2024-12-30 | Current Affairs
TODAY’S NEWS Asian stock markets dipped slightly on Monday as high Treasury yields pressured high equity valuations on Wall Street while boosting the U.S. dollar to near multi-month highs. Market activity was subdued ahead of the New Year holiday and a light economic calendar for the week. Key upcoming data include China’s PMI factory surveys […]
2024-12-24 | Current Affairs
TODAY’S NEWS Asian shares surged on Monday thanks to a benign reading on U.S. inflation that restored hopes for potential policy easing next year. There was also relief that Washington managed to avoid a government shutdown. With last week’s central bank decisions behind, the current week is much quieter with only the minutes of a few of those […]
2024-12-20 | Current Affairs
Two U.S. senators, Democrat Ed Markey and Republican Rand Paul, are calling on President Joe Biden to grant ByteDance a 90-day extension on the January 19 deadline for selling TikTok’s U.S. operations or facing a nationwide ban. The senators emphasized that the legal uncertainties surrounding the case and its potential impact on free speech warrant more time.
2024-12-20 | Current Affairs
Thousands of Amazon.com workers are set to walk off the job on Thursday at 6 a.m. ET (1100 GMT) at several key U.S. warehouses, just days before the peak of the holiday shopping season. The strike was called after union officials accused the e-commerce giant of failing to engage in contract negotiations.
2024-12-17 | Current Affairs
Oil prices remained range-bound in early Asian trading on Tuesday as investors awaited direction from the U.S. Federal Reserve’s upcoming interest rate decision and expressed concerns about demand from China.
2024-12-16 | Current Affairs
China’s new home prices fell at their slowest pace in 17 months in November, as government stimulus measures aimed at stabilizing the crisis-hit property sector began to take effect.
2024-12-13 | Current Affairs
Shares of ServiceTitan (TTAN.O) surged about 42% in their U.S. market debut on Thursday, propelling the cloud-based software company to a valuation close to USD 9 billion. The company’s shares opened at USD 101 each, significantly above the IPO price of USD 71.
2024-12-12 | Current Affairs
Alphabet shares surged nearly 5% on Tuesday after Google unveiled its latest quantum computing chip, Willow, which the company claims has overcome a major challenge in the field.
2024-12-06 | Current Affairs
Asian markets edged lower on Friday, driven by political unrest in South Korea and caution ahead of the U.S. nonfarm payrolls report, which could influence expectations for a Federal Reserve rate cut this month.
2024-12-05 | Current Affairs
Asian markets showed mixed performance on December 5, following record highs on Wall Street, fueled by a softer-than-expected U.S. services report that raised optimism about potential interest rate cuts by the Federal Reserve.