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Alibaba set to sell Intime for $1 billion to Youngor Fashion

Alibaba (NYSE:BABA) Group Holding Ltd. is on the verge of finalizing a deal to divest its department store chain, Intime, to Youngor…
Stock

Allianz withdraws $1.63 billion bid for Income Insurance stake

The German financial services giant Allianz (ETR:ALVG) has withdrawn its proposal to acquire a 51% stake in Income Insurance, a Singapore-based insurer….
Investing

USD/MXN forecast ahead of Fed and Banxico rate decisions

The USD/MXN exchange rate has moved sideways in the past few weeks as traders eye the upcoming Federal Reserve and Banxico interest…
Investing

USD/TRY surged to a record high: will it make it a comeback?

The USD/TRY exchange rate has had another difficult year as actions of Turkey’s central bank failed to reboot the currency. The pair…
Investing

USD/RUB: Is it a good carry trade pair as BoR and Fed diverge?

The Russian ruble has remained under pressure this year as the impact of sanctions and a stronger US dollar continued. The USD/RUB…
Investing

Bitcoin price prediction: The long-term bullish case for BTC

Bitcoin price has held steady in the past few months, and is holding near a record high as demand remains high. The…
Latest News

Trump taps Richard Grenell as presidential envoy for special missions, Edward S. Walsh as Ireland ambassador

President-elect Trump named a couple of key first-term allies to roles in his second administration, including Richard Grenell. Grenell was the incoming…
Latest News

Rep Gimenez warns China is ‘greatest threat’ to US, Trump admin will ‘project strength’ to CCP

Rep. Carlos Gimenez, a member of the House Select Committee on the Chinese Communist Party (CCP), said China is the ‘greatest threat’…
Latest News

Trump leaves China guessing what his next move is with unusual inauguration invitation

President-elect Trump took China by surprise when he invited President Xi Jinping to his upcoming inauguration, a friendly gesture ahead of a…
Latest News

Trump announces more nominations, including Devin Nunes, Troy Edgar and Bill White

President-elect Trump nominated a few more candidates Saturday to serve in various positions during his second term. Truth Social CEO Devin Nunes…
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