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Saudi Arabia's Public Investment Fund (PIF) has allocated $5.2 billion from $8.5 billion raised through green bonds for projects as of June 2024, marking a significant increase from $1.3 billion the previous year. Green bonds are issued to finance environmentally beneficial ...

The euro has fallen to a two-month low against the US dollar, largely driven by the release of the Federal Reserve's recent meeting minutes. The currency, which had seen strength earlier in the year, has now slipped by 2.3%, dropping ...

In a significant move set to attract billions in foreign investment, South Korean and Indian government bonds will be added to FTSE Russell's global indices by 2025. South Korean government bonds will be included in the FTSE World Government Bond ...

According to the Securities and Exchange Commission (SEC), so-called crypto relationship scams are emerging as a growing threat, with fraudsters using social media and networking platforms to exploit unsuspecting investors. These scams typically involve criminals building trust with their victims over ...

As China celebrated its Golden Week and the 75th anniversary of the People’s Republic, the government unveiled significant economic measures. These aimed to address the troubled property market, boost the stock market, and provide support for the poorest citizens. Notably, ...

In September, U.S. job creation surpassed expectations, with nonfarm payrolls increasing by 254,000, up from a revised 159,000 in August, and significantly higher than the 150,000 forecast by Dow Jones. This robust job growth pushed the unemployment rate down slightly ...

Tesla posted its first sales increase in the third quarter, delivering nearly 463,000 vehicles worldwide, representing a 6% rise year-over-year and a 4% increase from the second quarter. However, despite this boost, Tesla’s total deliveries for 2024, at 1.3 million ...

Apple’s expectations for the iPhone 16 to revive its sluggish sales have faced early challenges, with pre-sale data showing a lukewarm consumer response. Estimates suggest Apple sold around 37 to 40 million units during the first week of pre-sales, a ...

Inflation in France and Spain dropped below 2% in September, the lowest in three years, raising expectations for additional rate cuts by the European Central Bank (ECB). In France, the EU-harmonised inflation rate fell to 1.5%, down from 2.2% in ...

The stock market reached new highs this week as investors flocked to riskier assets like tech stocks and cryptocurrencies, following the Federal Reserve’s decision to cut interest rates by 0.5%. This marks a shift from its aggressive rate hikes, which ...

Argentina's poverty rate surged to 52% in the first half of the year, reflecting the harsh effects of President Javier Milei's austerity measures aimed at addressing the country’s fiscal deficit. This represents a sharp increase from 41.7% at the end ...

Mercedes-Benz saw its shares fall nearly 7% on Friday after lowering its full-year outlook, primarily due to a sharp decline in Chinese demand. The company now expects earnings before interest and taxes (EBIT) to be "significantly below" last year’s figures, ...

Nvidia CEO Jensen Huang has completed the sale of over $700 million in company stock, months ahead of his prearranged plan. Huang had initiated a trading strategy in mid-March to sell up to six million shares by the end of ...

Global coffee prices are soaring due to devastating weather conditions in the world's two largest coffee-producing nations, Brazil and Vietnam. Brazil, which accounts for 40% of global coffee production, has been hit by severe drought, leading to a 20% drop ...

European Central Bank (ECB) President Christine Lagarde has projected inflation will reach the bank’s 2% target by mid-2025, crediting the "remarkable" reduction in price pressures over recent years with minimal job losses. Speaking at a recent event, Lagarde emphasized the success ...