
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 20 February 2026
Fidelity Gold Refinery published its February 20 2026 gold buying rates for Zimbabwe, listing prices per gram and per troy ounce across several purity categories. The fire‑assay cash price for gold above 100 g is $152.66 per gram ($4,748.26 per ounce), while the lowest tier—5‑10 g samples—fetches $144.63 per gram. Prices for SG 90 %+ and SG 85 %+ grades sit at $151.86 and $150.25 per gram respectively, showing only slight premiums for higher purity. The schedule converts all rates using the standard 31.1035 g per ounce conversion.

COMMENT: Myanmar’s Fragile Post‑election Balancing Act
Myanmar’s December‑January 2025‑26 election was conducted solely in areas under junta control, cementing the military’s claim to power while excluding large swaths of the population. The vote did little to curb the civil war, as resistance forces—including the People’s Defence...

All Global Experiences Useful for Vietnam S International Financial Hub
Vietnam aims to build an international financial centre by drawing on global precedents such as Dubai’s DIFC, China’s Shenzhen and Hangzhou, and Kazakhstan’s AIFC. Experts stress that independent, long‑term regulation, niche specialization in digital and green finance, and adaptive legal...
The Inner Life of a Long-Term Investor
Vishal announces his new book, *The Long Game*, now available for pre‑order, featuring reflections from 30 seasoned long‑term investors. The book explores how self‑awareness, patience, and philosophical inquiry can help investors navigate market cycles and avoid emotional pitfalls. Pre‑orders start...

Raised Ties Reaffirm Strategic Trust
Vietnam and the United Kingdom have upgraded their relationship to a comprehensive strategic partnership, the highest tier in Vietnam’s foreign‑policy framework. The deal follows Party General Secretary To Lam’s October visit to Britain and opens cooperation in politics, security, trade, education...

Meta Faces Probe Across 21 African Markets
Meta Platforms is under a COMESA investigation for altering WhatsApp Business API terms that favor its own AI tools, raising competition concerns across 21 African markets. In Nigeria, fintech Risevest secured a Securities and Exchange Commission fund‑manager licence after restructuring,...
Viva Loans Vegas: Blackstone's $3bn Re-Up for The Cosmopolitan Signals High-Tier CMBS Conviction
The episode examines Blackstone’s $3.05 billion CMBS refinancing of The Cosmopolitan in Las Vegas, highlighting the surge in high‑quality hospitality securitizations and the city’s enduring appeal to institutional investors. Guests Randy Plavajka and Shihao Feng explain how post‑pandemic destination resilience and a growing...
IFOREX IPO Prospectus Details: Revenues $49M, EBITDA $4M
iFOREX listed on the London Stock Exchange at a £43.3 million valuation, equating to roughly 1.1× 2025 revenue and 19.4× earnings. The broker reported $55.1 million revenue and $3.0 million profit for the twelve months to June 2025, down sharply from its 2022 peak....
India Sets ₹25,000 Crore Export Engine in Motion as Goyal Launches Plan
India’s Commerce Minister Piyush Goyal launched the ₹25,060‑crore Export Promotion Mission (EPM), a six‑year programme designed to boost outbound shipments and simplify export processes. The initiative consolidates multiple support schemes into a single, digitally driven framework aimed at micro, small...

Navios Lines up $134m Capesize Duo
Navios Maritime Partners announced two long‑term bareboat‑in contracts for Japanese‑built capesize vessels, with purchase options valued at roughly $134.3 million and an effective 6% interest rate. The ships, fitted with scrubbers, are slated to join the fleet in late 2028 and...

Five Things to Know to Start Your Day
Nigeria's federal government ordered ministries to defer 70% of the 2025 capital budget to 2026, limiting new projects to prioritize existing ones amid weak revenues. The Independent Corrupt Practices Commission raided former Kaduna governor Nasir El‑Rufai’s Abuja home as he remains...
Digital Euros and Liquidity Backstops Won’t Dent Dollar Dominance, Says Fed’s Miran
European policymakers are increasingly exploring euro‑denominated stablecoins as a tool to counterbalance the U.S. dollar’s global reach. Federal Reserve official Stephen Miran, however, argues that the dollar’s dominance will persist despite these digital euro initiatives. He points to the depth...

