On Mon, Nov 27 2023 at 12:26 AM EST, the Beijing Stock Exchange reminded major shareholders of listed companies not to reduce holdings due to fears of losing market excitement, according to Reuters. The Beijing Stock Exchange 50 Index has been on an uptrend, registering a one month gain of 44.72% and three month gain …
Four hours ago, the downward trend of oil prices continued when the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, postponed their policy-setting meeting by four days. The oil cartel’s meetings scheduled for November 25-26 are now rescheduled for November 30. Brent crude traded 1.2% lower at $80.99 a barrel on …
5 Hours Ago China’s consumer prices decline in October A decline in China’s consumer prices was reported in October as the country’s economy continued its uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed a 0.2% year-on-year drop in the consumer price index, surpassing the 0.1% decline anticipated by economists surveyed by Reuters. …
In October, China’s consumer price index shrank by 0.2% year-on-year, exceeding the anticipated 0.1% decline. The producer price index also fell, declining 2.6% last month, marking the 13th consecutive month of decline. An employee works on the assembly line of LED lighting products in China. Vcg | Visual China Group | Getty Images Amid an …
New Zealand’s inflation expectations have dropped to a two-year low according to a Reserve Bank of New Zealand survey.The RBNZ’s two-year inflation expectations fell to 2.76% from 2.83%, and annual price increases for a year ahead were expected to cool to 3.60%, down from 4.17%. The survey also highlighted that the central bank’s interest rate …
The stamp duty that non-permanent residents have to pay for property and another levy imposed on additional property purchases by residents will each be halved to 7.5%. A special stamp duty amounting to 10% of property prices that was previously imposed on transactions involving property held for less than three years will now apply for …
Malaysia’s inflation rate reaches its lowest point since March 2021, with the consumer price index only increasing by 1.9% in September compared to 2% in August. This is also lower than the expected rate of 2.2% from a Reuters poll. It has been 13 straight months without an increase in inflation. On a month-on-month basis, …
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. While that was the second straight quarter of profit declines, …
Apple iPhone supplier Foxconn, also known as Hon Hai, has revealed its semiconductor strategy, focusing on producing “specialty chips” instead of competing in cutting-edge chip technology. Chiang Shang-Yi, the chief strategy officer for semiconductor at Hon Hai, stated that the company does not chase after the most advanced technology, but rather focuses on specialty technology …
An undated editorial photo of Chinese yuan cash bills and the flag of the People’s Republic of China. Javier Ghersi | Moment | Getty Images China’s consumer prices remained unchanged in September, while there was a slower annual decline in factory gate prices for the third consecutive month. This indicates an uneven post-Covid recovery in …