Category: Finance News

May 18

Chinese Trader Who Made $1.5 Billion on Gold Builds a Giant Bet on Copper

He accelerated his purchases from early January, for his own investment and with managed funds, with Zhongcai holdings reaching a peak near 40,000 lots, or 200,000 tons of the metal, in early April, before Trump began his escalation of tariffs, exchange data shows. He later moved some of the brokerage’s positions to CME Group’s Comex, to capture US turbulence, […]
May 18

Mumena Mushinge Appointed to Baushi Royal Foundation, Signaling a New Era of Leadership and Wealth Creation in Luapula Province

First, to formalize community benefit-sharing mechanisms in mining, hydropower, and agriculture. Second, to promote infrastructure investment—especially roads, power, and education. Third, to support legal frameworks that protect indigenous land and mineral rights. And finally, to position Luapula Province as a regional economic hub with cross-border linkages to the DRC.
May 18

RBA Poised for ‘Hawkish Cut’ as US-China Reprieve Boosts Outlook

Since the RBA’s March 31-April 1 meeting, data showed hotter-than-expected inflation, a surprise acceleration in wages and a tight job market. That suggests the RBA has “no reason to give any additional encouragement to the market’s rate cut hopes,” said Sean Keane, chief Asia Pacific strategist for JB Drax Honore, referring to pricing for two […]