World

The stock market has been on a wild ride recently, with the Dow Jones Industrial Average hitting record highs only to pull back shortly after. Investors are grappling with the aftermath of a significant sell-off that occurred earlier in the month. This rollercoaster pattern has left many feeling uncertain about the future direction of the

The recent quarterly reports from major Chinese companies reveal that the local stock market requires a discerning eye for stock pickers. According to Lorraine Tan, director of Asia equity research at Morningstar, there has been a unique outperformance in certain companies. The overall trend shows weakness influenced by macroeconomic factors, with cautious guidance being issued.

The recent knife attack in the German city of Solingen, which resulted in the tragic deaths of three people and injuries to eight others, has been claimed by the Islamic State group. The group labeled the perpetrator as a “soldier of the Islamic State” and cited revenge for Muslims in Palestine and beyond as the

Bank of England Governor Andrew Bailey is set to address the progress made in damping inflation in the U.K. during a speech at the U.S. Federal Reserve’s central bank symposium in Jackson Hole, Wyoming. While recognizing the sharp decline in headline inflation, particularly due to energy and food price shocks subsiding, Bailey will also emphasize

Deutsche Bank recently announced that it has reached settlements with nearly 60% of the plaintiffs involved in a long-standing case regarding the underpayment for its acquisition of Postbank over a decade ago. According to the bank’s statement, agreements have been made with more than 80 plaintiffs to settle at 31 euros per share, as proposed

The Asia-Pacific markets experienced a decline on Wednesday following the downturn in the U.S. benchmark indexes. The S&P 500 slid by 0.2% while the Nasdaq Composite shed 0.33%. The Dow Jones Industrial Average also dropped by 0.15%. This trend was a stark contrast to the eight-day winning streak in the U.S. market, which ended the

The recent sinking of a luxury yacht off the coast of Sicily has left many individuals missing, including prominent figures such as the chairman of Morgan Stanley International, Jonathan Bloomer, and Clifford Chance lawyer Chris Morvillo. Bloomer, who has been serving as the chair of Morgan Stanley International since 2016, was on board the yacht

The financial markets have been quite volatile recently, seeing sharp sell-offs followed by sharp rebounds. Wall Street had a stellar week compared to the rough start earlier in the month, with significant gains across major indexes. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posted positive gains, with the Nasdaq leading the

The recent escalation in the conflict between Ukraine and Russia has seen accusations from Russia’s foreign ministry that Ukraine used Western rockets, likely U.S.-made HIMARS, to destroy a bridge over the Seym river in the Kursk region. Maria Zakharova, spokeswoman for the Russian foreign ministry, expressed on the Telegram messaging app that “For the first

A recent proposal for a settlement by Deutsche Bank in a long-standing legal battle has been criticized by a lawyer representing the plaintiffs. The offer, which is considered a “late low ball” proposal by the lawyer, has left many claimants dissatisfied. The core issue revolves around the accusation that Deutsche Bank undervalued its acquisition of