Trump Holds Rally at Madison Square Garden Amid Controversial Remarks from Allies Republican presidential candidate Donald Trump hosted a rally at New York’s Madison Square Garden on Sunday, which opened with a series of vulgar and racist comments from his supporters. A longstanding celebrity in New York, Trump aimed to use the event, […]

Trump’s Rising Polls Stir Concerns Among Global Finance Leaders at IMF and World Bank Meetings Amid discussions on low growth, high debt, and escalating global conflicts, a primary concern emerged among finance leaders at the recent International Monetary Fund (IMF) and World Bank meetings in Washington: the potential economic implications of a Donald Trump return

Global Companies Reevaluate Strategies in China as Economic Slump Persists Companies worldwide are reevaluating their operations in China as the country’s economic struggles persist despite government intervention. Major brands like Hermes, L’Oreal, Coca-Cola, United Airlines, Unilever, and Mercedes report decreased spending by Chinese consumers, pressured by a prolonged property crisis and high youth unemployment. Some

Japan Faces Political Uncertainty as Election Results Shake Ruling Coalition Japan’s political landscape entered a period of uncertainty on Monday after voters dealt a blow to Prime Minister Shigeru Ishiba’s ruling coalition, leaving no single party with a clear mandate to govern the world’s fourth-largest economy. The unexpected election outcome sent the yen to a

China Issues Renewed Warning to EU Over Separate EV Negotiations China has reiterated its warning to the European Union, cautioning that if the EU engages in separate negotiations with electric vehicle (EV) companies while still in talks with China, it could undermine mutual trust and disrupt overall discussions. This message, released by China’s Commerce Ministry

Bitcoin Edges Higher Amid Mixed Market Signals and Tether Investigation Concerns Bitcoin gained slightly on Monday, following a muted weekend as its push towards record highs was dampened by news of a U.S. government investigation into Tether, a major player in stablecoins. Crypto prices saw some support from improved market sentiment after Israel’s recent attack

Olympus CEO Dismissed Amid Allegations of Drug Purchase, Shares Plunge 6% Japanese endoscope manufacturer Olympus Corp. announced on Monday the dismissal of Chief Executive Stefan Kaufmann following allegations that he purchased illegal drugs, resulting in a 6% drop in the company’s share price. Kaufmann, a German national who assumed the CEO role in April of

Gold Prices Dip Amid Eased Middle East Tensions and Stronger Dollar Gold prices slipped from near-record highs in Asian trading on Monday as reduced fears of a wider Middle Eastern conflict lessened the demand for safe-haven assets. Traders showed a preference for the U.S. dollar, driven by the anticipation of the 2024 presidential election, which

  Political Uncertainty in Japan After Election Shake-up Japan’s political future remains uncertain as voters rebuked Prime Minister Shigeru Ishiba’s scandal-plagued coalition, leaving no party with a clear mandate to govern the world’s fourth-largest economy. This uncertainty has driven the yen to a three-month low, with analysts predicting potential days—or even weeks—of political negotiation to

Preview of the Week in European and Global Markets by Vidya Ranganathan The week ahead in financial markets promises to be action-packed, with a mix of pivotal events. Key highlights include Japan’s election results, an intense U.S. corporate earnings calendar, Britain’s upcoming budget, and the U.S. election that’s just around the corner. Following Japan’s weekend