Category: Finance

Prediction markets have spent the past two years arguing that they belong in the financial mainstream. A new report suggests that argument is about to get harder. According to a Wall Street Journal exclusive published Tuesday, roughly $5 billion worth of nearly identical trades on the prediction market platform Kalshi have drawn scrutiny — a…

Ask most people to picture an investor and the image that surfaces is depressingly predictable: a man in a suit, a bank of screens, a chart pointing skyward. It is an image reinforced by decades of advertising, finance media and pop culture. And it is one reason why, despite a growing body of research suggesting…

For more than a decade, the story of digital finance has been told largely by private innovators. Payment apps, stablecoins, tokenised deposits and a parade of crypto ventures have promised to make money faster, cheaper and more programmable. Yet a growing body of argument — the latest expression of which appears in The Economist —…

China’s long campaign to loosen the U.S. dollar’s grip on global finance has run into a significant obstacle, with Saudi Arabia reportedly withdrawing from a Beijing-backed payment arrangement designed to facilitate cross-border settlement outside the dollar system. The move is a symbolic blow as much as a practical one. Saudi Arabia sits at the center…

Ligent Technologies is preparing to begin trading in Hong Kong after raising roughly $727 million in an initial public offering, according to a Bloomberg report — one of the larger listings to come to the city’s market in recent months. The size of the deal places Ligent among the more substantial new arrivals on the…

For Chinese technology companies preparing to go public, one of the first strategic questions is also one of the oldest: list at home, or list in Hong Kong? It is a decision that has traditionally carried enormous weight. Mainland exchanges in Shanghai and Shenzhen, including the science-and-technology focused STAR Market and the growth-oriented ChiNext board,…

Turkish regulators and government officials are scrambling to limit the damage from a widening stock market scandal, according to a report in the Financial Times, as concerns mount over investor confidence in one of the world’s larger emerging markets. The response, described as a rush to “stem the fallout,” points to unease in Ankara about…

Hong Kong Monetary Authority Lifts Base Rate to 4.25% in First Hike Since 2023 The Hong Kong Monetary Authority (HKMA) raised its base rate by 25 basis points to 4.25%, marking the first increase in the city’s benchmark borrowing cost since 2023 and interrupting a run of cuts and holds that had defined monetary policy…

A Boutique Bank’s First Underwriting Mandate Lands as Anthropic IPO Speculation Builds Wall Street has spent much of the past two years waiting for the artificial intelligence boom to produce its defining public listing. With speculation mounting around a potential initial public offering from Anthropic, one of the sector’s most closely watched private companies, attention…

U.S. stocks fell on Tuesday, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all trading lower as rising oil prices and an escalating trade dispute between the United States and Canada rattled investors. The declines came as crude oil moved higher, reviving concerns that energy costs could feed back into inflation just…