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China’s main stock indices and its currency opened the trading week lower on Monday, after significant protests against the country’s harsh COVID-19 restrictions shook investors.The benchmark Shanghai Composite fell 2.2% in early trading. The Shenzhe...

The fall of crypto exchange FTX has led some people to wonder what it would take for the whole industry to collapse. The total market cap of cryptocurrencies is currently $820 billion. That is 70% below the peak of a year ago. When high-profile playe...

Bitcoin briefly slid to its lowest level in two years this week after rumors that Genesis, the prominent digital-asset brokerage and lender, could be forced to file for bankruptcy if its ongoingcapital-raising efforts failed.The price of bitcointumbl...

Malaysia’s stock market and national currency wobbled after an election resulted in the country’s first ever hung parliament. Parties must now form a coalition before an administrative deadline that expires in a few days, and thereafter must deal wit...

In the aftermath of the fall of cryptocurrency exchange FTX, lawmakers and regulators in the US have started to point fingers at each other over the demise of the once $32 billion crypto empire.This has resulted in bickering among various regulators....

UK finance minister Jeremy Hunt presented his much-awaited budget plan aimed at saving £55 billion. Taxes are set to rise for everybody. The definition of who qualifies as a top earner has been widened to include more taxpayers. It will now take £125...

Retail investors are flooding the debt markets, hoping to take advantage of some of the highest bond yields in more than a decade. The US Federal Reserve’s decisive monetary tightening has caused the 10-year treasury bond yield to hover around 4% aft...

Wholesale prices in the US climbed 8% in October from last year, the fourth straight decline and another sign that inflation pressures are waning from previously high levels.The annual wholesale inflation figure is a reduction from the 8.4% in Septem...

The London bourse has surrendered its post as Europe's most-valuable stock market, with France supplanting it. A weak pound and worries of recession in the UK are thought to be some of the factors behind the development.It is the first time that Pari...

Failed cryptocurrency exchange FTX is showing the worst side of the crypto industry at a time when confidence in the sector is already low. After flirting with a buyout from rival Binance, FTX is now officially bankrupt, with insiders speculatin...

Investors are finding reasons to stay away from both the volatile crypto space and the normally  safe-haven investment that is gold. The price of Bitcoin is currently hovering at around $16,500, down from $20,000 just a week ago as the world’s b...

The US Federal Reserve’s battle with out-of-control inflation has pushed up the average credit card APR (annual percentage rate) for Americans to 19.04% as of November 9.The information comes from bankrate.com and is the highest rate on its database...

Crypto giant Binance has signed a non-binding agreement to buy its major rival, US-based FTX.com. The latter-mentioned cryptocurrency exchange had been undergoing a dangerous liquidity crunch that placed its clients’ funds at risk.Binance, the world'...

China’s exports and imports unexpectedly fell in October, the first drop in both measures since May 2020, as soaring inflation and surging interest rates buffeted global demand.Grim trade figures released in October highlight the challenge for policy...

The Canadian economy recorded a massive job gain in October, coming in 10 times higher than expected, with the jobless rate remaining unchanged. The positive news came a week after a lower-than-expected interest rate hike by the Bank of Canada (BOC)....