Today: 5. Nov, 2024
The world’s largest sovereign wealth fund, overseen by Norges Bank Investment Management (NBIM), has initiated the procedure to shut its Shanghai office. This move underscores the broader trend of major international entities scaling back their presence in the globe’s second-largest economy. NBIM,…
Wall Street was seeing a mild uptick on Friday. However, the rise wasn’t significant enough to deviate from its trajectory toward its first weekly dip in three weeks. In midday trading, the S&P 500 climbed by 0.3% after a consecutive three-day fall.…
Two leading property developers in China are encountering grave financial challenges, raising concerns over potential ripple effects on the broader Chinese economy. Evergrande, a notable representative of China’s real estate struggles, recently sought Chapter 15 bankruptcy protection in New York. This move…
Ahead of their scheduled meeting in Florida, US President Donald Trump has made his stance on North Korea quite evident to China’s leader, Xi Jinping. With his trademark assertiveness, Trump communicated to the Financial Times that China has two choices: assist the…
Originally poised to fuel one-third of the world’s economic growth in 2023, China’s recent economic dip has set off global concerns. Around the world, policymakers are preparing for potential economic ramifications as China reduces its imports, spanning from building materials to electronics.…
Donald Trump, the President of the United States, is taking a new direction in foreign relations. Previously, Trump voiced the potential of a positive relationship with Russian President Vladimir Putin during his candidacy. Trump praised Putin for calling him a “genius,” faulted…
China’s housing ministry has declared intentions to simplify the property acquisition process for citizens. This announcement made late on Thursday, highlights how the various tiers of government have begun to take action just days after Beijing indicated a departure from its campaign…
China’s once-promising economic recovery has hit a stumbling block, prompting a notable change in the country’s approach to diplomatic talks and economic policies. The faltering economy has led senior Chinese officials to engage in discussions with geopolitical rivals and display greater openness…
In a concerning turn of events, recent indicators point to a precarious state of the global economy, with China’s economic recovery showing signs of weakness and trade figures reflecting subdued global and domestic demand. Furthermore, interest rate increases in various countries are…
Shares advanced as diminished inflation data reinforced Wall Street’s anticipation that the Federal Reserve will refrain from escalating interest rates this week. The S&P 500 increased by 0.4% in the morning trading session, moving further into territories not visited since April 2022.…
