The authorities of Australia have snatched liquid methamphetamine worth over A$1 billion from a cargo of art supplies and silicon bras. The government under Malcolm Turnbull is working hard to eradicate this serious issue from the Australian soil and rescue the drug victims from being depleted.

London is the core economic hub of Europe. Leaving out from the European Union will force the businesses to be pulled out from the UK, argue some analysts. However, HSBC Board’s decision to retain headquarters in London appears to be the best answer to the believers.

Although stock market instability still affects the market worldwide, but an International economist argued that it is far from upsetting American middle class. However, market volatility continued as indexes fell for five consecutive days.

The weakening Rupee against the US dollar and downfall on financial markets are not exceptional. The Indian currency is doing well as it's strengthening against other global currencies. Indian markets tumbled on Thursday as key indices Sensex and Nifty fell over three percent led by banking stocks.

VTech Holdings said that it has entered into an agreement to acquire electronic toymaker LeapFrog in an all cash offer. The electronic learning toy maker will fund the acquisition with the internal resources.

Malysia has been witnessed to rock heavily centering 1MDB scandal. Both Malaysian currency and stock have been nose-dived over the past year and capital outflow taken place more frequently. The existing economic turmoil has led Moody’s to change Malaysia’s economic outlook from positive to stable citing 1MDB related economic turmoil as the reason.

The gold buying demand from China is surging from last December onwards owing investors' priority to safe haven assets. The sluggish stock markets, weaker currency and lower global prices are prime reasons for the rising demand for the yellow metal. The consumption rose 3.7 percent to 985.9 metric tons in 2015.

MSCI to delist Hong Kong firms over high shareholding concentration. The companies eliminated will not be eligible for enclosure in MSCI Global Investable Market Indexes until adequate public disclosure on their stockholdings is produced.

Wynn Palace, an under construction casino, is widely expected to attract Chinese consumers and thus transform Macau to a popular tourist region. The casino project has been expected to be completed by June 25 followed by a revision on deadline. But work progress seems to be slow and the contractor for the $4.1 billion project is probably going the miss the extended time frame further. Steve Wynn, founder of Wynn Macau Ltd. has sent a letter to the construction company cautioning to count compensation up to $200 million if it fails to meet the revised deadline.

Wearable IoT (Internet of Things) World launched Monday its Hong Kong operation after receiving $4.5 million worth of funding from China-based investor Radiant Venture Capital.