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Crypto assets could replace fiat currencies within as little as 5 years, financial execs tell Deloitte
In a survey, 76% of execs said crypto will at least provide a strong alternative to fiat, which mea…
Camomile Shumba
Tom Barrack's SPAC withdraws its IPO filing days after the billionaire was arrested and charged with illegal lobbying
Falcon Acquisition filed for a $250 million IPO in March with the goal of targeting tech-driven bus…
Isabelle Lee
Oil sinks to 7-week low as OPEC+ deal to increase supply arrives as Delta variant cases surge
West Texas Intermediate oil prices had climbed about 40% this year on expectations of renewed deman…
Carla Mozée
Dow plummets 726 points for worst day of 2021 as virus variants threaten global recovery
"While the second-quarter earnings reports have so far beat expectations, this is old news now," an…
Isabelle Lee
Global stocks tumble as Delta-variant cases soar; oil falls after OPEC+ reaches a deal on supply
Rising COVID-19 cases linked to the Delta variant caused investor concern about a delay in economic…
Sophie Kiderlin
US stocks end mixed as Fed Chair Powell's continued backing of stimulus raises economic questions
Stocks fell after mixed data on the economy's recovery and a second day of congressional testimony …
Carla Mozée
US stocks slip as investors weigh jobless claims with Fed chief's messaging on inflation
Fed Chairman Powell will appear for a second day of testimony on Capitol Hill after reiterating his…
Carla Mozée
Global stocks waver after Fed's Powell says surging US inflation will fade
The Fed chair said inflation data so far has been higher than expected, but is linked to a small gr…
Shalini Nagarajan
US stocks trade mixed as Powell reiterates in testimony that inflation will pass
The Fed chief said he expects inflation to moderate and that the central bank will stay on track wi…
Isabelle Lee
US stocks rise as Fed Chair Powell says the US economic recovery still has further to run before tapering
Federal Reserve Chair Jerome Powell said the US job market "is still a ways off" from the progress …
Isabelle Lee
Oil prices could easily soar above $100 a barrel as OPEC+ members face off over production, former US energy secretary says
Former US Energy Secretary Dan Brouillette said the OPEC+ rupture could cause oil prices to rocket …
Harry Robertson
Oil hits 3-year high after OPEC+ abandons their meeting, meaning supply could tighten even further
Now that there's no deal to boost production more quickly, it could signal tighter supply and risin…
Shalini Nagarajan
Oil holds above $75 as investors weigh OPEC+ deadlock with fresh talks ahead
Analysts say that if the deadlock is not resolved, oil prices could either skyrocket if supply is t…
Sophie Kiderlin
European stocks edge lower as investors eye the spread of the Delta variant, while China's tech sector weighs regulatory scrutiny
Covid-sensitive assets struggled, with the STOXX 600 Travel & Leisure index falling in its third su…
Shalini Nagarajan
US investors reported over $50 million in losses from crypto scams to the Federal Trade Commission in the first quarter
US investors reported a roughly 80% increase in crypto scam losses since the fourth quarter of 2020…
Will Daniel
China's digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics
The Beijing Olympics would be the first time international visitors could use the digital currency,…
Sophie Kiderlin
The UAE pardoned a British student convicted to life in prison after showing a purported confession video where he says he works for MI6
UAE Attorney General Hamad Al Shamsi also said that during his questioning, Hedges "admitted to the…
Alexandra Ma
The US and Israeli defeat of Iranian missiles is a big boost for its strained regional alliance
The aerial success against Iran's missiles was a major boost for the US's aim of a defensive allian…
Paul Iddon
Rupee, bond yield ends almost flat ahead of the long weekend
At the interbank foreign exchange market, the rupee ended at 79.66 against the US dollar, as aga…
India intends to hire people more in the July-September quarter: TeamLease
Large companies show the highest intent to hire, while small businesses exhibit the highest growth …