Business news

Concerns mount over Ecopetrol as Gustavo Petro allegedly meddles in...

Concerns over Ecopetrol, Colombia’s largest state-owned firm, are increasing as a strategic decision about its joint venture with Occidental Pet...

Costco stock’s steep valuation raises concerns: is it time to sell?

Costco Wholesale’s stock has become the Palantir Technologies of the retail world, boasting a steep valuation and an ardent investor base. The warehou...

Honeywell and FedEx spinoff plans: can investors hope for a GE Verno...

Breaking up companies into smaller, independent entities is proving to be a winning formula for investors. Spinoffs, often pursued to create sharehold...

Why are US crude oil exports to Europe likely to decline in January?

US crude oil shipments to northwest Europe are expected to fall early next year from record highs in November as arbitrage for transatlantic shipments...

Here’s why the KOSPI index has plunged this year

The KOSPI index has remained on edge as concerns about the South Korean economy continued. This retreat also happened as the South Korean won remained...

Laopu Gold stock surges 437% since June listing: what’s fueling the...

Despite sluggish demand in the retail jewellery market, Beijing-based Laopu Gold has emerged as a standout success. With revenue skyrocketing 148% yea...

Asian stocks jittery ahead of key US inflation data: Nikkei trades f...

Asian equities remained on edge on Friday, as market participants awaited the release of key US inflation data for fresh clues about the monetary poli...

Altcoins today: ADA and CRV prices fall below $1; HBAR ETP debuts in...

Cryptocurrencies endured a bloodbath following the Fed’s hawkish tone on Wednesday. Despite the expected 25 bp interest rate reduction, Jerome Powell...

Tesla in talks with Austin over self-driving tech?

Tesla is making headway in its push for self-driving technology, engaging in preliminary discussions with authorities in Austin, Texas, according to a...

US stock futures show signs of recovery after Wednesday’s major sell...

US stock futures stabilised on Thursday following a major sell-off on Wall Street the day before. Dow futures rose over 190 points, or 0.6%, while S&#...

Christmas chaos looms as Amazon workers in key US cities plan to str...

Thousands of Amazon workers in the United States are preparing for a massive strike during the peak Christmas shopping period, highlighting tensions b...

Is Europe ready for 2025’s economic reality check?

Europe’s economy enters 2025 in a precarious state. Years of underinvestment in innovation, dependence on exports, and political fragmentation have cr...

Moody’s downgrades 7 French banks as national debt hits €3.2 trillio...

Moody’s has downgraded the ratings of seven major French banks, including BNP Paribas and Credit Agricole, citing spiralling national debt and politic...

European stocks follow global peers after US Fed meet: DAX down 0.8%...

European markets declined sharply on Thursday, tracking global losses after the US Federal Reserve signalled a slower pace of rate cuts in 2025 than p...

SMCI stock forecast 2025: key Super Micro levels to watch

The Super Micro Computer (SMCI) stock price has had a roller coaster this year. It initially surged to a high of $122 in March this year, up by over 3...

Here’s why the Russell 2000 (IWM) ETF slumped after Fed decision

The iShares Russell 2000 ETF (IWM) crashed hard after the Federal Reserve delivered a highly hawkish interest rate decision. It slumped by over 3%, re...

Why this analyst sees India’s Tata Power’s share price racing 30%

Indian power generation major, Tata Power has had a quiet few months at the bourses. Tata Power’s share price has moderated by around 6% in the...

USD/ZAR: South African rand sits at key level after hawkish Fed

The South African rand has remained on edge as emerging market currencies slumped after the hawkish Federal Reserve interest rate decision. The USD/ZA...

Bank of Japan holds rates steady amid inflation pressures, JPY hits...

On Thursday, the Bank of Japan (BOJ) maintained its benchmark interest rate at 0.25%, citing uncertainties in Japan’s economic activity and pric...

USD/NOK analysis ahead of the Norges Bank rates decision

The USD/NOK exchange rate jumped to its highest level since March 2020 as crude oil prices dropped and as the US dollar index surged. The pair was tra...