Author: Charlotte

America has seized roughly half a billion in Iranian cryptocurrency, US Treasury Secretary Scott Bessent said on Thursday, adding ‘Operation Economic Fury’ sent Tehran into ‘crisis’.Speaking with Fox News, Bessent said the US managed to ‘grab’ about 350 million crypto assets, on top of another 100 they got earlier. “So, we’re almost at half a billion there, and we are freezing bank accounts everywhere,” he said. This comes after Trump asked Bessent to up the ante against Tehran, putting more economic pressure on Tehran. The US is also insisting that foreign governments and companies cut ties with Iran, Al Jazeera…

Hedge funds have increased their exposure through the basis trade, which involves the arbitrage of small differences between Treasury futures and cash bonds. The strategy depends on high leverage funded through repo agreements and lines. Market estimates place total borrowing linked to these positions at around 6.6 trillion dollars. Some repo deals are described as “zero haircuts,” which means lenders require little or no collateral buffer at entry.High leverage leaves these positions exposed to shifts in interest rates and funding costs. Even minor yield moves can prompt margin calls from repo lenders, which may force funds to scale back or exit…

Municipal and District Chief Executives (MDCEs) in the Oti Region have signed contracts to commence the implementation of the government’s 24-Hour Economy Markets Project, marking a significant step towards operationalising the policy at the local level, AdomNews has reported. The 24-Hour Economy initiative, a flagship policy of the government, is designed to transition Ghana from an import-dependent, eight-hour work structure to a 24-hour, production-driven and export-oriented economy. The policy seeks to enhance national productivity, promote industrial growth and strengthen economic resilience. Under the programme, businesses and selected public institutions are expected to operate in three eight-hour shifts, a move projected…

Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.The price for Gold stood at 13,965.84 Indian Rupees (INR) per gram, broadly stable compared with the INR 13,974.89 it cost on Wednesday.The price for Gold was broadly steady at INR 162,894.80 per tola from INR 162,999.50 per tola a day earlier.Unit measureGold Price in INR1 Gram13,965.8410 Grams139,660.70Tola162,894.80Troy Ounce434,394.00FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference…

Trade-offs of the U.S. Government Taking Equity StakesThese equity positions seek to lessen U.S. dependence on China, help reshore manufacturing, and provide support for innovative U.S. companies. Yet, if not constrained, they can also pose risks, including the potential politicization of corporate decisionmaking.ProsStrengthens National Security and Supply Chain Resilience: An equity stake is one tool to allow the government to directly support firms in sectors where reliance on foreign suppliers—especially China—poses strategic vulnerability. This is particularly relevant for semiconductors and critical minerals, which are vital to both technology and defense systems.Provides Capital and Liquidity: Many of these sectors—critical mineral processing,…

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Key Takeaways Government intervention can occur in a market economy without it losing its status.Economic systems are categorized as free market, mixed, or command.Most global economies today are mixed, with elements of both free market and command.The U.S. and Hong Kong historically demonstrated examples of free-market economies.Libertarians propose that a market economy should only have courts, police, and military functions. Get personalized, AI-powered answers built on 27+ years of trusted expertise. A market economy is an economic system in which supply and demand determine the levels of production and the prices of goods and services. However, government intervention might influence…

Midcap and smallcap mutual funds have seen a sharp uptick in recent weeks, with midcap funds rising about 11% and smallcap funds gaining nearly 13.5% on average over the past month. The rally reflects renewed risk appetite among investors and improving earnings visibility in the broader market. Against this backdrop, the Edelweiss Mid Cap Fund has continued to stand out for its consistent performance, disciplined investment strategy, and strong long-term track record. Long-term performance Launched in December 2007, the Edelweiss Mid Cap Fund has built a robust performance history across market cycles. Notably, the fund has delivered around 19.4% annualised…

Shares in a newly listed fund backed by Bill Ackman fell sharply on their trading debut on Wednesday, underscoring the challenges of translating high-profile investor appeal into sustained market demand.The stock-picking vehicle, Pershing Square USA, opened about 16% below its $50 offering price, despite raising $5 billion in its initial public offering. PSUS began trading at $42, significantly below its $50 IPO price, and was last seen at around $40.90, marking a decline of about 18%. Meanwhile, Pershing Square (PS), his hedge fund, opened at $24 and was trading near $23.50.The weak debut comes even as Ackman sought to position…

Hyperliquid, one of the most active decentralised exchanges, may add prediction markets to its platform. This move would put it in direct competition with Kalshi and Polymarket.Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!)The proposal, known as HIP-4, would let users trade outcome contracts on real-world events alongside Hyperliquid’s existing leveraged perpetual futures. Early versions are already running on testnet, while a mainnet rollout has not yet been scheduled.Yes for the HIP-4.— Hyperliquid News (@HyperliquidNews) April 29, 2026 Why Integration Matters Here What makes Hyperliquid a credible entrant is not volume alone — it…