China Defense Spending to Climb 7.2% as Xi Pursues Buildup

Mar 4, 2024 | Markets

Increase in military expenditure is the biggest in five years Corruption is raising questions about nation’s armed forces China’s defense spending will grow by 7.2% in 2024 — the most in five years — an increase that comes amid signs corruption is undermining a...

Country Garden’s Sales Drop Most in Years Amid Wind-Up Fears

Mar 4, 2024 | Markets

Chinese developer saw transactions plunge 85% from a year ago Chairman pledges to deliver projects with its own resources Country Garden Holdings Co. posted its biggest sales decline in at least seven years, adding to the woes of the Chinese property developer that is...

JPMorgan Sees ‘Froth’ in US Stocks, While Goldman Says Rally Justified

Mar 4, 2024 | Markets

Marko Kolanovic warns equities, Bitcoin prices rising too fast Goldman’s Kostin says valuations supported by fundamentals Are US stocks forming a bubble? It depends on who you ask. To JPMorgan Chase & Co.’s chief market strategist Marko Kolanovic, the dramatic...

China Calls Out US for ‘Classic Protectionism’ in Tension Over EVs

Mar 4, 2024 | Markets

China became world’s biggest vehicle exporter in 2023 US could impose limits on China EVs, Bloomberg has reported China charged the US with engaging in protectionist trade measures amid signs that Washington is prepared to step up efforts to keep Chinese electric...

Morgan Stanley Offers Pre-IPO Share Trading to Wealth Clients

Mar 4, 2024 | Markets, Private Markets

Unit to offer private shares to accredited investors Valuations of private firms like OpenAI, SpaceX have jumped Morgan Stanley’s wealth management arm is giving its clients a chance to buy and sell coveted shares of private companies before they are available to the...