Jerry Lin
The Latest
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Polymetal International Seals $3.7 Billion Deal to Divest Russian Assets Amid Sanctions
Polymetal International, a leading precious metals producer, has inked a pivotal agreement to offload its Russian assets to Mangazeya Plus, a subsidiary of Mangazeya Mining owned by businessman Sergey Yanchukov, for an estimated $3.69 billion. 
Polymetal International, a leading precious metals producer, has inked a pivotal agreement to offload its Russian assets to Mangazeya Plus, a subsidiary of Mangazeya Mining owned by businessman Sergey Yanchukov, for an estimated $3.69 billion. -
China Poised for Mortgage Rate Cut Amid Economic Growth Concerns
This potential policy adjustment by the People's Bank of China (PBOC) is seen as a strategic response to the mounting pressures on the world's second-largest economy, which has been grappling with a combination of external demand challenges and domestic investment constraints exacerbated by elevated borrowing costs. 
This potential policy adjustment by the People's Bank of China (PBOC) is seen as a strategic response to the mounting pressures on the world's second-largest economy, which has been grappling with a combination of external demand challenges and domestic investment constraints exacerbated by elevated borrowing costs. -
Germany Faces Technical Recession as Challenges Mount, Central Bank Warns
Germany, Europe's largest economy, is likely facing a recession, with the Bundesbank citing a combination of weak external demand, cautious consumer behavior, and high borrowing costs as key factors behind the downturn. 
Germany, Europe's largest economy, is likely facing a recession, with the Bundesbank citing a combination of weak external demand, cautious consumer behavior, and high borrowing costs as key factors behind the downturn. -
Wholesale Inflation Surges, Casting Doubts on Fed Rate Cuts
The inflationary landscape in the United States continues to present challenges, as evidenced by the latest figures from the Department of Labor. January saw a notable uptick in wholesale prices, with the producer price index (PPI) rising by 0.3%, surpassing expectations and marking the most significant monthly increase since August. 
The inflationary landscape in the United States continues to present challenges, as evidenced by the latest figures from the Department of Labor. January saw a notable uptick in wholesale prices, with the producer price index (PPI) rising by 0.3%, surpassing expectations and marking the most significant monthly increase since August. -
Deputy PM Wong Unveils Measures to Strengthen Singapore's Economic and Social Fabric in 2024 Budget
Singapore's Deputy Prime Minister and Finance Minister Lawrence Wong unveiled the 2024 Budget, introducing a suite of measures that include household cash subsidies, vouchers, and strategic investments in artificial intelligence (AI). 
Singapore's Deputy Prime Minister and Finance Minister Lawrence Wong unveiled the 2024 Budget, introducing a suite of measures that include household cash subsidies, vouchers, and strategic investments in artificial intelligence (AI). -
DeFi Trading Tied to Dollar's Strength, Says Fed's Christopher Waller
In a recent address at the "Climate, Currency, and Central Banking" conference held in the Bahamas, Federal Reserve Governor Christopher Waller offered an optimistic perspective on the future of decentralized finance (DeFi) and its potential to bolster the global dominance of the U.S. dollar. 
In a recent address at the "Climate, Currency, and Central Banking" conference held in the Bahamas, Federal Reserve Governor Christopher Waller offered an optimistic perspective on the future of decentralized finance (DeFi) and its potential to bolster the global dominance of the U.S. dollar. -
Coinbase Shares Soar 12% Amid Surging Trading Volumes and Bitcoin ETF Optimism
Coinbase Global, a leading cryptocurrency exchange, reported its first quarterly profit since 2021, propelled by a surge in trading volumes linked to the excitement surrounding spot bitcoin exchange-traded funds (ETFs). Ahead of the market opening on Friday, Coinbase shares soared by 12%, potentially elevating the company's market value by nearly $5 billion and marking its highest trading level this year. 
Coinbase Global, a leading cryptocurrency exchange, reported its first quarterly profit since 2021, propelled by a surge in trading volumes linked to the excitement surrounding spot bitcoin exchange-traded funds (ETFs). Ahead of the market opening on Friday, Coinbase shares soared by 12%, potentially elevating the company's market value by nearly $5 billion and marking its highest trading level this year. -
Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office. 
Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office. -
Sharp Decline in January US Retail Sales Signals Economic Caution
The 0.8% decrease in consumer spending, adjusted for seasonal factors but not inflation, surpassed economists' predictions, who had anticipated a more modest decline of 0.3%. This downturn follows a revised gain of 0.4% in December, suggesting a potential shift in consumer behavior at the outset of the year. 
The 0.8% decrease in consumer spending, adjusted for seasonal factors but not inflation, surpassed economists' predictions, who had anticipated a more modest decline of 0.3%. This downturn follows a revised gain of 0.4% in December, suggesting a potential shift in consumer behavior at the outset of the year. -
U.S. Treasury Downplays Role of Crypto in Financing Palestinian Militant Groups
In a recent disclosure by the U.S. Treasury Department, officials have minimized the significance of cryptocurrencies in the financial operations of Palestinian militant factions Hamas and the Palestinian Islamic Jihad (PIJ), challenging prevailing narratives about digital assets' role in global terrorism financing. 
In a recent disclosure by the U.S. Treasury Department, officials have minimized the significance of cryptocurrencies in the financial operations of Palestinian militant factions Hamas and the Palestinian Islamic Jihad (PIJ), challenging prevailing narratives about digital assets' role in global terrorism financing.
