The Times of India write that Vedanta has added new partners and is still dedicated to the project. According to the Times of India, Taiwan's Foxconn has withdrawn from a joint venture with Indian company Vedanta to develop semiconductors valued at close to $20 billion. The joint venture is now...

The amount invested grew by 55.2% from 2021. According to a study by the Economic Commission for Latin America and the Caribbean (ECLAC) released on Monday, foreign direct investment in Latin America and the Caribbean increased by 55.2% in 2022 to a record $224.58 billion. Foreign direct...

According to data source HFR, global hedge funds saw gains of 2.2% in June as artificial intelligence-related stocks rose and the banking crisis subsided.   Hedge funds increased their investors' wealth by 3.45% in the first half of the year.   "Hedge funds surged in June, led by...

According to two banking sources familiar with the situation on Monday, South Korea's financial services regulator has requested major commercial banks to set aside $4 billion in financing to help a credit cooperative that has been affected by customer withdrawals.   The Financial Services...

Consumer prices fell 0.2% on the month in June, shocking analysts on the downside and leaving the annual CPI at zero. The annual fall in producer prices of 5.4% was the worst since late 2015.   This suggests there is a lot of room to further relax monetary and fiscal policy, on the surface....

China's leader urged her to "meet China halfway" and restart bilateral relations as U.S. Treasury Secretary Janet Yellen advocated for market reforms and criticised China's recent harsh moves against American businesses and mineral export limits on Friday.   In an effort to mend strained...

Suhail Al Mazroui, minister of energy and infrastructure for the UAE, stated that he was more worried about the oil supply situation than the demand situation. Due to a lack of industry investment, the 23 OPEC+ nations have lost more than 3 million barrels per day (bpd) of oil output since 2020,...

The world's two largest economies continue to be closely linked, despite some warning signals of impending weakening, as U.S. Treasury Secretary Janet Yellen attempts to calm an increasingly tense relationship with China.   Friday's meetings with senior Chinese officials will begin with...

UNCTAD emphasized the need of "reducing the risks of energy transition investments in developing countries through loans, guarantees, insurance instruments, and equity participation as a public sector". Clean energy investments in developing nations are required to total $1.7 trillion annually....