Markets

BlackRock has announced the expansion of the number of clients that are eligible to have voting rights at the firm’s annual meetings. The world’s largest asset manager said it will be expanding the numbers and give them rights to contribute...

The U.S. Federal Reserve shifted its outlook on its tightening policy from a sharp tightening policy to a longer and more relaxed outlook. The market reacted to the news as bond yields and dollars took a marginal leap. This comes...

The U.S Northeast will be facing its highest energy costs in over a decade because of the heavy global competition for liquefied natural gas (LNG) cargoes. The galloping price of gas has caused severe frustrations, and it could be worse...

President Joe Biden’s administration will release $13.5 billion to enable low-income earners battling with skyrocketing energy bills. The White House announced the package earlier on Wednesday. The U.S. Department of Health and Human Services will provide $4.5 billion as part...

The U.S. Securities and Exchange Commission is proposing a new rule that will set out a comprehensive protocol for the mutual fund industry. The SEC revealed that the new rules will help to address the distressed market conditions, which includes...

U.S. stocks rebounded after the Federal Reserve raised interest rates by 75 basis points and signaled that the next hike would be far lesser. This would be the fourth consecutive hike of that magnitude from the Reserve Bank as it...

The Reserve Bank of Austria (RBA) has maintained its lowered interest rate increase for the second consecutive month. The bank, while revising its inflation outlook, noted that it would increase interest rates again to continue the battle against inflation. The...

Two institutional spot forex trading platforms Deutsche Börse’s 360T and Cboe FX have published their trading metrics for October. Both firms reported monthly declines but a much-improved number year-over-year. According to the report by Cboe FX, the company realized a...

On Monday, US President Joe Biden continued his warning on oil and gas companies to lower energy costs for Americans by tapping into their record profit gains. He warned that they should increase production and lower energy prices or face...

Cathie Wood, whose ARK funds outperformed the markets by a wide margin in 2020, have come under pressure over the last year. While the flagship ARK Innovation ETF has recovered from its 2022 lows, it is still underperforming badly in...

A wave of political activism has animated East Asian politics: Taiwan’s Sunflower Student Movement in 2014, South Korean 2015 street protests against President Park’s new labour law, and protests in Japan in 2015 against Prime Minister Abe’s security bills. Youth...

Italian Prime Minister has set the date for the constitutional referendum as late as practically possibly.  It will be held on December 4.  The issue is the perfect bicameralism that gives as much power to the Senate as the Chamber...

When Lee Hsien Loong collapsed during the National Day Rally speech on 21 August 2016, it shocked not only many Singaporeans, but also leaders from around the world. Although he recovered quickly and was able to finish his speech after...

EM initially benefitted from the FOMC decision, but softened into the weekend.  One culprit was lower oil prices, as reports suggest an output deal is unlikely at the OPEC meeting this week in Algeria.  However, it wasn’t just EM, as...

Japan’s monetary gamble and Abenomics are approaching the end of the road. Neither Brussels nor Washington is immune to the adverse consequences of Tokyo's monetary exhaustion, says Dan Steinbock. Recently, Japan’s second quarter GDP growth was revised up to 0.7...