by Jibran Munaf | October 23, 2024 | News
A prominent Chinese policy think tank has recommended the creation of a 2 trillion yuan ($280 billion) stock market stabilization fund, according to a report from the 21st Century Business Herald. The proposal, put forward by the Institute of Finance & Banking,...
by Jibran Munaf | October 23, 2024 | Commodities
Saudi Arabia’s economic growth is forecast to accelerate significantly in 2025, driven by an anticipated increase in oil production after two years of more modest performance. This comes as OPEC+ prepares to raise output, according to a Reuters poll of...
by Jibran Munaf | October 23, 2024 | News
Apple Inc. CEO Tim Cook reaffirmed the company’s commitment to expanding its investments in China during a meeting with Jin Zhuanglong, China’s Minister of Industry and Information Technology, highlighting the critical role the country plays in Apple’s global...
by Jibran Munaf | October 23, 2024 | Cryptocurrencies
Bitcoin options traders are ramping up bets that the cryptocurrency will hit an all-time high of $80,000 by the end of November, regardless of the outcome of the upcoming U.S. presidential election. The implied volatility for Bitcoin options expiring around the Nov. 5...
by Jibran Munaf | October 23, 2024 | Markets, Stocks & Bonds
Asian stocks showed mixed performance on Wednesday, pressured by a strengthening U.S. dollar and uncertainties surrounding the upcoming U.S. election. Concerns about geopolitical tensions also weighed on market sentiment, with oil prices and U.S. futures falling after...
