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Novartis buys Regulus Therapeutics, deal expected to hit $1.7 bln 05/02/2025

Qatari sheikh's family office to invest $8.8bn to create financial hub in Maldives 05/06/2025

Pending home sales index in the U.S. in March hits maximum since 2023 05/02/2025

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Economics

Report Warns Of Slow Growth And Loss Of Competitiveness For United States And Canada By Scrapping NAFTA

In a sort of the warning to the countries associated with the North American Free Trade Agreement (NAFTA), the Bank of Montreal said on Monday that scrapping of the deal would prove costly to both the U.S. and Canadian economies as it would effectively decrease their competitiveness in comparison...

Coinome: The First ‘Crypto-Currency’ Exchange In India Dealing In 20 ‘Mainstream Crypto-Currencies’

BillDesk has launched the first exchange for crypto-currencies in Indian market. Last week, Mumbai, India based Billdesk, a “payment gateway”, has launched the “first crypto-currency exchange” of India, called “Coinome”. Users will be able to board Coinome transaction vide “Instant e-KYC”...

Donald Trump: America’s economy is booming

The US economy is booming, despite the ongoing investigation of the "Russian trace", US President Donald Trump wrote on his Twitter page. "From the first day that I took office, everything you hear is a false explanation of the democrats for losing the election: Russia, Russia, Russia. Despite of...

EU Given U.K.’S May Ten Days Ultimatum To Offer A Better Brexit Deal

Britain would end up failing to persuade EU leaders in opening up talks again with the U.K. in December if British Prime Minister Theresa May is not bale to enhance her Brexit offer to the Eu the within a 10-day “absolute deadline”. Businesses in the U.K would come under pressure to escape...

Even As The Inflation Debate Continues, A Likely Rate Hike Is To Be Announced By The U.S. Fed In December

According to the minutes of the U.S. Federal Reserve’s latest monetary policy meeting, despite the fact that there was a division between the Fed officials at eh meeting, the Fed is all set to increase the bank rates in December. "Many participants thought that another increase in the...

IMF Warns That Big Economic Reforms Are Needed Right Away For Zimbabwe Economy

The International Monetary Fund is of the view that if the Zimbabwe economy wants to obtain international aid and get out of the bad situation, it needs to do something quickly. Zimbabwe mission chief of IMF, Gene Leon, said that structural reform is needed in Zimbabwe because the...

The EU and Britain are preparing to conclude a deal in December

During the visit of Teresa May to Brussels on November 24, the EU negotiators will closely monitor whether she will signal that she is willing to risk the domestic situation in the country and increase the offer with the aim of concluding the deal in December, Reuters reports. Representatives of...

Beijing Wants To Intervene In The Rohingya Crisis In Myanmar To Protect Its Investments There

The ongoing ethnic cleansing in Myanmar will be attempted to be halted by the world’s second largest economy. But selflessness is not the driving force behind this as safety and stability of the hefty investments in the region is the aim of the attempt. A return of U.S....

Waiting for the end of the world: Bitcoin vs Gold

The discussion about gold and bitcoin is complex and is still in its infancy, given that humankind has been using gold for 2700 years as money, and bitcoin has been around for a modest 8 years. Purely from the investment point of view, bitcoin has absorbed a significant amount of funds that could...

China to ratchet up regulation of the real estate market

China will strengthen financial regulation and take tough measures to combat speculation in the real estate market in order to stabilize prices and prevent the emergence of bubbles, the Central Television of China (CCTV) reported. During a joint working meeting in Wuhan (Central China),...