International Monetary Fund (IMF)

China’s Property Sector Woes Increase Risks to Asia’s Economy, IMF Warns

 The International Monetary Fund (IMF) has raised concerns about heightened risks to Asia's economy due to intensifying trade tensions, a prolonged downturn in China's property sector, and potential market turbulence. These factors threaten to disrupt regional growth, with implications for...
Chinese Electric Vehicle

China’s Manufacturing Sector Shows Growth in October, Boosted by New Orders and Government Stimulus Measures

China’s economy, the country’s manufacturing activity swung back into growth in October, according to the latest Caixin/S&P Global manufacturing Purchasing Managers’ Index (PMI) released Friday. The PMI rose to 50.3, up from 49.3 in September, signaling an expansion in the...
China Property Market

China’s Property Market Rebounds: October Sees First Year-on-Year Increase in 2024

China’s residential property market has shown its first year-on-year growth of 2024 in October, with a notable 7.1% increase in new-home sales among the country’s top 100 real estate firms. This recovery marks a positive shift following a substantial 37.7%...
Tech stocks

Tech Stocks Decline Extends to Asia Amid Disappointing US Corporate Results; Oil Prices Climb on Middle East Concerns

Major markets in Asia felt the impact of US tech stock pullbacks on Friday, as lackluster corporate results from American tech giants led to cautious trading across the region. While oil prices surged on heightened tensions in the Middle East,...
Riyadh Skyline, Saudi Arabia

Saudi Investment Firm Salic Nears Acquisition of Olam Agri in $4 Billion Deal

In a move signaling Saudi Arabia’s accelerating drive towards agricultural self-sufficiency, the Saudi Agricultural & Livestock Investment Co. (Salic) is closing in on a deal to acquire full control of Olam Agri Holdings. The transaction, valued at approximately $4 billion,...
Asian Stock

Asian Markets Start November on Cautious Note Amid Oil Rally, Rate Cut Prospects, and Earnings Surprises

As Asian markets opened in November, global financial trends prompted caution among investors, with shares mostly dipping and U.S. Treasury yields nearing three-month highs. The month’s kickoff has been marked by expectations of significant U.S. data releases, a pivotal Federal...
China Tiangong Space Station

China’s Tiangong Space Station Prepares to Lead in Space Exploration as ISS Nears Decommissioning

As the International Space Station (ISS) moves towards the end of its operational life in the early 2030s, China’s Tiangong Space Station is positioned to play a central role in the next phase of space exploration. With comprehensive expansion plans,...
US Dollar - Chinese Yuan

Dollar Bond Spreads for Asia’s Top-Rated Issuers Narrow to Record Lows Amid Chinese Stimulus Push

In a remarkable financial shift, dollar bond spreads for Asia’s high-grade issuers have reached record lows, driven by aggressive monetary and fiscal measures by Chinese policymakers. The gap in yield premiums on Asian bonds has closed to 74.6 basis points...
Crude Oil

Oil Prices Rise on Optimism Over U.S. Demand and Potential OPEC+ Output Delay

Oil prices surged on Thursday, building on a rally from the previous day as bullish sentiment around U.S. fuel demand emerged following an unexpected drawdown in both crude and gasoline inventories. Additionally, the market responded positively to reports that OPEC+...
Dollar-Yen

Yen Under Pressure as Bank of Japan Holds Rates Steady; U.S. Dollar Pauses Ahead of Key Jobs Data

As the yen heads for its largest monthly loss since 2016, markets watch closely for shifts from the Bank of Japan and key U.S. economic data ahead of the presidential election. The Japanese yen continued to face intense pressure on...
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