South Korea central bank hits record annual profit
SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains...
Tag : financial markets
Alphabet becomes fourth company to cross $4 trillion valuation
MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among...
Global markets face disruption amid $17.3 trillion oil shock warning
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital...
Gold prices surge to record high near 4500 per ounce
LONDON, December 24, 2025: Gold prices surged to an all-time high on Monday, approaching the $4,500 per ounce mark, as investors sought stability amid volatile global...
UK inflation rises to 3% in January, surpassing expectations
UK inflation surged to 3% in January, surpassing forecasts, with rising transport and food costs fueling the increase, according to the Office for National Statistics....
European stocks hit record highs amid Ukraine peace hopes
European markets surged as defense and banking stocks drove the STOXX 600 to a record high, fueled by military spending growth and easing trade tensions....
Germany’s Commerzbank announces 3,900 job cuts as part of new plan
Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing...
Nobel economist says Bitcoin will go bust, questions its utility
Nobel laureate Eugene Fama warns Bitcoin may be worthless in 10 years, arguing its volatility prevents it from being a viable currency. His remarks reignite...
U.S. consumers ramp up retail spending in July despite high prices
Consumer spending in the U.S. experienced a notable boost in July, with retail sectors like autos and electronics leading the gains....
UAE IPOs accumulate $890 million in second quarter 2024
UAE's IPOs raise a robust $890 million in Q2 2024, with significant listings on the Abu Dhabi and Dubai exchanges....