Worldwide

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies

Google and Meta unveil their Nvidia challengers

Custom AI chips can give Nvidia headaches

Oil prices rebound by 27 cents, Brent crude reaches $87.27 per barrel

Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East

Dominican Republic seeks renewable energy cooperation with UAE to combat climate change

Caribbean officials highlighted UAE renewable energy investment opportunities and mutual benefits

Japan to commit $468.5 million to build supercomputers for domestic AI development

Japan’s ministry aims to promote domestic development of GenAI by upgrading the country's computing infrastructure

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

China’s marine fuel oil exports plunge 32 percent YoY to 1.32 million tons in March

The exports are primarily driven by sales from bonded storage for vessels operating on international routes

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years

Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President

Adesina said the devastating African drought demands urgent, collective action to boost support and financing

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

Oil prices soar $3 per barrel amid concerns of supply disruptions 

Brent futures rose by $2.63, reaching $89.74 per barrel

Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions

Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

What is Bitcoin halving? Expected date, price forecasts and market response

Cryptocurrency traders await the impending halving amidst divided market sentiment

Geopolitical tensions, stagflation risks boost gold rally in March: WGC report

Low participation from U.S. investors bodes well for gold's rally

Oil prices climb on China’s economic growth, Middle East tensions

Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel

Oil prices fluctuate amid Middle East tensions, but analysts see limited impact on supply

Brent crude futures for June delivery fell 23 cents, or 0.2 percent, to $90.22 per barrel

Unveiling the Arcadia Droptail: Rolls-Royce’s heavenly masterpiece

A rare glimpse into the world of bespoke luxury and artisan craftsmanship

Oil prices surge amid escalating Middle East tensions, economic data in focus

Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel