World news

Who is the Wall Street’s secret billionaire investor?

Highlights Private-equity investor and billionaire Ramzi Musallam has turned tragedy into fortune. Musallam had been Veritas’ second highest...

TikTok rolls out its first NFT collection; key things to know

TikTok has become the latest company to enter the non-fungible token (NFT) world. On 30 September 2021, the video-sharing social networking site launc...

How rough was September Effect this year?

Highlights The overall market sentiment was negative. S&P500 marked its worst show since September 2020. BOVESPA put up the worst show for th...

NZ keen on exploring adoption of digital currency

Highlights  The RBNZ looking at possibilities to launch a digital currency. The Central Bank urged the public to send their feedback by 6 Dec...

What’s chipping away at global supply chain?

Highlights The supply chain disruption has already left the world running short of several goods and services.  The overstressed global suppl...

China’s manufacturing PMI data drags Hong Kong shares in red

Highlights The Hang Seng Index has crashed by over 1% APAC markets are tracking an unexpected shock contraction in China’s factory activity....

Here’s why the EA share price witnessed a wild ride in September

Highlights The release of Electronic Arts’ latest videogame, Battlefield 2042, has been delayed by almost a month. Despite a delay, the mana...

Evergrande founder's net worth takes a US$15.6 billion hit

Highlights Xu Jiayin, Evergrande’s founder, has lost the most among the world’s richest in 2021. Jiayin has seen his net worth plummet...

Evergrande to sell stake worth US$1.5 billion in Shengjing Bank

Highlights  Evergrande is set to dispose of its entire stake in Shengjing Bank. The stake sale would fetch Evergrande US$1.5 billion. The co...

Will Evergrande debt bomb burst China’s housing bubble?

One of the largest debt-laden realtors in the world, Chinese property giant Evergrande is saddled with a debt of nearly US$310 billion, which is 2.1%...

How crypto assets are treated for tax purposes in NZ

The craze of owning and trading in cryptos is moving at an unprecedented pace. As per reports in 2019, the global cryptocurrency market stood at US$75...

Lukas Kamay – “The worst insider trading case”

Highlights Lukas Kamay along with Christopher Hill, misused government data for their fortune. Kamay betrayed both the shareholders and his accom...

What is Rapid Antigen Testing? All you should know about it

A Rapid Antigen Test (RAT) is one of the quickest ways to test if you have COVID-19 infection or not. It is mostly used in situations when a patient n...

Phone Scam explosion in Australia report a loss of A$211 million

Highlights  A phone-based scam in which the users receive suspicious voicemails, texts and phone calls to steal personal data has fuelled this...

China faces double whammy as power crisis adds to Evergrande woes

In a double whammy, the world’s second largest economy – China – has been grappling with a massive power crisis in its north-eastern...

How are Bitcoin, Ethereum’s prices moving amid the Chinese crackdown...

Following the ban on all forms of crypto trading in China, which was announced on Friday, the cryptocurrency market witnessed a sharp dip on Friday, a...

Germany election results denote a shift in global voting pattern

Ballot paper of the German Bundestagswahl 2009 (Bundestag elections). The centre-left party in Germany seems to be set to form the next government....

Why is Axion crypto grabbing limelight today?

Highlights AXN is trading 144.94% higher in the last 24 hours with a trading volume of US$1.48 million. Bitcoin fell by 0.345% on Saturday, follow...

Should pharmaceutical companies waive IP rights on COVID vaccines

Highlights  Waiving intellectual property (IP) rights would allow additional manufacturers to bypass the IP barriers and manufacture the COVID...

China pumping billions into system to soften Evergrande blow

The Chinese central bank – People’s Bank of China – has been pumping lot of cash into the system, as property developer China Evergr...