Pakistan’s economic odyssey continues with IMF rescue
In a significant turn of financial fate, Pakistan has once again found itself under the stringent guardianship of the International Monetary Fund (IMF). After a [more…]
Category: Investing & Markets
Germany’s Bitcoin sales spark market turmoil
For the past few weeks, Germany has been quietly shaking the cryptocurrency world, offloading hundreds of millions of dollars worth of bitcoin and triggering a [more…]
South Korea slaps record fines on Credit Suisse for short-selling violations
In a turn of events, South Korea’s financial watchdog has slammed the gavel down on two subsidiaries of the erstwhile Credit Suisse group for their [more…]
S&P Global sounds the debt alarm
In a not-so-surprising twist, S&P Global has painted a rather grim picture for the future of debt levels in major economies, including the United States, [more…]
Mt. Gox’s $9 billion bitcoin payout, a boon for investors, a jolt for the market
In a dramatic turn of events, the long-defunct Tokyo-based bitcoin exchange Mt. Gox is set to return nearly $9 billion worth of tokens to its [more…]
Crypto market shakes as Bitcoin dips below $61K
Bitcoin, the reigning monarch of the cryptocurrency world, continued its rollercoaster journey, plunging to $60,000 on Monday. The digital asset was last seen down over [more…]
Spain’s May inflation rises, driven by higher electricity and fuel prices
Spain’s latest inflation report is out, and it’s painting a picture that’s a bit more colorful than expected. The National Statistics Institute revealed that year-on-year [more…]
Shanghai Stock Exchange bars S2C from IPO for fraudulent profits
In a stunning twist, the Shanghai Stock Exchange has wielded its hammer of justice, barring local chip maker S2C from listing its shares for a [more…]
China’s food delivery giant, Meituan, overcomes economic challenges with record-breaking Q1 growth
Amid a volatile economic landscape, Meituan has emerged as a beacon of resilience and growth. The on-demand services titan reported a stunning 25% year-on-year surge [more…]
Canada gets a rate cut
Hold onto your hats, folks—money just got a bit cheaper! The Bank of Canada decided to sprinkle a little financial magic on Wednesday by trimming [more…]