Asia’s move away from the U.S. dollar is gaining structural traction as central banks, insurers, and investment funds recalibrate their holdings amid geopolitical concerns, monetary shifts, and evolving FX strategies. ING’s FX strategist Francesco Pesole notes that “Trump’s unpredictable trade moves and the dollar’s significant decline are likely accelerating the pivot toward alternative currencies.” This […]
In a significant development within Japan’s automotive sector, Toyota Industries Corporation is set to accept a $42 billion takeover offer from Toyota Motor Corporation and affiliated companies within the Toyota Group. The acceptance of this offer, anticipated imminently, will result in Toyota Industries becoming a private entity under the control of the group companies. This […]
Global financial markets responded sharply to President Donald Trump’s announcement of doubling tariffs on imported steel and aluminum from 25% to 50%, effective June 4. The move aims to bolster the domestic steel industry but has intensified trade tensions with key international partners. U.S. steelmakers experienced significant stock gains following the announcement. Cleveland-Cliffs Inc. (NYSE: […]
As global markets contend with economic slowdowns, high interest rates, and geopolitical tensions, one sector appears to be flying above the turbulence: aviation. Despite industry-wide challenges, the International Air Transport Association (IATA) forecasts $36 billion in net profits for 2025, building on the $32.4 billion reported in 2024. Aircraft Manufacturing Bottlenecks One of the biggest […]
Gold markets are heating up as investor anxiety spikes due to renewed trade friction between the United States and China. The precious metal, widely regarded as a financial safe-haven, has gained momentum following a sharp rise in geopolitical risks and tariff uncertainty. Gold prices saw solid gains, with spot gold rising 0.7% to $3,311.33 per […]
In the rapidly evolving world of online trading, Abet Global Pakistan stands out by integrating cutting-edge technology with user-friendly interfaces, aiming to democratize access to global financial markets for Pakistani traders. Bridging the Technological Gap Abet Global Pakistan leverages the renowned MetaTrader 5 (MT5) platform, known for its advanced analytical tools, automated trading capabilities, and […]
Dai-ichi Life Insurance Company, one of Japan’s leading life insurers, has entered into a landmark partnership with UK-based asset management firm M&G plc, acquiring a 15% stake worth approximately $8 billion. This strategic alliance marks a pivotal move for both companies as they look to enhance their positions in international markets. As part of the […]
A judicial back-and-forth over President Donald Trump’s controversial “Liberation Day” tariffs took another turn this week, as a U.S. federal appeals court issued a temporary stay that allows the tariffs to remain in place—for now. This follows a decision by the U.S. Court of International Trade, which ruled that Trump’s use of the International Emergency […]
In a bold move to accelerate its entry into the global digital economy, Pakistan has launched its inaugural state-backed Strategic Bitcoin Reserve. This initiative signals a shift in national economic priorities, placing blockchain and artificial intelligence (AI) at the forefront of development. As part of this ambitious strategy, the government has earmarked 2,000 megawatts (MW) […]
In the dynamic realm of online trading, new platforms frequently emerge, offering innovative features and opportunities. Abet Global is one such platform that has garnered attention, especially among traders in Pakistan. However, questions about its legitimacy persist. This article aims to provide a balanced review of Abet Global, considering its offerings, regulatory status, and user […]