Finance

Sensex and Nifty Surge as Investors Await May Inflation Data and Fed’s Monetary Policy Decision

World Economic Magazine June 12, 2023

Indian stock market indices, Sensex and Nifty, opened on a positive trajectory today as investors eagerly awaited the release of May’s retail inflation data and monitored the US Federal Reserve’s monetary policy decision. The S&P BSE Sensex registered a rise of 0.19% at 9:16 am, reaching 62,741.42, while the NSE Nifty 50 climbed 0.18% to 18,597.08. The broader markets also showcased positive momentum, further reinforcing investor confidence.

US Crypto Crackdown Regulators Target Coinbase and Binance, Raising Calls for Comprehensive Regulation

World Economic Magazine June 12, 2023

US regulators have intensified their scrutiny of major players to assert greater control over the burgeoning cryptocurrency industry. The Securities and Exchange Commission (SEC) recently filed a lawsuit against Coinbase, the largest digital currency trading platform in the United States, for failing to register as a securities exchange venue. This legal action comes just a day after similar charges were brought against Binance, a prominent cryptocurrency exchange, and its founder, Changpeng Zhao.

CIC Sells Winchester House in London for $316 Million

World Economic Magazine May 15, 2023

China’s sovereign wealth fund – China Investment Corporation (CIC) – has sold Winchester House in the City of London – its first direct investment in the UK real estate market – at a loss, indicating it could be ditching assets amid rising geopolitical risks.

Swedish Pensions Agency Suspends Three Eastern European Funds in Sweden

World Economic Magazine May 15, 2023

The Swedish Pensions Agency (SPA) on Monday announced that three Eastern European funds that were suspended due to the war in Ukraine have now been deregistered from its premium pension fund market.

Arada Launches ‘Sarai’ Luxury Mansions in Sharjah

World Economic Magazine May 15, 2023

Arada, the Sharjah-based real estate company has launched ‘Sarai,’ a collection of ultra-luxury mansions exclusively designed, in Masaar, Sharjah’s forest community.

Japan’s Kirin Holdings to Acquire Blackmores Limited for $1.24 Billion

World Economic Magazine May 15, 2023

Kirin Holdings Co Ltd of Japan will buy Australia’s Blackmores Ltd for $1.24 billion, operating a natural health business in the Asia-Pacific region, the two companies announced on Thursday.

Global Pension Systems Ill-Prepared to Deal with Demographic Changes

World Economic Magazine May 15, 2023

Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.