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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Worsening Factory-Gate Deflation in China as Trade War Bites 05/11/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

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Economics

IMF: Bank of Japan's policy correction was a prudent move

According to IMF spokesperson Salgado, the Bank of Japan's policy correction was a prudent move. A correction to the Bank of Japan's yield curve management system was a "reasonable step," said International Monetary Fund official Ranil Salgado on Wednesday, commenting on the day before's surprise...

China Growth Outlook Cut By World Bank Due To COVID, And Property Industry Flop

The abrupt relaxation of strict COVID-19 containment measures and the ongoing weakness of the real estate market are to blame for the World Bank's reduction in China's growth outlook for this year and next. In a report released on Tuesday, the Washington-based lender predicted that China's...

Cryptoverse: Farewell To The Year That Bitcoin Crashed

A stumbling Bitcoin entered 2022. The year comes to a close with it slouched in an alleyway, stripped of its cocktail of borrowed funds and leveraged bets, and shunned by the establishment. The most valuable cryptocurrency has lost 60% of its value, and the entire crypto market has shrunk...

Bloomberg: 2022 drop in Russian stocks is the world's worst

Bloomberg reports that Russian stocks are performing the worst globally in 2022. Among the 92 indices it monitors, it said the decline in the Russian RTS Index was the most noticeable. According to information from the Moscow Exchange, the Russian dollar-denominated RTS stock index fell 34.9...

Rich Chinese Increase Their Search For Foreign Investment Bets To Reduce Domestic Risk

According to fund managers and industry sources, wealthy Chinese individuals are reducing their holdings of domestic securities and are increasingly considering assets in the United States and other foreign countries. This trend is expected to pick up steam in 2023. Rich Chinese have...

With Rising Risk Of Contagion, Insurers Avoid FTX-Linked Cryptocurrency Companies

According to several market participants, insurers are refusing or restricting coverage to clients who have exposure to the insolvent crypto exchange FTX, leaving traders and exchanges of digital currencies uninsured for any losses from hacks, theft, or legal actions. Due to the lack of market...

Central Banks World Over Sending Clear Signals To Markets About Continuation Of Tighter Policy

The Federal Reserve of the United States, the European Central Bank, the Bank of England, and the Swiss National Bank all raised interest rates by 50 basis points this week, as expected, but markets are focusing on their shifting tones. Markets reacted negatively after the Fed raised its...

HSBC to stop financing new oil and gas projects

New oil and gas project will no longer be financed, said HSBC bank. The bank made the announcement when it provided its yearly report on its climate change policy. Additionally, HSBC will now demand additional details about what its energy-related clients are doing to minimize their emissions....

ECB To Raise Interest Rates By 50 Basis Points In The Hope That Inflation Has Peaked

With inflation anticipated to be near to a peak and the Frankfurt institution looking to reduce its massive holdings of government bonds, the European Central Bank will continue to raise benchmark rates, albeit at a slower pace. “We expect the ECB to raise its policy rates by 50 bp at the...

Inflation Rate In UK Falls From 41-Year High With Slowing Of Hike Of Fuel Price

Inflation was slightly lower than expected in November in the UK, at 10.7%, as lower fuel prices helped ease price pressures, though high food and energy prices continued to squeeze households and businesses. Reuters polled economists predicted an annual increase in the consumer price...