FCA moves to lift retail ban on crypto ETNs to boost UK market competitiveness
The UK’s Financial Conduct Authority (FCA) has proposed lifting its longstanding ban on retail investors buying exchange-traded products (ETPs) tied…
What a war with President Trump could cost Elon Musk’s business empire
The once-close alliance between Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, and President Donald Trump has unraveled into…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
Laopu Gold’s HK$1,000 share price tests rally as valuation, access concerns mount
Laopu Gold Co.’s extraordinary stock surge is facing a test of durability. After soaring more than 2,300% since its June…
India’s energy transition accelerates as coal declines and renewables surge
In May, India witnessed its most significant drop in coal-fired electricity production in half a decade. This decline coincided with…
Nonfarm payrolls report looms: what could move markets and test investor nerves
The stakes are rising ahead of the May nonfarm payrolls report. For months, investors bet on a soft landing: cooling…
ECB cuts key rate by 25 basis points, citing cooling inflation
The European Central Bank on Thursday delivered a widely expected quarter-point rate cut, lowering its deposit facility rate to 2%…
UK’s Centrica signs $27B gas deal with Norway’s Equinor
British energy giant Centrica, the owner of British Energy, has entered into a substantial long-term agreement with Norwegian energy company…
Silver soars to 13-year high; can prices rise further?
Silver prices have breached the psychological barrier of $35 per ounce and have hit an over 13-year high on Thursday. …
Kimberly-Clark sells majority stake in global tissue unit to Brazil’s Suzano
Kimberly-Clark announced Thursday that it has reached an agreement with Brazilian pulp manufacturer Suzano to sell a controlling stake in…