The Israel Hamas war has sent shockwaves across the world and the rapidly evolving conflict is being closely watched by global leaders. Tensions started when Hamas attacked Israel with over 5000 rockets from Gaza, a...
China says its voting power at the Fund doesn’t mirror the economic clout it has built over the past two decades. But the US, the IMF’s biggest shareholder, isn’t ready to change the status quo,...
With the acquisition, ExxonMobil will command a dominant position over the top oilfield in the United States. Fossil fuel emissions are considered the main drivers of climate change. ExxonMobil has sealed a $59.5 billion (€56...
Vietnamese electric car maker VinFast is facing complex regulations and competition from China as it tries to break into the European car market. Vietnamese electric car maker VinFast is slowing down its European expansion, industry...
Chinese firms currently dominate the electric vehicle battery supply chain — from mining and refining through to final assembly. This leaves Western automakers with little option but to rely on Chinese-made EV batteries. The Shanghai...
For lovers of big music concerts, 2023 has been a renaissance year. After the pandemic put the squeeze on large events for the better part of three years, a host of megastars have embarked on...
US Commerce Secretary Gina Raimondo is in Beijing for talks with Chinese counterpart Wang Wentao. US firms reported challenges with operating in China after Washington moved to block advanced semiconductor exports. US Commerce Secretary Gina...
Months after the political tussle between US President Joe Biden and Republicans over raising the debt ceiling, Fitch downgraded the US credit rating from AAA to AA+. The White House strongly disagreed with the move....
Another bizarre US debt ceiling episode is over. President Biden will sign the bill that was approved by the Senate late yesterday. It is a bit anticlimactic for the market, for which the US jobs...
Hundreds of people waited in line outside the new Apple store in the financial hub Mumbai. The company is planning to boost its production in India — the second-largest smartphone market in the world. Apple...
There is a fragile calm in the capital markets today ahead of the long holiday weekend for many. The poor US economic data yesterday and third consecutive decline in the KBW bank index weighed on...
The dramatic shift in expectations for Fed policy is a potent shock, with reverberations throughout the capital markets. The business press was full of accounts putting the nearly 50 bp decline in the US two-year...