- November 26th, 2024
Chinese equities have emerged as some of the world’s best performers this year, and according to Bank of America Corp.’s top options strategist, Lars Naeckter, there’s still room for growth. Naeckter, who previously predicted significant gains in the Chinese stock...
The United States has signaled its intent to push back against China’s growing market dominance, which is fueled by excessive production in key sectors like electric vehicles (EVs), semiconductors, and batteries. Daleep Singh, Deputy National Security Adviser for International Economics,...
New Zealand’s currency, the kiwi, slumped to its weakest level since August, driven by a combination of rising expectations for larger interest rate cuts and growing concerns over China’s economic outlook. The kiwi fell as much as 0.7% to 60.4...
In a year marked by rising subscription prices across major streaming platforms like Disney+ and Peacock, Netflix (NFLX) has decided to hold off on raising its US subscription fees — for now. Despite this pause in price hikes, the streaming...
The U.S. dollar hovered close to an 11-week high against major currencies on Friday, buoyed by robust economic data from the U.S. and growing speculation over a potential election victory for former president Donald Trump. While Asian stock markets reflected...
China's economy expanded at a slower-than-expected rate of 4.6% in the third quarter of 2024, according to data released by the National Bureau of Statistics on Friday. The latest figures signal a continued deceleration in the world’s second-largest economy, which...
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, saw its shares soar to record highs on Friday, following its strong third-quarter earnings and a bullish outlook driven by the rising demand for artificial intelligence (AI) technologies. However, the...
That could reshape aviation and economic dynamics in Southeast Asia, Laos has expressed keen interest in acquiring Chinese-manufactured commercial aircraft. This comes as the country struggles with an immense debt burden, largely stemming from Chinese infrastructure loans. The move is...
Global hedge funds are gearing up for an intense battle over China’s yuan, betting on a currency devaluation in anticipation of Donald Trump’s potential re-election. These funds, motivated by fears of geopolitical upheaval and a return to Trump’s aggressive trade...
Meta Platforms, Inc., the parent company of popular apps like Instagram, WhatsApp, and the virtual reality unit Reality Labs, has initiated a new round of layoffs, according to a report by The Verge. The latest job cuts, though reportedly small...
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