Strong Manufacturing Growth Lifts Flash PMI to Three-Month High of 59.3 in Feb
India’s flash Composite PMI rose to 59.3 in February, its strongest level in three months, driven by a surge in manufacturing activity. Total new orders grew at the fastest pace since November, pushing output to a four‑month high, while services...

Before the Ladder: Fixing Nigeria’s Broken Education Floor
Nigeria’s education system remains a fragile floor, with over 18 million children out of school and a majority of 10‑year‑olds unable to read basic texts. Public primary schools often lack essential infrastructure such as classrooms, furniture, sanitation, and reliable electricity, while...

Adani Power Limited Enters Nuclear Segment as India Opens Sector
Adani Power Limited has created a wholly‑owned subsidiary, Adani Atomic Energy Limited, to enter India’s nuclear power generation market. The move follows the Indian government’s SHANTI Bill, which relaxes licensing and permits controlled private participation in nuclear projects. The new...

China, Afghanistan, and Critical Minerals: Options for U.S. Strategic Competition Below the Threshold of War
Afghanistan has re‑emerged as a venue for great‑power competition below the threshold of war, with China pursuing cautious economic engagement focused on mineral extraction and limited infrastructure projects. U.S. analysis shows Chinese contracts have underperformed and remain exploratory, leaving a...
Virtus Newfleet Multi-Sector Bond ETF Q4 2025 Commentary
The Virtus Newfleet Multi‑Sector Bond ETF posted a 1.64% NAV return in Q4 2025, beating the Bloomberg U.S. Aggregate Bond Index’s 1.10% gain. The fund’s deliberate underweight to U.S. Treasuries captured excess returns as spread‑rich sectors outperformed. Management continued to fine‑tune...

Red Lines and the Reshaping of Asia’s Maritime Order
Former Chinese Vice‑Foreign Minister Fu Ying warned that the Philippines’ attempts to occupy Second Thomas Shoal and Sabina Shoal cross a newly articulated Chinese “red line.” The warning was backed by a June 2024 incident in which China Coast Guard vessels...

Rising VIX with Nifty Fuels Call Momentum, Not Trap
VIX at 14.4, up 7%. Not panic… but volatility is waking up. Now it’s simple. >> If Nifty pushes into the liquidity zone and sustains, while VIX stays firm or rises… that’s real fuel. Calls can expand properly. >> But if price goes...
Africa Needs Patient Capital for the Long Term
Africa’s growth potential is hampered by a $350 billion SME financing gap and annual infrastructure needs of $130‑170 billion, far exceeding current investment. While the continent’s population tops 1.5 billion and GDP surpasses $3 trillion, capital flows remain fragmented and short‑term. The article argues...

PENGASSAN Warns Tinubu’s Order on NNPC Revenues Could Lead to Job Losses
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) warned that President Bola Tinubu’s February 18 executive order, which channels oil and gas revenues directly into the federation account, undermines the financial autonomy granted to NNPC Limited under the...

Samsung Electronics, KT Hit Record 6G Speeds in 7GHz Band
Samsung Electronics, Korean carrier KT and test‑equipment firm Keysight reported a record 3 Gbps downlink in the 7 GHz band, a core frequency earmarked for 6G. The speed was achieved using a prototype base station with massive MIMO architecture that transmitted eight...
GLD: My Second-Largest Portfolio Position, On Path To Become My Largest Holding
GLD remains a buy as its fundamentals stay strong despite recent price swings. The SPDR Gold Shares ETF has generated nearly a ten‑fold return since inception and now manages over $174 billion backed by 1,080 tonnes of gold. Retail physical‑gold sales are...
Tiger Global’s Reemergence: Inside the Fund’s High-Conviction Pivot After the Tech Reckoning:
Tiger Global Management has abandoned its former growth‑maximalist playbook, returning capital to investors and adopting a tightly‑focused, high‑conviction approach. The firm now targets public‑market positions where valuation compression exceeds underlying risk, emphasizing free cash flow, unit economics, and stricter sizing...
Google Bigger than India GDP? Sanjeev Bikhchandani Exposes the Flaw in that Viral Claim
A viral post claimed Google’s $4 trillion market capitalisation exceeds India’s GDP, prompting entrepreneur Sanjeev Bikhchandani to debunk the analogy. He explained that market cap is a stock measure reflecting investor expectations, while GDP is a flow metric tracking annual economic...
Bank of America’s $25 Billion Private Credit Push: Wall Street’s Balance-Sheet Arms Race Moves Into Overdrive
Bank of America announced a $25 billion commitment of its own balance sheet to private credit, marking a decisive shift from traditional bank lending to direct private‑credit exposure. The move underscores the blurring line between banks and alternative asset managers as...
Pax Silica Pact: India Plugs Into US Tech Alliance to Secure Chips, AI and Critical Minerals
India signed the Pax Silica Declaration at the India AI Impact Summit, formally joining the U.S.-led technology coalition that spans semiconductors, artificial intelligence and critical minerals. The pact reinforces a full‑stack supply‑chain partnership aimed at reducing reliance on hostile or coercive...

