In recent years, China's yuan has replaced the US dollar as the most traded currency in Russia, marking a significant shift in the global financial system. China has made significant strides in expanding the use of its currency, in global transactions. One notable development is the increasing adoption of...
Read moreThe world's leading electric vehicle manufacturer, Tesla reports impressive delivery figures for the first quarter of 2023, with 422,875 deliveries reported. This marks a significant increase compared to the same period last year and is a testament to the company's continued growth and popularity. Tesla's strong performance in the...
Read moreJack Ma led Alibaba is one of the world's largest e-commerce platforms, with a presence in over 200 countries and regions around the world. Jack Ma is known for his strategic vision and his ability to engineer major changes in the company's business model. In recent years, Ma has...
Read moreAdani Group, one of India's largest conglomerates, has reportedly pulls back its ambitious growth targets after a Hindenburg bomb report by short-seller Hindenburg Research last year. The report, which accused Adani of financial impropriety and environmental violations, led to a sharp drop in the company's stock price and forced...
Read moreAsian shares have been on the rise in recent weeks, as anxiety over the health of banks in the region begins to fade. Investors have been buoyed by strong earnings reports from some of the region's largest banks, as well as signs of economic recovery in key markets like...
Read moreBlackRock and Fidelity are among the top asset managers who have lost a combined $1 trillion in China's pension market, according to recent reports. This loss comes as China moves to nationalize its pension system, which has been managed by a number of private asset managers for the past...
Read moreIn a recent move, First Citizens Bancshares, a North Carolina-based bank, has announced its acquisition of Run on Lender (RoL), a California-based fintech lender that specializes in small business loans. This acquisition comes just months after Silicon Valley Bank (SVB) also announced its acquisition of the fintech lender, marking...
Read moreFord Motor Company recently announced that it expects to lose $3 billion on its electric vehicle (EV) business this year. The announcement came as the company emphasized its "startup mindset" and commitment to transitioning to a fully electric vehicle lineup. The loss, which was reported in Ford's fourth-quarter earnings,...
Read moreJack Dorsey, the co-founder and former CEO of Twitter, is no stranger to ups and downs in his net worth. However, in recent years, his wealth has taken a hit, with a recent Hindenburg short causing a tumble of $526 million. Let's take a closer look at what happened...
Read moreGameStop, the American video game retailer that has been the subject of much attention in the financial world in recent months, has posted a surprise profit, causing its shares to rise. The company's stock has been the subject of a frenzy of buying and selling by amateur traders and...
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