China has recently shown its support for property developers and efforts to resolve local government debt issues during a high-level financial meeting that concluded on Tuesday, according to a state media report. This significant financial work conference is conducted twice a decade and serves as a platform to establish long-term policy directions, which will subsequently
World
Australia’s Trade Minister, Don Farrell, has expressed the country’s intention to diversify its trading relationship with China while maintaining the current level of trade flows. In a recent interview with CNBC, Farrell emphasized the importance of stabilizing the relationship with China while also exploring opportunities to expand trade with other countries, particularly those with which
The 10-year government bond yields in Japan have started creeping closer to an 11-year high as the Bank of Japan (BOJ) commences its two-day monetary policy meeting. These rising yields have significant implications for the Japanese economy and could impact various sectors, including retail sales and tech companies. This article examines the current situation and
The ongoing conflict between Russia and Ukraine has once again reached a critical point, with both sides exchanging attacks and engaging in escalated military maneuvers. The recent events, which include the shooting down of Ukrainian drones by Russian air defense systems and the fire at an oil refinery in the Krasnodar region, have heightened tensions
Ukrainian President Volodymyr Zelenskyy finds himself in a challenging position as he seeks to capture the attention and support of the international community. Despite the ongoing war with Russia since February 2022, Zelenskyy’s plea for political, economic, and military aid may fall on deaf ears. The recent focus on the Israel-Hamas conflict during the European
The stock market took a deep dive last week as the S&P 500 entered correction territory. With all three major averages experiencing significant losses, investors are growing increasingly concerned about the state of the economy. Both the Dow and S&P 500 fell by 2.1% and 2.5%, respectively, over the course of the week. The Nasdaq
Meta, despite being banned in China, has managed to achieve significant growth in the country’s ad market. In the third quarter earnings report, Meta reported a 23% increase in sales compared to the previous year. This growth rate surpasses that of smaller rivals such as Snap and X (formerly known as Twitter). Susan Li, Meta’s
Meta, formerly known as Facebook, has delivered better-than-expected financial results for the third quarter of the year, showcasing an impressive revenue growth rate of 23%. This growth rate represents the fastest pace since 2021 and has positively impacted the company’s stock, causing it to rise by more than 2% in extended trading. Let’s take a
As investors in Asia-Pacific markets evaluate the latest private surveys of business activity from Japan and Australia, as well as the October producer price index from South Korea, the overall sentiment appears to be cautious. These assessments contribute to a mixed market performance across the region. In Australia, the S&P/ASX 200 made a marginal gain,
Intel, the leading provider of PC chips, faced a significant setback on Monday as its stock dropped by 3% following reports that Nvidia and AMD were developing Arm-based PC chips. In contrast, Arm stock experienced a surge of almost 5%, while Nvidia saw a nearly 4% increase in late-day trading. This development raises concerns about