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 …
Lately, key policymakers have announced increased support for the economy, particularly for struggling local governments. The International Monetary Fund raised its China growth forecast to 5.4% for the year and to 4.6% for 2024, crediting Beijing’s policy announcements as a reason for the adjustment. CHONGQING, CHINA – NOVEMBER 5, 2023 – High-rise buildings are seen …
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. …
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 …
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, …
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 …
An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province. Future Publishing | Future Publishing | Getty Images China’s September exports decline less than expected, while imports miss forecast, according to customs data. The decline in exports last month was 6.2%, surpassing analysts’ forecast of a 7.6% drop. …
Shares of Evergrande were suspended on Thursday, Hong Kong’s exchange announced. Seen here are residential buildings under construction at the Tao Yuan Tian Jing project, developed by China Evergrande Group, in Yangzhou, China. Bloomberg | Getty Images Shares of China Evergrande Group were suspended on Thursday, Hong Kong’s exchange announced. The chairman of the embattled …
Chinese laborers working at a construction site at sunset in Chongqing, China on March 6, 2005. China Photos | Getty Images BEIJING — China’s retail sales and industrial production showed impressive growth in August, as reported by the National Bureau of Statistics. These results exceeded expectations and demonstrated a positive trajectory for the country’s economy. …