Facing growing unease from traders over the safety of the world’s largest cryptocurrency exchange, Binance has yielded to customer pressure by enabling certain larger traders to hold their assets with independent custodians. This move comes in the wake of the exchange being fined by US authorities last year. Previously, Binance clients were limited to holding […]

In an effort to curb a deepening stock market decline, China has officially restricted short selling after previous informal measures failed to yield the desired results. The Shenzhen and Shanghai bourses announced on Sunday that investors purchasing shares will not be allowed to lend them for short selling within an agreed lock-up period. The new […]

Sales of mutual funds focused on climate initiatives have experienced a sharp decline of 75% over the past two years, grappling with a combination of challenges ranging from high-interest rates to lackluster performance and a political campaign in the United States against socially conscious investments. According to provisional figures from data provider Morningstar, climate-focused funds […]

In an effort to counter the recent slump in the Chinese stock market, authorities in China are contemplating a comprehensive package of measures, according to sources familiar with the matter. Previous attempts to restore investor confidence fell short, prompting Premier Li Qiang to call for “forceful” steps. Insiders reveal that policymakers are considering mobilizing approximately […]

The Brazilian real experienced a sell-off on Monday following the announcement of a new industrial development plan by leftist President Luiz Inacio Lula da Silva, aimed at revitalizing the country’s sluggish growth through state credits and subsidies over the next decade. Lula, seeking to replicate the strategies from his 2003-2010 presidential terms, expressed the need […]

In an unprecedented surge, the U.S. corporate bond markets are witnessing a remarkable boom as companies have successfully sold a record-breaking $150 billion worth of debt since the beginning of this month, marking the most active start to the year in over 30 years. Data from the London Stock Exchange Group reveals that investment-grade groups […]

In a historic move, US regulators have granted approval for exchange-traded funds (ETFs) that directly invest in Bitcoin, marking a significant milestone for the approximately $1.7 trillion digital asset sector. The Securities and Exchange Commission (SEC) has given the green light to funds managed by industry giants BlackRock, Invesco, and Fidelity, as well as smaller […]

Global oil prices experienced a sharp decline on Monday following Saudi Arabia’s decision to slash its official selling price for oil exports in February. The move, aimed at maintaining competitiveness in the market, overshadowed heightened tensions in the Middle East. Brent crude, the international oil benchmark, witnessed a 3.9% drop, settling at $75.70 a barrel, […]

Private investors in the UK are on track to make the largest withdrawal from London-listed equities in over two decades by the close of 2023. The escalating cost of living crisis is intensifying this trend, contributing to a significant flight from the local market. According to the latest data from the Investment Association, British retail […]

In a notable development on Wednesday, U.S. Treasury yields experienced a decline as investors carefully deliberated the prospective landscape of monetary policy and financial markets for the upcoming year. The 10-year Treasury yield exhibited a substantial drop of nearly 10 basis points, settling at 3.789%, while the 2-year Treasury yield saw a modest decrease of […]