Illustration: Aïda Amer/Axios Emerging market debt and equities have rallied over the last few months. The main driver? China. Why it matters: It’s another example of how the world’s second-largest economy sets the pace for the rest of the globe — or at least that’s what investors are banking on. China’s reopening from punitive COVID-related … Read more
Signs of ‘sequential acceleration’ in Hong Kong despite economy contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion,” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing signs that there’s been a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s … Read more
China’s stocks bounced back in recent months on the back of the country’s reopening — and that’s gotten investors excited about tech. No Chinese tech stock has generated as much excitement as Alibaba, one of the most recognizable names in the Chinese internet sector. The stock is a hot favorite among Wall Street analysts, with … Read more
Text size BYD sold fewer EVs in January than it did in December. Sales are still up year over year. Getty Images January electric vehicle sales in China look lousy. That could be an issue for Tesla . Tuesday evening, Chinese EV maker place bid (ticker: place bid ) reported sales numbers for the first … Read more
The US dollar index fluctuates, hovers around 100 The dollar index fell more than 0.3% to 100.92, to the lowest levels that it’s seen since April 2022, when it last fell below the 101-mark, Refinitiv data showed. The Dollar Index hit a low of 101,036 overnight, its lowest level since 4/22/2022 when it traded as … Read more
Nine people have been arrested and millions of dollars’ worth of Sydney homes, cryptocurrency and luxury items seized after federal police crushed a syndicate allegedly offering money laundering at an “industrial scale”. The Australian Federal Police (AFP) says the group, headed by a 43-year-old Vaucluse man, acted as an “underground bank” allowing organized crime gangs … Read more
TOKYO (AP) — China’s growing assertiveness and collaboration with Russia pose a challenge not only to Asia but also to Europe, NATO Secretary-General Jens Stoltenberg said Wednesday as he sought stronger cooperation and more “friends” for NATO in the Indo-Pacific region . Stoltenberg said China is increasingly investing in nuclear weapons and long-range missiles without … Read more
Text size Peloton stock was soaring Wednesday. Ezra Shaw/Getty Images Stocks were falling Wednesday as investors positioned themselves ahead of the Federal Reserve’s decision on interest rates. These stocks were making moves Wednesday: Peloton Interactive jumped 18% after the at-home fitness company posted fiscal second-quarter revenue ahead of analysts’ expectations. Subscription revenue came in above … Read more
London CNN — Europe’s stock markets have beaten Wall Street by the biggest margin in more than three decades over recent months as its economy looks set to dodge a recession many thought inevitable just a few weeks ago. Since late September, European market benchmarks have risen by 20 percentage points more than Wall Street … Read more
Penny Wong warns Indo-Pacific war would be ‘catastrophic for humanity’ | ABC NewsABC News (Australia) Wong’s brutal remark in the UKnews.com.au Penny Wong saw fit to give the Brits a ‘lecture about their colonial past’Sky News Australia ‘Proudly ignorant’: Penny Wong blinded by ‘woke prejudice’Sky News Australia View full coverage on Google News