Global stocks jump on late Wall St. rally; crude oil shines

15-03-2020
Late on Friday, a gauge of global stock indices rebounded sharply following a late-rally in the Wall St. which had also witnessed Dow Jones’ biggest intra-session leapfrog since the ages of great financial depression in 2008

Stock Exchange operator CME to shut down Chicago trading floor

13-03-2020
CME Group Inc. said in a statement late on Wednesday, the 11th of March 2020, that the exchange operator would shut down its Chicago trading floor after business hours on Friday (March 13th)

Zambia to buy unofficially mined gold, seeks to validate unregulated mining

09-03-2020
On Friday, Zambia’s two-decade old mining company, ZCCM Investments Holdings, 77.7 per cent owned by the Zambian Government, had issued a statement saying that the Zambia’s investment wing had begun to purchase gold from unofficial traders

Lebanon sets stage for default, declares can’t pay off sovereign debts

08-03-2020
Lebanon had issued a statement saying that Beirut would not be able to meet a $1.2 billion Government debt or bond payments scheduled to be matured on March 9th, settling the stages for a potential default

Industrial metals gain on positive market response to Fed’s emergency rate-cut

05-03-2020
On Wednesday, the 4th of March 2020, a number of industry-grade metal futures’ prices including copper had snapped a coronavirus-led losing streak

Swiss Central Bank to double pay offs after whopping $50 billion in profit last year

03-03-2020
On Monday, the 2nd of March 2020, the Swiss National Bank (Switzerland’s Central Bank) had issued a statement saying that the borrower had recorded an annual profit of $50.71 billion or 48.9 billion Swiss Franc last year

Dubai Islamic Bank postpones Sukuk bonds amid coronavirus volatility

03-03-2020
Dubai Islamic Bank, the 45-year-old financial services provider headquartered in Dubai, had cancelled a planned issuance of its US Dollar denominated Sukuk bonds

Lion Air puts $500 million IPO on hold amid global equity market mayhem

01-03-2020
Lion Air Group have been exploring an option to postpone a planned IPO (Initial Public Offering) due to an en masse sell-off stampede in the global equity markets

US stock exchanges say prepared for virus outbreak as US reports first coronavirus pt

27-02-2020
On Wednesday, the 26th of February 2020, a slew of US stock exchanges said in separate statements that they had been closely monitoring the recent developments of coronavirus outbreak

Gold surges nearly 3%, wings its way to fresh 7-year-peak as pandemic fear sparks

25-02-2020
On Monday, the 24th of February 2020, the precious metal, gold futures’ prices had bolstered its safe-haven bid as the US Dollar greenback had faced off a flurry of controversial narratives

Coronavirus pandemic fears spur up new round of dollar buying, gold gains 1%

24-02-2020
On Monday, the 24th of February 2020, global-scale spread of Coronavirus outbreak had sent a shockwave in to the equity and FX market

China firms rush on to $10bn share sales as fundraising rules ease amid virus worries

24-02-2020
Over the week that ended on February 23rd, a number of mainland Shanghai-listed Chinese companies were rushing on to issuance of new shares as a part of their fundraising campaign

Gold holds firm above seven-year-peak as coronavirus impact stokes safe haven demand

20-02-2020
On Wednesday, the 19th of February 2020, the precious metal, spot gold futures’ prices had hit a seven-year peak of $1,610.80 an ounce before wrapping up the day 0.5 per cent higher to $1,611.80 per ounce

Buffet’s Berkshire buys Kroger & Biogen, lowers stakes in Wells Fargo, Goldman Sachs

16-02-2020
Late on Friday, Warren Buffet’s investment fund Berkshire Hathaway had issued a public statement saying that the company had seized a $549.1 million worth of stake in the largest US hypermarket chain operator, Kroger Co

Tesla Inc. seeks to capitalize on its meteoric stock surge with $2 billion share sale

15-02-2020
On Thursday, Tesla Inc. had issued a statement saying that the carmaker was exploring an option to raise as much as $2 billion through a stock offering

Vivendi plans Universal IPO by early-2023

14-02-2020
On Thursday, Vivendi SA, the Paris-based French mass media conglomerate, had issued a statement saying that the French mass media megalith had been brewing off an option to list its most valuable asset, Universal Music Group

E-cigarette maker Juul Labs hooks $700 million in convertible debt from investors

07-02-2020
San Francisco-based e-cigarette manufacturer and a vaping industry giant, Juul Labs Inc.

India to issue $5bn rupee-denominated bonds in 2021 with no foreign investment cap

07-02-2020
India, the fifth-largest economy across the globe by nominal GDP, would likely to issue as little as $5 billion worth of internationally-traded rupee denominated bonds as early as by next year

Wizz Air’s top shareholder Indigo Partners to sell shares worth of £500 million

04-02-2020
Wizz Air, the Budapest-based low-cost Hungarian airlines that serves many cities across Europe, North America and Middle East, would likely to witness an en masse sell-off of its shares held by its largest stakeholder, private equity firm, Indigo Partners

Virus fears shrugs $393 billion off Mainland Shanghai despite $174 billion stimulus

04-02-2020
On Monday, the 3rd of February 2020, traders in Mainland Shanghai lost more than $393 billion from the China’s benchmark stock index amid a growing outcry over a strident spreading of Wuhan coronavirus

Carlyle’s Atotech to delay IPO due to coronavirus outbreak

03-02-2020
Carlyle Group Inc. had reached a decision to delay the IPO (Initial Public Offering) as well as public market debut of its German specialty chemical firm, Atotech

Economic bellwether Copper in longest losing streak in 6-yrs as China virus jitters

28-01-2020
On Monday, the 27th of January 2020, it had been a bloodbath for the industrial metals as China’s Wuhan Coronavirus outbreak that gathered momentum over the weekend and raised death toll to 81 over the course of last week

Global Foreign Direct Investment drools last year amid Hong Kong divestment, Brexit

22-01-2020
On Monday, the 20th of January 2020, the United Nation had revealed a report on Foreign Direct Investment (FDI) in 2019, while UN report had exposed a marginal drop in FDI last year

Palladium rally climbs record $2,500 an ounce as industrial metals gain

19-01-2020
On Friday, the 17th of January 2020, a flurry of industrial metals across the boards of the commodity markets all over the globe posted solid gains

JPMorgan rates Saudi Aramco stocks ‘overweight’ amid signs of geopolitical hobbles

17-01-2020
On Wednesday, the United States’ largest lender, JPMorgan Chase & Co., headquartered in the New York City, had rated the Saudi's state-owned oil giant, Aramco, ‘overweight’ with a price target of 37 Saudi Riyals ($9.86) per share