Could Medical Care Help Cure China’s Services Trade Deficit?
China’s medical tourism is gaining traction as foreign patients praise rapid, affordable care in megacities like Shanghai and Beijing. While the absolute number of inbound patients remains modest, industry insiders see a growing pipeline driven by visa‑free entry, expanding international...
Why Global Capital Is Looking at India Differently This Year
India’s economy is gaining traction through robust digital public infrastructure and maturing regulatory frameworks, positioning it as a distinct asset class for global investors. The latest Union Budget underscores this shift by offering a 20‑year tax holiday and a flat...

China’s Submarine Surge Testing Pacific’s Undersea Balance
China’s nuclear‑submarine production has accelerated dramatically, with the Bohai shipyard launching more hulls in 2021‑25 than the entire previous decade and overtaking the United States in annual launches for the first time. The yard now produces roughly two Type‑093B attack...
US Market | Credit Concerns Mount: Blue Owl Shake-Up Weighs on US Financial Stocks
Blue Owl Capital announced the sale of $1.4 billion of assets across three credit funds and permanently halted redemptions in one fund to return capital and reduce leverage. The announcement triggered a broad sell‑off in listed alternative‑asset managers such as Apollo,...

Interview with BFM 89.9 Malaysia 20.02.2026
In this emergency interview on BFM 89.9 Malaysia, The Macro Butler warned that a combination of rising oil prices and increasing unemployment could derail the Federal Reserve’s planned rate cuts in 2026, bolster the US dollar, and pressure retail stocks...
RSBT ETF: It's A Directional Bet, Not A Diversification Vehicle
The Return Stacked Bonds & Managed Futures ETF (RSBT) posted a 12.25% year‑over‑year price gain after a tough 2022‑23 inflation cycle. The fund allocates capital between the AGG bond ETF and a suite of trend‑following managed‑futures strategies, positioning it as...
Rupee Declines 27 Paise to 90.95 Against US Dollar in Early Trade
The Indian rupee slipped to 90.95 per U.S. dollar in early Friday trade, down 27 paise from its previous close. The decline was driven by a firmer dollar, higher Brent crude at $71.77 a barrel, and escalating U.S.-Iran tensions. Domestic...

Pakistani PM Holds Talks with Rubio After Washington Summit
Pakistan’s Prime Minister Shehbaz Sharif met U.S. Secretary of State Marco Rubio in Washington on Feb 19, focusing on cooperation in critical minerals, energy, counter‑terrorism and potential American investment. The discussion also highlighted Pakistan’s backing of President Donald Trump’s Gaza peace plan...
Global Market | Japan’s Tightening Cycle Could Redraw the Map of Global Market Liquidity
The Bank of Japan has ended its ultra‑easy stance, pushing policy rates to the highest level in decades and pricing in another hike. Higher domestic yields are likely to trigger repatriation of Japanese savings, cutting the flow of low‑cost funding...
15% Margin Add‑On Hits 18 High‑Concentration F&O Stocks
Exchange levies 15% add-on exposure margin on 18 high concentration F&O names from Feb 25 (announced yesterday) Stocks that might see some pressure due to increased margins - ABCAP, ARBP, BANDHAN, CCRI, CROMPTON, GNP, IDEA, JSW, LICHF, NBCC, NMDC, PATANJALI, RBL...

