China Ranks Third Globally in Art Sales with HK$66.3 Billion in 2024, Hong Kong Maintains Hub Status in Asia

total sales rising 4% year-over-year to USD 59.6 billion. The United States, the United Kingdom, and China continue to dominate, collectively accounting for 76% of global sales. China ranked third with USD 8.5 billion (approximately HK$66.3 billion) in sa

OpenClaw Rollercoaster: A Financial Autopsy of an AI Bubble

colloquially dubbed Lobster—not only ignited a software frenzy but also unexpectedly fueled speculative trading in hardware markets. The Apple Mac mini M4 emerged as the biggest beneficiary. Sales surged by 300%, with secondhand prices jumping from RMB 2

IEA Announces Largest-Ever Oil Reserve Release, Coordinating 400 Million Barrel Drawdown

rom emergency reserves. This marks the largest coordinated drawdown in the agency’s history since its founding in 1974 and represents only the fifth such collective action ever undertaken, aimed at addressing a global energy supply crisis triggered by esc

IEA Plans Largest-Ever Oil Reserve Release to Counter Middle East Crisis, Brent Crude Retreats

riggered by escalating conflict in the Middle East, according to The Wall Street Journal. The announcement sent international oil prices lower, with Brent crude futures reversing an earlier 3.7% gain and falling more than 1%. Citing officials familiar wit

Iran Conflict Shows Signs of Turning Point; Wall Street Waits as Oil Prices Rebound After Sharp Drop

y rallied after President Trump suggested the conflict with Iran could end swiftly, but sentiment quickly soured following a White House clarification that the U.S. was not escorting oil tankers through the Strait of Hormuz. Adding to uncertainty, Israeli

Apple Accelerates "China+1" Strategy as India\'s iPhone Output Surges 53% to Capture a Quarter of Global Production

oomberg, citing sources familiar with the matter, the company assembled approximately 55 million iPhones in India in 2025—up 53% from 36 million units the previous year—accounting for roughly one-quarter of its estimated global production of 220–230 milli

Japan’s Pandemic Relief Scheme Exploited in $45 Million Fraud Scandal

ize businesses and protect jobs. But what was intended as a lifeline has now been exposed as a lucrative loophole—recently exploited in a massive fraud case involving 6.5 billion yen (approximately $45 million or RMB 300 million). According to Japanese me

Economic Uncertainty Dampens Consumer Confidence as Tariff Pressures Feed Through to Prices

The U.S. Federal Reserve warned in its latest Beige Book that heightened economic uncertainty is significantly eroding consumer confidence. Although overall consumer spending continues to show modest growth, multiple Federal Reserve districts reported tha

Hun Manet Gives Rare Interview to Foreign Media, Refutes Claim That “GDP Relies on Scams”: Online Fraud Cut by Half

Cambodian Prime Minister Hun Manet recently gave a rare interview to international media in Brussels, the Belgian capital, strongly rejecting allegations that his country’s economy depends on scam industries and revealing the results of the government’s h

Escalating Middle East Tensions Fuel Safe-Haven Rally, Commodities Surge

BEIJING, Feb. 28 – Global prices of gold, silver and crude oil surged across the board on the evening of Feb. 27 as geopolitical risks in the Middle East escalated sharply, fueling a significant rise in risk aversion across markets.

Gold Rush Gone Bad: Inside Shenzhen\\\'s $2 Billion "Jie Worui" Meltdown

When Gold Prices Soared, This Chinese Trading Platform Went Rogue—Leaving Thousands of Hong Kong Cross-Border Investors Holding the Bag

The FBI in the United States has seized a cross-border "pig killing disk" fraud website with a total amount of over 90 million US dollars

The Federal Bureau of Investigation (FBI) recently seized and shut down a website domain used for implementing cryptocurrency "pig killing disk" investment fraud. The operation is led by the FBI San Diego Division and aims to crack down on an in

Institutional FX Volumes Hit Three-Month High as Dollar Volatility Drives October Trading

The Federal Reserve rate cut and political uncertainty push Cboe FX past $1.19 trillion.

This CFTC Decision Could Change Everything for Event Contracts Trading

Event contracts got a regulatory break this week when the Commodity Futures Trading Commission (CFTC) granted relief to Railbird Exchange and its clearing partner from certain swap reporting requirements.

Investing in gold becomes a deadly trap! A Taiwanese family of five committed suicide after being defrauded

On July 2nd, in a residential building in front of Fengyuan Railway Station in Taichung, the cold bodies of the owner of a military supplies store surnamed Wang and his family of five silently accused a carefully planned and closely pursued "Golden B