Tag: software development

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Canadian Dollar Heads for Wild Ride as Trump's Tariffs Loom

The Canadian dollar faces a volatile week ahead as US President-elect Donald Trump takes office. Traders anticipate potential tariffs on Canadian exports, leading to a surge in options bets on further losses. The loonie's volatility is at an eight-year high, hitting a near five-year low amid concerns over Trump's inauguration and the potential impact of his policies.

Trump Promises Historic Activity With Wave of Executive Orders

President-elect Donald Trump promises an avalanche of executive orders in the aftermath of his inauguration, with a focus on immigration, energy, and potential surprises

China's Crude Imports in 2024: Russian Supplies Surge, Saudi Arabia Dips

China's crude oil imports from Russia rose by 1% in 2024 compared to 2023, while imports from Saudi Arabia declined by 9% as refiners favored discounted Russian supplies. The total import volume from Russia amounted to a record high of 108.5 million metric tons.

Indonesia Opens Domestic Carbon Market to Foreign Buyers

Indonesia's domestic carbon exchange opens trading to foreign participants, aiming to restore its position as a major hub for offsets and attract more investment for local climate action.

Billionaires' Wealth Soared in 2024, Anti-Poverty Group Says

Billionaires saw their wealth soar in 2024, according to an anti-poverty group, as the elites prepare to gather for another meeting in Davos.

Paytm Sales Slide Again as Recovery Effort Continues

Paytm's revenue declines for the fourth quarter as it recovers from regulatory challenges. The Indian fintech company saw a 36% drop in revenue to $211 million, but net loss narrowed to $24 million. Paytm is seeking regulatory approval to become a payments aggregator and has sold non-core businesses to cut expenses.

Asian Stocks Rise on Optimism from Trump-Xi Call, Wall Street Signals

Asian equities rise as positive Trump-Xi Jinping conversation boosts sentiment. US futures dip slightly, with markets bracing for Trump's second term and China's loan prime rate announcement. Traders prepare for the World Economic Forum and Bank of Japan policy decision.

Cyclone Delays Australia's Major Iron Ore Exports

Cyclone Sean strengthens, shuts major iron ore ports in northwest Australia

Rising Yields Strain Regional Bank Balance Sheets as CRE Distress Reemerges

Surging Yields Strain Regional Banks' Balance Sheets Due to Commercial Real Estate Distress