More: Finance
China Spends $114 Billion During Golden Week, Makes 888 Million Trips
China’s Ministry of Culture and Tourism reported that domestic spending reached 809 billion yuan ($113.5 billion) during the eight-day Golden Week holiday, which combined...
Egypt’s Annual Urban Inflation Eases to 11.7% in September, Beating Expectations
Egypt’s annual urban consumer price inflation slowed to 11.7% in September, down from 12% in August, according to data released on Wednesday by the...
Dollar Climbs to Two-Month High as U.S. Shutdown Deepens and Global Uncertainty Grows
The U.S. dollar strengthened to its highest level in over two months in early Asian trading on Wednesday, fueled by mounting concerns over the...
Gold Soars Beyond $4,000 as Political Upheaval and Economic Anxiety Grip Global Markets
Global financial markets opened the week in a state of high tension, with investors fleeing to gold amid escalating political uncertainty across Japan, France,...
Elon Musk’s xAI Nears $20 Billion Capital Raise with Nvidia Investment
Elon Musk launched xAI in July 2023 as a competitor to OpenAI, aiming to develop artificial intelligence aligned with Musk’s vision of “truth-seeking AI.”...
Hong Kong Stocks Slip Ahead of Holiday; Gold Miners Shine Amid Record Bullion Surge
Hong Kong stocks eased on Monday as investors locked in profits from the recent rally and adopted a cautious stance ahead of the Mid-Autumn...
Dollar Heads for Worst Week Since July; Yen Supported by BOJ Outlook
The U.S. dollar is on track for its steepest weekly fall since late July as political uncertainty from the U.S. government shutdown weighed on...
Japan’s Markets Brace for Ruling Party Leadership Vote
Japanese markets are on edge ahead of a weekend vote that will decide the country’s next prime minister and shape economic and central bank...
Foreign Investors Offload Largest Tranche of Japan Bonds in a Year as BOJ Signals Shift
For decades, Japan’s government bond market has been anchored by the Bank of Japan’s ultra-loose monetary policy, characterized by negative interest rates and aggressive...
China’s Record Holiday Rail Travel Highlights Consumer Appetite Amid Economic Headwinds
China’s national railway network carried 23.13 million trips on the first day of the extended National Day holiday on Wednesday, setting a new single-day...