Understanding currency fluctuations
One notable instance of the chaos sparked by unfavourable currency fluctuations is the ‘Asian Financial Crisis’ that commenced in the summer of 1997 due to the devaluation of the Thai baht...
Tag : United States
UBS’s Credit Suisse takeover: From crisis to success
UBS reported a net loss of $785 million for the June-to-September 2023 quarter, driven by costs tied to the Credit Suisse rescue deal, which came in at $2 billion...
Why did Gold prices hit a new record high?
In periods of economic uncertainty, investors typically view gold as a safe haven...
Tesla stock tumbles after Wells Fargo’s ‘no growth’ statement
Tesla will increase prices for all Model Y cars in the United States by USD 1,000 from April 2024...
IF Insights: Bitcoin breaks record as the much-awaited halving approaches
Only roughly 1.35 million Bitcoins remained to be released through mining rewards as of March 2024, out of the approximately 19.65 million Bitcoins in circulation...
Increasing its capital deployment, Saudi’s PIF to acquire stakes in Binladin Group
Saudi Binladin Group, which operates in construction, power, and industry, has built over 15 Saudi Arabian buildings...
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...
IF Insights: After the March 2023 horror, US banking sector now faces ‘NYCB Test’
After the 2023 banking crisis, exposure to commercial real estate loans was seen as the next big risk to American banks...
Business Leader of the Week: Meet Thomas Peterffy, legendary Wall Street billionaire
Consistently pushing to replace manual processes with automated ones, Thomas Peterffy wrote code in his head during the trading day and then applied his ideas to computerised trading models...
IF Insights: Investors bullish as Japan’s Nikkei registers massive peaks
London Stock Exchange data showed that one-third of Nikkei 225 companies trade below book value, compared to 3% for the S&P 500...