Geopolitical risks lift the USD as traders price a 40.1% chance of a Fed 25 basis points hike by year-end. NZD/USD traded flat near 0.5830 in Asian hours, pressured by safe-haven demand for the USD. Escalating US-Iran tensions drove risk aversion after President Trump thre
ZTO Express reports 9.67 billion parcels in Q1 2026, up 13.2% year-over-year, with market share rising 1.2 percentage points. ZTO Express reported a 13.2% year-over-year increase in parcel volume for Q1 2026, reaching 9.67 billion parcels. The company also expanded its mar
Two vessels loaded with over 4 million barrels of crude are en route to China amid eased Hormuz transit rules. Two supertankers carrying Iraqi and Qatari crude oil departed the Strait of Hormuz bound for China, according to vessel tracking data. The cargoes, totaling appro
UK inflation rate drops to 2.8% in April The UK's inflation rate has softened, with headline prices rising at a 2.8% annual rate. This is down from 3.3% in March. The core rate of inflation also moderated to 2.5% from 3.1%. A moderation in price growth for A
The company raised $86.9M in gross proceeds from the offering, triggering an 11% decline in its stock price. Mayville Engineering Company priced a public offering of 4.348 million shares at $20 per share, raising approximately $86.9 million in gross proceeds. The underwrit
Softer UK inflation data weakens the British Pound, lifting the EUR/GBP cross to near 0.8660 in early trading. The Euro trimmed losses against the British Pound, with the EUR/GBP cross rising to near 0.8660 during early European trading on Wednesday. The move followed soft
Co-Diagnostics secures $3M through a private placement of 1.65M shares and warrants for up to 3.29M additional shares. Co-Diagnostics (CODX) climbed 11% following the announcement of a $3M private placement with institutional investors. The deal includes 1.65M shares of co
Rising US inflation expectations and a potential dovish Fed pivot may limit further Dollar strength despite near-term rate hike bets. Markets are pricing in a prolonged inflation shock tied to Middle East tensions, lifting US inflation expectations beyond a one-year horizo
Regional equities decline as Wall Street tech losses and higher crude costs dampen investor sentiment. Asian markets fell on Wednesday, mirroring losses in U.S. technology shares and semiconductor stocks. The retreat followed a broader pullback in global risk assets, drive
Duan Yongping buys $19.08 million stake in Circle Duan Yongping, often referred to as "China's Buffett", has disclosed a first-time stake in Circle Internet Group. He purchased 200,000 shares at an average cost of about $95.41. The position represents about 0.095
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