Business

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China Increases Oversight of Big Four Audit Firms Amid Evergrande Investigation – Reuters

China has intensified its supervision of the Big Four auditing firms, including Deloitte, EY, PwC, and KPMG, amid growing concerns about corporate malpractice. The...
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China’s Consumer Price Index (CPI) Slows to 0.2% in June, Producer Price Index (PPI)...

China's Consumer Price Index (CPI) showed a slowdown to 0.2% year-on-year in June, dropping from the 0.3% year-on-year seen in May. This missed expectations...
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Westpac Analysis: RBNZ Statement Today Less Hawkish Than May – Forexlive

Westpac recently responded to the Reserve Bank of New Zealand (RBNZ) statement, noting that it came as a surprise to the markets due to...
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Australian Dollar Stable After China CPI Data: Analysis and Insights

The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the...
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Federal Reserve Chairman Powell Discusses Risks Beyond Inflation – Key Takeaways for Traders

Federal Reserve Chairman Jerome Powell recently addressed Congress in his semiannual testimony, discussing risks beyond just inflation that the Fed is considering. While he...
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Goldman Sachs Predicts Soft Landing for US Economy, Expects Fed Rate Cut in September

Goldman Sachs recently made a prediction about the US economy, stating that they expect a soft landing. They also anticipate that the Federal Reserve...
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Mexican Peso Strengthens on Positive Inflation Data

The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation...
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Robusta Coffee Prices Surge to 16-Year High as Vietnam Export Drops

The global robusta coffee shortage is causing prices to soar to levels not seen in 16 years. This surge in prices is directly related...
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CPI Impact: Potential Correction in the Market

Oh no, why do people get so scared when they hear the word "correction"? It's like the end of the world when the market...
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BMO Reaffirms Outperform Rating on Ivanhoe Mines Stock

BMO Capital Markets recently reaffirmed its Outperform rating on Ivanhoe Mines Ltd. (IVN:CN) (IVPAF), setting a price target of Cdn$24.00. The firm praised the...

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Tencent Takes on Amazon and Microsoft Cloud Dominance with WeChat Integration

Chinese tech giant Tencent is making strides in the cloud service industry by utilizing its WeChat super-app ecosystem to provide unique offerings to clients....