News

The outlook for global oil demand growth in 2024 is becoming increasingly divergent among energy experts, with the International Energy Agency (IEA) significantly reducing its forecast while OPEC maintains a stronger view. The IEA now predicts a growth of only 1.1 million barrels a day this year, down from 1.3 million barrels a month…

Two Chinese semiconductor companies, CXMT and Wuhan Xinxin, are making progress in producing high bandwidth memory (HBM), a type of memory standard widely used in artificial intelligence (AI) chips. This development marks a significant step for China as it aims to reduce its dependence on foreign suppliers amid escalating tensions between China and the…

In light of former President Trump’s rising popularity in crucial swing states ahead of the 2024 election, Democrats are considering reviving a failed border bill that fell short due to opposition from conservatives, including Trump himself. According to reports, Senate Democrats aim to push for the legislation in the coming months, giving Republicans the…

According to a research note by Kaiko, Bitcoin (BTC) miners may be forced to sell their coins due to decreasing revenues caused by the recent halving event. The halving, which occurred on April 19, reduced the number of new coins awarded to miners for adding new blocks to the blockchain, placing increased pressure on…

According to a report by Goldman Sachs, South Korea is expected to join a major global bond index in September, following a breakthrough in expanding foreign investor access to its government debt in May. This development could result in up to $60 billion worth of inflows, as reported by local media that Euroclear Bank…

As the 2024 US presidential election approaches, there has been a growing interest in crypto among politicians and candidates. While crypto has not traditionally been a major election issue, several high-profile figures have recently spoken out on the subject. Former President Donald Trump, the presumptive Republican nominee, has expressed support for crypto, although his…

Based on the latest financial reports and news articles provided, several trends and developments can be observed in the Japanese economy and financial sector. Here’s a summary of what we know: 1. Central bank policy changes: The Bank of Japan (BoJ) has recently ended its policy of negative interest rates, leading to increased profits…

In addition to discussing the ongoing war in Ukraine, Russian President Vladimir Putin’s visit to China this week is expected to address economic and trade links, as well as geopolitical issues. During a recent interview with Chinese state-media agency Xinhua, Putin expressed support for China’s 12-point peace plan and stated that Russia is open…

On Wednesday, Asian stocks continued their upward trend following a rally on Wall Street, with the Nasdaq composite index hitting a new record high. However, a recent report revealed that prices at the wholesale level in the US have remained persistently high, causing concerns about inflation. The Producer Price Index reading for April reached…

In light of the ongoing national elections in India, foreign investors have taken a pessimistic stance towards Indian stocks due to uncertainty surrounding Prime Minister Narendra Modi’s party potentially winning fewer seats than originally anticipated. This is reflected in net short positions reaching their highest level since 2012, with overseas investors withdrawing approximately $4…