Jerry Lin
The Latest
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Global Economic Growth Faces Headwinds: OECD Urges Central Banks to Maintain High Interest Rates Amid Inflation Concerns
The Organization for Economic Co-operation and Development (OECD) warns that countries might be embroiled in a prolonged battle against inflation, suggesting that persistent high interest rates could dampen economic growth in 2024. 
The Organization for Economic Co-operation and Development (OECD) warns that countries might be embroiled in a prolonged battle against inflation, suggesting that persistent high interest rates could dampen economic growth in 2024. -
Bitcoin Regains Momentum, Approaching $27,000 Mark Amid Market Dominance
In a notable resurgence, Bitcoin (BTC), the pioneering cryptocurrency and the market leader by capitalization, has surged in dominance, capturing 50% of the cryptocurrency market. This comes as the digital currency briefly touched the $27,000 price level earlier this week, signaling renewed optimism among investors after a period of trading below the $26,000 threshold. 
In a notable resurgence, Bitcoin (BTC), the pioneering cryptocurrency and the market leader by capitalization, has surged in dominance, capturing 50% of the cryptocurrency market. This comes as the digital currency briefly touched the $27,000 price level earlier this week, signaling renewed optimism among investors after a period of trading below the $26,000 threshold. -
Saudi Arabia Focuses on Market Stability Over Oil Price Targets: Monthly Production Reviews in Place
On Monday, Saudi Energy Minister Abdulaziz bin Salman, while attending the 24th Global Oil Conference in Calgary, stated that OPEC's primary goal is to maintain stability in the oil market and enhance global energy security, rather than setting specific crude oil price targets. He emphasized the global need to focus on energy security, with the main priority being market stability. He mentioned that the International Energy Agency's (IEA) warnings have not come to fruition. 
On Monday, Saudi Energy Minister Abdulaziz bin Salman, while attending the 24th Global Oil Conference in Calgary, stated that OPEC's primary goal is to maintain stability in the oil market and enhance global energy security, rather than setting specific crude oil price targets. He emphasized the global need to focus on energy security, with the main priority being market stability. He mentioned that the International Energy Agency's (IEA) warnings have not come to fruition. -
Gold Prices Rise Ahead of Key U.S. Federal Reserve Meeting
Gold prices experienced a boost on Monday, with the U.S. dollar showing a slight pullback. Investors are keenly awaiting a series of pivotal central bank policy meetings scheduled for this week. The U.S. Federal Reserve, in particular, is in the spotlight, as market participants widely anticipate the institution to hold off on any interest rate hikes for the time being. 
Gold prices experienced a boost on Monday, with the U.S. dollar showing a slight pullback. Investors are keenly awaiting a series of pivotal central bank policy meetings scheduled for this week. The U.S. Federal Reserve, in particular, is in the spotlight, as market participants widely anticipate the institution to hold off on any interest rate hikes for the time being. -
Brent Crude Nears $95, Poised for Biggest Quarterly Surge Since Russia-Ukraine Conflict
As global oil consumption remains robust and OPEC+ members cut production to deplete reserves, oil prices are soaring. 
As global oil consumption remains robust and OPEC+ members cut production to deplete reserves, oil prices are soaring. -
Hong Kong's Central Bank Cautions Against Misleading Crypto Descriptions
In a move to safeguard the interests of investors and maintain the integrity of its financial system, Hong Kong's central bank has issued a stern warning against cryptocurrency businesses that label themselves as "banks". The Hong Kong Monetary Authority (HKMA) emphasized that such nomenclature could mislead the public, potentially leading them to believe that these entities are authorized banking institutions within the region. 
In a move to safeguard the interests of investors and maintain the integrity of its financial system, Hong Kong's central bank has issued a stern warning against cryptocurrency businesses that label themselves as "banks". The Hong Kong Monetary Authority (HKMA) emphasized that such nomenclature could mislead the public, potentially leading them to believe that these entities are authorized banking institutions within the region. -
Yen's Decline Sparks Gold Rush in Japan: Echoes of Inflation Concerns
As the traditionally safe-haven Japanese yen takes a tumble, the Japanese public is turning to gold to hedge against inflation, pushing domestic gold retail prices to historic highs. 
As the traditionally safe-haven Japanese yen takes a tumble, the Japanese public is turning to gold to hedge against inflation, pushing domestic gold retail prices to historic highs. -
Rice Prices Soar: HSBC Warns of Echoes from the 2008 Asian Food Crisis
Amid growing supply concerns, global rice prices have surged to their highest levels since 2008. HSBC Bank warns that this could pose additional challenges for central banks battling inflation. 
Amid growing supply concerns, global rice prices have surged to their highest levels since 2008. HSBC Bank warns that this could pose additional challenges for central banks battling inflation. -
iPhone 12 Sales Halted in France Over Radiation Concerns, Sparks EU-Wide Scrutiny
On September 12, France's National Frequency Agency (ANFR) announced that tests revealed the Apple iPhone 12's electromagnetic radiation levels exceeded European Union standards. As a result, Apple has been instructed to temporarily halt sales of this model in France. Apple responded by emphasizing that the iPhone 12 has been certified by multiple international institutions and meets global radiation standards. 
On September 12, France's National Frequency Agency (ANFR) announced that tests revealed the Apple iPhone 12's electromagnetic radiation levels exceeded European Union standards. As a result, Apple has been instructed to temporarily halt sales of this model in France. Apple responded by emphasizing that the iPhone 12 has been certified by multiple international institutions and meets global radiation standards. -
Oil Prices Surge: U.S. Crude Breaks $90 for First Time Since Last November
In the wake of Saudi Arabia's announcement last week to extend its voluntary oil production cut of 1 million barrels per day until the end of December, and Russia's decision to prolong its export cut of 300,000 barrels per day for the same period, oil prices have seen a fresh surge. 
In the wake of Saudi Arabia's announcement last week to extend its voluntary oil production cut of 1 million barrels per day until the end of December, and Russia's decision to prolong its export cut of 300,000 barrels per day for the same period, oil prices have seen a fresh surge.
