The Daily

CHINA is on the cusp of its biggest move yet to open up its vast commodities markets, after the Shanghai Futures Exchange (SHFE) unveiled an internationalisation plan to streamline access for overseas investors.

The country’s biggest raw materials bourse is soliciting views on a proposal to let participants post foreign exchange as collateral for yuan-denominated trades,

 » Read more about: China plans commodities overhaul to attract global investors  »

Shipping companies that wish to be favoured by stock investors must focus on dividends, says Pareto Securities.

Listed shipowners that pay out money to shareholders will achieve a better valuation, according to Pareto Securities head of research Eirik Haavaldsen.

“The companies that pay out the most have a higher valuation.

 » Read more about: Dividends and discipline key to boosting shipping company valuations, Pareto says  »

US consumer confidence rebounded sharply in May from an almost five-year low as perceptions of the economy and labor market improved as the Trump administration backed down from more extreme tariffs and tariff threats. The Conference Board’s gauge of confidence increased by 12.3 points to 98, marking the biggest monthly gain in four years.

 » Read more about: US Consumer Confidence Jumps After US-China Trade Truce  »

Former Reserve Bank of India Governor Raghuram Rajan has warned that the long-term health of the US economy could be at risk if political factors continue to weaken the flow of international students to American universities.

Speaking in an interview with Bloomberg TV on Wednesday, Rajan stressed that international students have historically been vital to US innovation and economic dominance.

 » Read more about: Curbing Foreign Students Could Cripple US Innovation, Warns Raghuram Rajan  »

Former Reserve Bank of India Governor Raghuram Rajan has raised serious concerns about the long-term consequences of US political hostility toward universities and foreign students. In an interview with Bloomberg TV, Rajan warned that targeting international student pipelines — as seen in the Trump administration’s recent actions — could erode a key foundation of America’s global economic leadership.

 » Read more about: As Trump targets varsities, Raghuram Rajan warns US of long-term economic risks from curbing foreign students  »

Duquesne Family Office’s chief dumped his entire stake in one of Wall Street’s premier stock-split stocks and has continued to load up on a super-cheap drug company for a third straight quarter.

 » Read more about: Billionaire Stanley Druckenmiller Just Sold One of Wall Street's Hottest Stock-Split Stocks and Is Piling Into a Promising Drugmaker Instead  »

SHANGHAI – Chinese e-commerce giant PDD Holdings saw net profit almost halve in the first three months of 2025 as the Temu owner prepared for a blistering trade war between Beijing and Washington.

The Shanghai-based company said net profit came in at 14.7 billion yuan (S$2.6 billion) in the three months ending March 31,

 » Read more about: China's Temu owner sees profit almost halve as US trade war hurts sales  »

The S&P 500 (^GSPC 2.05%) has rebounded 18% since hitting bottom in early April after President Trump announced his “Liberation Day” tariffs. The index rocketed higher on Tuesday, May 27, as trade tensions eased between the European Union and the United States. But the stock market still faces several hurdles this week.

 » Read more about: The Stock Market Could Make Big Moves This Week Following Critical News on Nvidia, Interest Rates, and Inflation  »

 » Read more about: Cathie Wood Dumps $9.9M Tesla Despite Musk's '24/7' Pledge, Loads Up on Nvidia Before Earnings  »

The 11 U.S.-listed spot bitcoin exchange-traded funds (ETF) have registered a net inflow of $5.77 billion this month, the highest since November, according to data source SoSoValue.

Most of these bets have been bold directional plays, with interest in cash-and-carry arbitrage plays picking up recently.

 » Read more about: Bitcoin Spot ETFs Pull in $5.77B in May, Their Best Performance Since November  »