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How could the red-hot iron ore rally benefit investors?
Commodities

How could the red-hot iron ore rally benefit investors?

Summary Iron ore prices have registered a record rally in recent weeks, with prices surging to record high levels. A robust economic recovery in the US and China, coupled with generous stimulus packages, have fueled the rally. The price surge ...

Bears grip APAC markets on inflation woes
World News

Bears grip APAC markets on inflation woes

The bears seem to have gripped the Asia Pacific (APAC) markets for the second day on the trot, driven by the fears of rate hikes by the central banks. All the indices in the region, save the Taiwanese markets, were trading in red. The Taiwan Weigh...

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator
Cryptocurrency

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator

Summary Australian computer programmer and entrepreneur Dr Craig Wright has once again had a court case postponed to November. In one of several lawsuits Wright is currently involved in, he is being sued by the brother of his former business pa...

Will Higher Inflation Affect US Macroeconomic Performance?
Economy

Will Higher Inflation Affect US Macroeconomic Performance?

Summary Economists have warned if inflation persists, the situation could get worse. Rising inflation could impact key macroeconomic parameters like growth, GDP, and employment. Given the central bank’s mandate to maintain inflation typi...

Bitcoin crashes as Tesla does a U-turn on the largest crypto
World News

Bitcoin crashes as Tesla does a U-turn on the largest crypto

The Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop using Bitcoin as payment mode for car purchases, CEO Elon Musk has said in a tweet. The price of Bitcoin, has since crashed by 15.8% and is trading below the US$5...

COVID-19 continues to hammer India; global cases decline
World News

COVID-19 continues to hammer India; global cases decline

The spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has visibly improved. In last seven days, the fresh cases reported by India – the new epicentre ...

Amazon Dodges US$300 Million EU Tax Order
World News

Amazon Dodges US$300 Million EU Tax Order

Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,...

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008
World News

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008

The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the ...

US Stock Market Tumbles As Inflation Peaks 13 Year High
Market Updates

US Stock Market Tumbles As Inflation Peaks 13 Year High

All the major U.S. stock market benchmark indexes plunged on Wednesday, May 12, as the consumer price index in April saw the highest growth in 13 years. The higher inflation data has sparked concerns among the investors over the possibility of the F...

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
World News

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company

Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J...

FuboTV Shares Rise On Record Q1 Revenue Growth
Communication Stocks

FuboTV Shares Rise On Record Q1 Revenue Growth

Summary First quarter revenue and subscriber figures exceeded FuboTV’s estimate. Revenue grew 135 percent year over year to US$119.7 million. Subscribers in the first quarter doubled to 590,430. Full year 2021 revenue now anticipated to...

Now Google Pay Users In US Can Send Money To India, Singapore
World News

Now Google Pay Users In US Can Send Money To India, Singapore

Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around ...