Indonesian Tycoon Mochtar Riady’s OUE REIT Seeks Buyers For Prime Singapore CBD Tower
OUE Commercial REIT, controlled by Indonesian tycoon Mochtar Riady, is seeking buyers for its flagship One Raffles Place tower in Singapore’s CBD. The sale, handled by CBRE and JLL, targets a reserve price of up to S$2.4 billion, roughly 24% above...
FERI’s Ferrum Fund Future Stars
FERI’s Ferrum Fund Future Stars (FFFS) is a liquid, open‑ended vehicle that seeds emerging hedge‑fund managers with less than $100 million AUM through revenue‑share agreements, capturing a portion of management and performance fees. Since its 2020 launch, the fund has met...

TWIFO 485: From the Equity Put Spread Craze to Meme Stock Metals & Crude's Inflection Point
In this episode Mark Longo and Scott Bauer break down three hot market themes: the surge in equity put spreads, especially the massive S&P 500 March 6600/6500 vertical and rising Russell 2000 volatility; the pivotal moment for WTI crude, where geopolitical factors...
Infra Sector Outlook Cautious as Weak Q3 Performance Leads to 4% YoY Contraction: Nuvama Research
India's infrastructure sector posted a 4% year‑on‑year revenue contraction in Q3 FY26, driven by eroding order books, payment delays, prolonged monsoons and construction bans. Average EBITDA margin slipped 40 basis points to 10.1%, while adjusted PAT margin fell to 5.2%....
Structural Conditions Set Stage for Multi-Year Energy Bull
The STRUCTURAL CONDITIONS are right for a multi-year bull energy market, says @ericnuttall That doesn't mean it's started or that it will be a straight line back to $90-$100 oil prices. Prices will remain volatile, cyclical, and politically distorted — even...

125 International Companies Exit Pakistan Amid Corruption Claims
#PakWatch🇵🇰: 125 international companies are ceasing operations in Pakistan. PAK = CORRUPT = 3RD WORLD https://t.co/tmHXxbtj8I

Goldman: Gold to Grind Higher to $5,400/Oz by End-2026 on Strong Demand
Goldman Sachs projects gold prices to climb to $5,400 per ounce by the end of 2026, driven primarily by renewed central‑bank buying and modest private‑investor inflows linked to Federal Reserve rate cuts. The forecast assumes a conservative base case with...

Korean Stocks Nearing March with Almost No Down Days
It's almost March and Korean stocks have barely had any down days all year, lol. Crazy https://t.co/5E1xp4S5XL
Takaichi Warns of Japan’s Domestic Investment Shortfall
*TAKAICHI:THERE IS A DEARTH OF DOMESTIC INVESTMENT IN JAPAN Takaichi dropping truth bombs. Starts of with the biggest
US‑trained Chinese Firms Dominate Memory Supercycle
Chinese memory firms GigaDevice Semiconductor and Montage Technology have emerged as new heavyweights in the domestic semiconductor industry, as these companies founded by US-returned Chinese engineers capitalise on the global memory supercycle. https://t.co/Vn4nQD1BYc

US NatGas Spot Prices Under Marginal Cost Post‑Vortex
U.S. Natural Gas in Post-Vortex Price Discovery: Spot Prices Below Marginal Cost $3.27 spot price was at least $1.80 less on the red curve & $0.90 less on the orange curve #energy #NaturalGas #shale #fintwit #oilandgas #Commodities #ONGT #natgas #LNG https://t.co/OIY9qxNzmU

Busan Deal: US Sacrific
The impact of the "Busan" deal is now in the trade data -- the US clearly gave up a bit of tariff revenue (lowering the tariff on China) for a bit of supply chain peace, and the prospect of...
Spend $33B on Flexibility, Not Idle Gas Plant
For $33B he could have solved the entire PJM capacity auction challenge with demand flexibility through 2029, but sure overpay for a gas plant that won’t run more than 20% of the year…