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 …
Market research firm Counterpoint Research reported a 5% year-on-year growth in the global smartphone market in October, marking the first growth after a 27-month contraction. This growth was primarily driven by a resurgence in emerging markets, Huawei’s successful return in China, and Apple’s launch of the iPhone 15 in September. Counterpoint Research anticipates that the …
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, …
A Charles Schwab location in New York, US, on Friday, July 7, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you …
A View of Virginia Gas Prices at Highest Level in a Year Celal Gunes | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you …
Visitors shop at the Apple Flagship Store, which is temporarily open due to an upgrade, in Shanghai, China, July 18, 2023. CFOTO | Future Publishing | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, …
Visa Inc. and Mastercard Inc. have experienced a decline in business with cryptocurrency exchange Binance, indicating a growing wariness among traditional financial institutions. This loss of partnership comes as Binance faces intense regulatory scrutiny and concerns surrounding financial compliance within the crypto industry. Specifically, Mastercard will no longer offer Binance-branded cards in Latin America and …