Tesla’s China-made EV sales posted their first year-on-year growth in nine months in June, signaling a potential turning point for the U.S. electric vehicle giant in the world’s largest auto market. According to data released Wednesday by the China Passenger Car Association (CPCA), Tesla delivered 71,599 vehicles from its Shanghai Gigafactory last month, representing a […]
Copper prices climbed to their highest level in three months on Tuesday, supported by a late-session buying spree in China and renewed optimism surrounding a manufacturing rebound in the world’s second-largest economy. The gains reflect growing investor confidence that China’s industrial demand for base metals may be stabilizing amid signs of a thaw in US-China […]
SINGAPORE, July 2, 2025 — Global stock markets saw modest gains on Wednesday while the U.S. dollar remained under pressure, weighed down by rising Fed uncertainty and renewed anxieties over Trump tariffs. Investors are closely watching developments around potential U.S. interest rate cuts and the looming July 9 deadline set by President Donald Trump for […]
Fed Chair Powell says he would’ve cut rates already if not for Trump’s tariffs More market chaos could come in hot this weekScroll back up to restore default view. Christine Ji Wed, July 2, 2025 at 3:05 AM GMT+1 2 min read FILE PHOTO: U.S. President Donald Trump gestures with Jerome Powell, his nominee to […]
LONDON, July 2, 2025 — Oil prices remained largely unchanged on Wednesday, as investors balanced expectations of rising OPEC+ supply next month with a weakening U.S. dollar and mixed economic signals from the world’s largest oil consumer. As of 07:45 GMT: Brent crude was up 5 cents at $67.16 per barrel West Texas Intermediate (WTI) […]
SYDNEY, July 2, 2025 — Australia’s retail sales posted a marginal gain in May, increasing just 0.2% month-on-month, according to new data from the Australian Bureau of Statistics (ABS). The sluggish growth highlights persistent consumer caution and has boosted market expectations for a rate cut by the Reserve Bank of Australia (RBA) next week. Weak […]
WASHINGTON, July 1, 2025 — Federal Reserve Chair Jerome Powell signaled that a potential interest rate cut in July 2025 remains a possibility, though he emphasized that any decision will hinge on upcoming economic data. Speaking at a European Central Bank monetary policy conference in Portugal, Powell acknowledged that the Fed might have already cut […]
Renowned Nigerian rapper Jude Abaga, popularly known as MI Abaga, has publicly expressed regret for his past support of the All Progressives Congress (APC), Nigeria’s ruling political party. In a candid post on social media, the veteran musician acknowledged his disappointment with the party’s performance and admitted he feels let down by the current state […]
July 2, 2025 — The traditionally strong performance of Asian equities in July may be tested this year, as renewed Trump tariff risks and global macroeconomic uncertainties weigh heavily on investor sentiment. Trade Tensions Threaten Seasonal Gains in Asia Historically, July has been the second-best month for Asian stocks, with the MSCI Asia Pacific Index […]
Nollywood filmmaker Daniel Ademinokan has publicly called out his ex-wife, actress Stella Damasus, over her recent statements about their divorce, accusing her of spreading falsehoods and refusing to move on three years after their split. In a fiery social media post that has since gone viral, Ademinokan expressed his frustration and disappointment at Damasus’s continued […]
