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

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

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

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.

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.

IG Group Unlocks Over £425 Million amid a Capital Reduction

IG Group has carried out a capital reduction, an accounting move that reshuffles money already held in the company’s equity accounts. The process was finalised after the UK High Court approved the plan, following a green light from shareholders.

Adviser Banned for 10 Years After $15M Hit Shady UK Platform

Australia\'s financial regulator has banned a former financial adviser for 10 years after she funneled at least $14.8 million of client money into a cryptocurrency scam while telling investors their funds were going into safe, fixed-interest accounts.

Why Did Forex Trading Volumes Crash in May 2025?

May was a challenging month for institutional foreign exchange (FX) markets. After a period of relative stability, trading volumes across major platforms, including Cboe, FXSpotStream, TFX, Euronext, and Fastmatch’s 360T, experienced a steep decline compa

French AMF Shuts Down 181 Fraud Investment Sites in 2024 as Losses Hit Almost €30K per Victim

France\'s financial markets authority disclosed that victims of investment scams lost an average of €29,500 in 2024. The regulator imposed €26.5 million in sanctions as enforcement efforts reached new heights amid a surge in digital fraud targeting younge

XRP Futures Debut on CME With $19M Volume on First Day, Driving ETF Speculation

CME now offers futures on several major cryptocurrencies, including Bitcoin, Ethereum, and Solana. Notably, XRP’s debut volume surpassed that of CME’s Solana contracts, which launched in March and saw $12.3 million in notional volume on their first day. T

Argentex Set for Acquisition as IFX Payments Targets UK FX and EMEA Markets

Argentex, listed on AIM since 2019, has handled over $200 billion in FX transactions across over 140 currencies. The firm’s clients would gain access to IFX’s technical tools, including the ibanq platform.