Commodities
Biden’s game to cripple the Chinese semiconductor industry was simple – prevents China from getting the world’s most advanced chips. At the same time, he signed an executive order last August to boost the U.S. competitiveness with a whopping US$52.7 billion subsidy in semiconductor manufacturing and research. The goal was to kill China without killing […]
... written on May 09 2023On Wednesday (May 3, 2023), footage of two drones attacking the Kremlin in Moscow has gone viral. The stunning strike on Vladimir Putin’s residence has been described as “a planned terrorist act and an assassination attempt on the Russian president”. The explosion, however, did not kill or injure anyone because Putin was not present in […]
... written on May 05 2023Having learned from China, a country called India is making tonnes of easy money by buying crude oil from Russia before selling it to the EU. The fast learner has become Europe’s largest supplier of refined fuels, according to data from analytics firm Kpler. In March alone, India’s imports of crude oil from Russia touched […]
... written on May 01 2023Costing just US$11,000 (£8,855; RM48,813), BYD Auto Co has just unveiled the “Seagull” – the cheapest EV (electric vehicle) – at the Shanghai Motor Show. The Chinese automaker headquartered in Xi’an is known for its models based on sea-animals (Seal and Dolphin), Chinese imperial dynasties (Han, Tang, Yuan and Song) and warships (Frigate and Destroyer). […]
... written on Apr 24 2023Precious metals such as gold, silver, platinum and palladium provide protection from market volatility. They’re also an effective way to diversify portfolios and ensure portfolio stability. Investors can invest in precious metals directly or through mutual funds, ETFs, futures contracts and mining companies. Before you invest in precious metals make sure you understand what the […]
... written on Apr 23 2023Retirement is the time in your life when you no longer work full-time. This can be an ideal opportunity to travel, spend quality time with family and pursue hobbies. It’s also the perfect time to assess your financial situation. That means taking into account everything from mortgage and tax obligations, to how much income you […]
... written on Apr 23 2023It will not happen overnight or next month. And it will not lose entirely its reserve currency status next year. But the U.S. dollar is definitely losing its status at a faster pace than generally accepted. Western analysts and economists are simply in denial when they insist that the greenback is not going anywhere, let […]
... written on Apr 20 2023Putting money into precious metals through an Individual Retirement Account (IRA) is a fantastic method to spread out your retirement savings. The first step is to decide on an IRA provider. The best option for meeting your needs is to look for a company that specializes in precious metals solely. The next step is […]
... written on Apr 11 2023Saudi Arabia, the de-facto leader of OPEC, and other OPEC+ oil producers announced on Sunday (April 2) voluntary cuts to their production to the tune of 1.15 million barrels per day (bpd). While Saudi said it will slash output by 500,000 bpd, close ally UAE said it would cut by 144,000 bpd in addition to […]
... written on Apr 04 2023Good money management can provide a secure future and a comfortable lifestyle. Certainly, saving is always desirable, because it’s a sure way to a carefree golden age. But just putting money aside won’t bring you wealth or the certainty your savings will still have value in the future. Inflation can easily make your cash useless, […]
... written on Mar 30 2023
