stocks open higher on Monday after the dramatic close. S&P 500 closed above the bear market with 18% down from January 2022 high. S&P slipped at...
As Tesla's stock price plunged 7% on the New York Stock Exchange on the 24th (local time) and halved from its previous high, Tesla CEO Elon Musk's personal wealth also fell significantly, dropping out of the $200 billion club, Bloomberg...
As the pandemic slowed down, Zoom Video Communication, a video conferencing service company, recorded the lowest sales growth rate ever in the first quarter of this year. Zoom announced on the 23rd (local time) that its sales in the first...
Dollar plunged following the weekly loss reaching two months. Investors cut bets on escalating dollar gain due to the rise of the U.S. rates. They are hopeful that the loosening lockdowns in China would revive the worldwide economy. Currently, China’s...
Indian government considers additional jumbo spending to recover its national inflation for as much as $26bn in the 2022/23 fiscal year. The media said the funding allocation is to handle consumers from rising prices and battle multi-year high inflation. This...
In less than a week, South Korean IPO candidates canceled their deals. It adds to market uncertainty in the listing pipeline. Three of the candidates; Onestore, Tailim Paper and SK Shieldus, have pulled the deals. Onestore is a mobile app...
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