JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
Sectors
IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia.
Donald Trump's Newest Venture: Selling NFT Trading Cards With Bits of His Mugshot Suit and Exclusive Dinner Invites
Former President Donald Trump announced on Tuesday the sale of his new NFT "digital trading cards," which include snippets of the suit he wore in the mugshot taken on the day of his arrest in Georgia.
Dow Jones Hits an All-Time High After Federal Reserve Signals Interest Rate Cuts Next Year
After the Federal Reserve signaled it could start cutting interest rates next year if inflation continues to fall, the Dow Jones Industrial Average closed at a new record high.
In Historic Decision, US Greenlights a New Nuclear Reactor That Does Not Use Water for Cooling
In a historic move, the US Nuclear Regulatory Commission (NRC) has given California startup Kairos Power a construction permit for its Hermes demonstration reactor that departed from traditional nuclear reactor cooling method.
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Boeing has reportedly executed more substantial cuts than anticipated in its strategy teams. Boeing has reportedly executed more substantial cuts than anticipated in its strategy teams.
Pharmaceutical giant Pfizer said it is set to finalize its $43 billion acquisition of cancer drugmaker Seagen this week.
Argentina has announced a sharp devaluation of its currency, the Argentine peso, which will be devalued by 50%.
According to the latest CNBC Fed Survey, there is a growing expectation that the Federal Reserve will initiate rate cuts in June 2024.
It seems that Europe has secured its natural gas stocks for this winter, says the International Energy Agency. However, undersupply risks remain in the long term, and that's why the European Union countries, Italy in particular, keep looking for new partners. This opens new possibilities for aspiring natural gas importers, African Mozambique included.
Epic Games has accused Google of unlawfully making its Play Store dominant over rivals, and a US jury recently agreed with the creator of the Fortnite game.
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine. Amid the economic challenges intensified by its conflict with Russia, the International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine as part of an ongoing long-term loan.
India has taken the spot of Hong Kong as the world's seventh-largest stock market. India has taken the spot of Hong Kong as the world's seventh-largest stock market, marking a significant shift in global financial standings.
Giants like Facebook and YouTube have long dominated the social media landscape, while its content creators face increasing challenges, including limited monetization opportunities, censored content, and arbitrary rule enforcement. Philip Simpkins, Founder and CEO of Arro Social, has created a blockchain-based social media that will empower content creators with ownership of their content on a value-based platform.
