‘Worst is yet to come’: IMF cuts economic outlook
“For many people, 2023 will feel like a recession,” the organisation says.
Investing
Coinbase wins crypto licence in Singapore
The Nasdaq-listed company announced on Tuesday its Singapore unit had received in-principle approval from the Monetary Authority of Singapore to provide digital payment token services in the country.
‘Real danger’ of global recession intensifies, World Bank warns
Leaders of the World Bank and the International Monetary Fund warned of a growing risk of an economic slowdown next year.
US earnings season: It’s doom and gloom for the banks
Starting on Friday, the global banking industry will feel the sharp edge of tightening financial conditions.
Where does Australia sit in the race for global lithium mining domination?
Lithium-ion batteries are the dominant battery technology for electric vehicles.
Jobs report causes markets drop: Here’s why
Stocks tumbled Friday as investors reacted to data revealing a stronger-than-expected labour market.
Binance hack siphons US$110 million
Cross-chain bridge bug exploits again at the center of a major theft.
Coming up in the markets
The US profit reporting season kicks off with financial companies leading the way.
Aussie dollar drop not stopping international travel
More than 62% of travellers continue to plan to go overseas even as the Australian dollar drops to US65c.
Banking on net zero
Industry is starting to focus on the opportunities arising from the planned transition to net zero emissions by 2050