S. Korea plans to shift from CD rates to KOFR as benchmark
South Korea is set to introduce new guidelines to encourage the adoption of the Korea Overnight Financing Repo rate…
Huawei challenges Nvidia in China with new AI chip launch
Huawei Technologies is reportedly nearing the launch of a new artificial intelligence (AI) chip, aiming to…
Telegram hit with $43,500 fine in Moscow
The Tagansky Court of Moscow has fined Telegram 4 million roubles ($43,500) for not removing information prohibited…
Sterling up after June jobless rate defies expectations
The pound sterling rose on Tuesday following the release of unemployment data for June, which showed an unexpected…
China’s yuan-denominated loans surge to $1.89t in 7 months
China's yuan-denominated loans expanded significantly during the first seven months of the year, reaching a total…
S. Africa’s mining production falls 3.5% YoY in June, sales 18.2% up
South Africa's mining production in June 2024 declined by 3.5 per cent year-on-year (YoY), with significant…
HDFC Bank leads Indian shares losses
Indian shares declined on Tuesday, with HDFC Bank leading the losses due to lower-than-expected inflows from a…
UK most favourable European stock market by far – BofA survey
Britain's stock market has surged in popularity among European investors, as revealed by a Bank of America survey.
S. Africa’s unemployment rate rose to 33.5% in Q2
South Africa's unemployment rate rose to 33.5 per cent in the second quarter of 2024 for the third time in a row,…
Russian broker successfully offloads $87m in frozen assets
The Russian broker managing an asset swap scheme to release frozen funds for investors reported on Tuesday that it…
