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Fed Acknowledges Stagflation Risks: Devere Warns Investors Must Act Swiftly
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The Federal Reserve has finally voiced what was previously unspoken: stagflation is not merely a remote possibility but a distinct and immediate concern. For several months, officials have skirted the issue. But now, they’ve shed their reservations. Here is Nigel Green, the CEO of leading financial advisory firm, presenting his analysis. deVere Group following…
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Dollar’S Rise Boosts Optimism, Pushes Won Below 1,400
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On May 9, the South Korean won depreciated beyond the 1,400 mark relative to the US dollar, marking its second consecutive day of gains as improved sentiment regarding reduced global trade frictions bolstered the American currency. The won started trading at 1,404.8 against each dollar, marking an increase of 8.2 won compared to the…
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Nippon Steel Foresees 43% Drop In Fy 2025 Profits Due To Tariff Troubles
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On Friday, Nippon Steel Corporation announced that they anticipate their net profit for the fiscal year 2025 will decrease by 42.9% to reach ¥200 billion ($1.38 billion). This outlook stems from increasing uncertainties surrounding the tariffs introduced by the United States. The Japanese steel company, struggling with its plans to purchase U.S. Steel Corp.,…
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Tokyo Stocks Surge Following U.S.-U.K. Trade Deal
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Tokyo stock prices surged significantly on Friday following a trade deal between the United States and Britain, which sparked optimism about advancements in negotiations between Washington and other trading nations. The Nikkei Stock Average with 225 issues concluded trading 574.70 points, equivalent to an increase of 1.56%, reaching 37,503.33, surpassing the 37,000 mark for…
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Vn-Index Breaks 4-Session Gaining Streak
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Vietnam’s benchmark VN-Index fell 0.2% to 1,267.3 points Friday after rising in the previous four sessions. The index finished 2.5 points down following an increase of 19.4 points in the preceding session. Trading on the Ho Chi Minh Stock Exchange fell 9.42% to VND17.31 trillion (US$661.2 million). The VN-30 basket, comprising the 30 largest…
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Daily Turnover Rockets To Rs 11.65 Billion As Nepse Drops 12.04 Points – International Edition
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On Thursday, Nepal Stock Exchange (NEPSE) dropped by 12.04 points, finishing at 2,661.64 points. Stockbrokers report that the secondary market showed negative performance following an influx of investors looking to secure profits from the increased share prices on Wednesday, as the market index rose by over 62 points. The secondary market began the session…
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Commonwealth Bank Drops Interest Rates In Good News For Millions Of Aussies With A Mortgage
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Commonwealth Bank trims variable mortgage rate Australia’s biggest home lender has cut its variable mortgage rates in a sign the Big Four banks are competing harder for new customers – with more official relief expected. The Commonwealth Bank has trimmed its online-only mortgage by six basis points to 5.84 per cent for new customers.…
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Mark-Odigie’S $Money2_0: Empowering 2,500 Nigerians In A Game-Changing Financial Summit
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Dr. Tope Mark-Odigie, a prominent figure in financial education and the creator of REB360, plans to gather more than 2,500 Nigerians for the highly anticipated Game of Money 2.0 Conference scheduled for May 10, 2025. The event is scheduled to occur by 8 am at the Kingsway International Christian Centre in Maryland, Lagos, offering…
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Bitcoin Soars Past $100K As U.S.-U.K. Trade Deal Optimism Takes Hold
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On Thursday, Bitcoin exceeded the $100,000 threshold for the first time since February, buoyed by encouraging developments in trade ties between the U.S. and major allies. The rally came after U.S. President Donald Trump announced a trade deal with the United Kingdom, designed to reduce American duties on British goods including steel, aluminum, and…
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Dollar Inches Up Against Dong – International Edition (English)
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On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies. Vietcombank sold its dollars at a rate of VND26,150, which was 0.07% higher than before. The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927. In the underground market,…