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. …
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, …
Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images Chinese real estate developer Country Garden Holdings highlighted its difficulties in making offshore repayments, particularly in relation to its U.S. dollar notes. The company failed to repay 470 …
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Hong Kong’s Hang Seng Index experienced a significant decline of over 3% on Tuesday, primarily due to the decline in the real estate and energy sectors. According to Everbright Securities’ Kenny Ng, the index …
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Chinese property developer Evergrande skyrocketed by 82% on Wednesday, dominating the gains on the Hang Seng index. Although the stock has …
Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018. Anthony Kwan | Bloomberg | Getty Images Hong Kong-listed property stocks experienced a significant surge on Monday, driving the Hang Seng Index …
Text size Evergrande has long symbolized China’s sprawling and distressed property sector. Getty Images Evergrande has filed for bankruptcy protection in the U.S. nearly two years after its descent into distress triggered a crisis across China’s property sector. More risks, beyond developers, are brewing in the world’s second-largest economy. Evergrande filed for Chapter 15 bankruptcy …