Markets

Primary care provider VillageMD has announced plans to acquire care provider Summit Health for $9 billion to expand its operations. This comes amidst the growing trend of major U.S. firms expanding into the healthcare business this year. Recently, CVS Health...

India is expecting a robust market for sugar. In line with this expectation, the government has approved the expansion of its sugar export to 6 million tonnes. The second most populous country in the world had a record export of...

Two climate activists have taken their protest against climate change to a new level. They glued themselves to Francisco Goya’s frames of two paintings at the Prado Museum in Madrid. The two paintings were "La maja desnuda” and "La maja...

Binance has processed $8 billion worth of crypto transactions for Iranians since 2018 despite US sanctions. $7.8 billion of these funds moved between Binance and the largest exchange in Iran, Nobitex. Binance has processed $8 billion worth of Iranian transactions...

Global shares closed higher on Friday as the US dollar plunged. The positive performance of the stock markets comes amid the release of solid job data, raising hopes that the US Federal Reserve will ease its monetary tightening policies. Global...

The government of Japan has threatened to halt investments in the United States. The government has attributed this decision to the new electric vehicle tax credits in the US that disadvantages Japanese car makers. Japan airs concerns over new US...

The Philippine central bank has announced plans to tackle inflation using all the monetary policy actions required. This comes after data showed that the inflation rate has hit its fastest pace in almost 14 years. Inflation Rate Driven By Price...

Stocks rose on Friday following data indicating that the U.S. economy is creating more jobs despite the increasing level of inflation. However, the data also showed that the level of job creation has dropped in the past few days, which...

U.S. stocks continued their downward trajectory for the fourth consecutive day on Thursday after concerns about a further rate hike by the Federal Reserve. The expectations from investors were dashed after Fed Chair Jerome Powell hinted that a pause on...

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...