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HSBC seeks 100% control of Hang Seng bank in $37bn buyout
HSBC is planning to acquire Hang Seng Bank in a deal worth more than $37 billion. The deal will follow a scheme of arrangements to take Hang Seng Bank private after its majority-held subsidiary faced ...
US dollar hits two-month high as weak growth in Europe and Asia hit G10 currencies
The dollar climbed near a two-month high on Wednesday, according to Bloomberg, as currencies across Asia-Pacific and Europe got hammered by growing economic and political risks. The Bloomberg Dollar S...
Russia's ruble becomes the world’s best-performing currency, up 40% against the dollar
The ruble has jumped nearly 40% against the U.S. dollar this year, making it the best-performing currency in the world so far in 2025, according to Bank of America. On Tuesday, the Central Bank of Rus...
Chinese exports of advanced chip gear reached $38B, up 66% from 2022 despite ban
Chinese companies scooped up nearly $40 billion worth of advanced chipmaking equipment, exposing big holes in U.S. efforts to block their semiconductor progress. A bipartisan probe by the U.S. House S...
Modi and Putin reaffirm India, Russia ties over birthday call
India and Russia just flipped the bird to the U.S. yet again. Earlier today, Prime Minister Narendra Modi called President Vladimir Putin to wish him happy birthday, but this wasn’t just about cake an...
Trump admin stakes trigger 100%+ gains in Lithium Americas, Trilogy Metals stocks
Lithium Americas and Trilogy Metals have delivered two of the biggest stock market rallies of the year, after the Trump administration confirmed that it was taking equity positions in both of the Cana...
China is building out oil reserves at full speed ahead of emergency outcomes
China is building out its oil reserves at full speed after the war in Ukraine exposed just how risky it is to rely too much on foreign fuel. According to Reuters, the government ramped up its storage ...
Emerging market stocks log biggest rally since 2009 as dollar tumbles
Emerging market stocks have recorded their strongest rally since 2009 as a falling U.S. dollar and cheap valuations attract investors back to developing countries. An MSCI benchmark tracking these sto...
World Bank lifts China’s 2025 growth forecast to 4.8%
The World Bank on Tuesday raised its 2025 growth forecast for China to 4.8%, up from the 4% it projected in April, according to the World Bank’s East Asia and Pacific Economic Update. The revision ali...
China’s BYD breaks out in UK with shocking 880% surge in EV sales
Chinese carmaker BYD has blown through the U.K. auto market with an 880% rise in sales last month, selling 11,271 electric cars, according to a Monday announcement from the company. That surge in sale...
Chinese autonomous car firms rush into Europe
Chinese self-driving tech firms blocked from the U.S. market are moving fast into Europe, opening offices, signing data deals and testing cars on European roads. This has triggered warnings from local...
Indian investigators link $96M flow to illicit trading platform
Indian authorities have claimed that an illegal trading platform has processed more than Rs. 800 crore (approximately $96 million) in the past nine months. According to authorities, its promoters are ...