Commodities wrap: gold reaches record high amid rate cut hopes; crude heads for weekly loss
Gold prices continued to rally on Friday as weak economic data from the US raised hopes of interest rate cuts…
Evening digest: Trump targets India-China-Russia axis, Elon Musk’s $1 trillion challenge, US unemployment levels
From global politics to corporate megadeals and domestic economic shifts, Friday’s headlines capture major developments. Trump slams India-Russia-China summit ties.…
Commodities wrap: oil, bullion and copper slide; all eyes on OPEC+ meeting
Most major commodities were in the red on Thursday, with oil extending its 2% decline from the previous session. Gold…
This is Europe’s most underrated economy
Cyprus rarely features on global macro radars. Headlines rarely speak about its economy. But perhaps they should. The island has…
US jobless claims climb to the highest level since June as labour market cools
Applications for US unemployment benefits rose last week to the highest level in more than two months, reinforcing signs that…
Who is Stephen Miran? Trump’s Fed nominee seeking Senate confirmation
Stephen Miran, a Harvard-trained economist and President Donald Trump’s top economic adviser, is now up for Senate confirmation to fill…
Mexico’s stock exchange to launch options on US tech giants, eyes market revival
Grupo BMV, operator of Mexico’s main stock exchange, is moving to launch options on the underlying for the major US…
Brazilian equities rebound, but XP Asset urges caution amid weakening signals
Brazilian stocks saw a strong recovery in August, going up 6% on the month according to the benchmark Ibovespa index.…
Gap stock gains as retailer enters beauty, personal care market with Old Navy rollout
Shares of apparel retailer Gap gained more than 3.4% after a report by The Wall Street Journal in which the…
Orsted and US states sue Trump administration over blocked $6B wind project
Danish offshore wind developer Orsted and the states of Rhode Island and Connecticut have filed lawsuits against the Trump administration,…