The British pound faced its steepest decline since late 2022 following remarks by Bank of England (BoE) Governor Andrew Bailey, who hinted at the possibility of more aggressive interest rate cuts. Sterling dropped over 1% against both the euro and the US dollar after Bailey suggested that the central bank could adopt a more “activist”

Warren Buffett’s Berkshire Hathaway Inc. is preparing for its second yen-denominated bond sale this year, sparking gains in Japanese trading houses amid speculation that the firm may increase its investments in Japan. This move is closely monitored by investors as it could signal further capital deployment into the region’s equities. Berkshire has engaged BofA Securities

A new exchange-traded fund (ETF) is providing investors with a fresh way to generate income from stocks, this time targeting an unexpected player: the Nasdaq 100. Typically known for growth stocks rather than dividends, the tech-heavy index is at the core of Pacer ETF Distributors’ latest innovation. Last week, Pacer launched the Metaurus Nasdaq 100

Shares of AP Moller-Maersk A/S jumped as much as 4.9%, continuing their upward momentum amid growing concerns that labor negotiations with U.S. port workers could break down, leading to significant supply chain disruptions. These developments have raised expectations that freight rates will increase, benefiting shipping companies like Maersk. The shipping giant responded to the looming

Commodities markets rallied sharply after China introduced a series of bold measures aimed at boosting economic growth and stabilizing its distressed property sector. The price of iron ore spiked significantly, with copper also advancing to its highest levels since July, signaling renewed optimism among investors. In a sweeping announcement, People’s Bank of China Governor Pan

Pakistan’s stock market closed near an all-time high on Thursday, driven by strong foreign inflows and an improving macroeconomic outlook. The benchmark KSE-100 Index of the Pakistan Stock Exchange rose by 1.1%, finishing just below its previous peak of 81,865.10, after hitting a fresh intraday high earlier in the session. So far this year, the

Bond traders who have been intensely speculating on the size of the Federal Reserve’s anticipated rate cut are about to see if their bets pay off. The market is now fully pricing in a quarter-point rate reduction as the central bank is expected to kick off a new rate-cutting cycle. However, there remains a nearly

European stock futures rose modestly while Japanese equities declined, as global investors turned their focus to key central bank decisions this week. European futures advanced 0.4%, following similar movements in Australia and Hong Kong. However, Japan’s Nikkei 225 slipped, weighing on the broader regional index. U.S. stock futures remained steady after the S&P 500 posted

Chinese home appliance powerhouse, Midea Group Co., successfully raised $4 billion in its Hong Kong initial public offering (IPO), capitalizing on robust investor demand. The deal, Hong Kong’s largest share sale in over three years, saw the company price its shares at the upper end of the marketed range, demonstrating a solid appetite for the