Index slides 7.7% to 72.3, lowest reading since April 2020 Contract signings decrease in all US regions, led by Midwest A gauge of pending US existing-home sales tumbled to a four-year low in April as higher mortgage rates cast a pall on the spring selling season. An...

Economy expanded at 1.3% pace versus initial estimate of 1.6% Consumer spending was lower on outlays for goods like autos The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods. Gross...

Local soybean meal prices are hovering around three-year lows Heavy rains in South America could underpin soybean imports China is sending record quantities of soybean meal abroad, as a shrinking number of pigs and weak demand for pork force processors to export their...

Strategy is buying Treasury bills to take advantage of yields US government borrowing also likely to pressure bonds: Miller A top-performing quant fund is shorting five- to 10-year US Treasuries on expectations that interest rates will stay on hold this year as prices...

May 29 - Best Buy (BBY.N) is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured despite easing inflation. Although results from...

Seven of 12 economists see up to 0.3 ppt growth lift this year Analysts expect cut to reserve requirement ratio by end-June China’s most forceful attempt to shore up its beleaguered property market is expected to improve growth prospects modestly this year, according...

Hong KongCNN —  China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. Even though China’s economy expanded faster than...

Insmed Inc. shares more than doubled after the company’s experimental drug reduced episodes of worsening symptoms in a final-stage study of patients with a rare lung condition. Patients with bronchiectasis who received Insmed’s brensocatib had fewer exacerbations than...

CK Asset’s office buildings in Central see high vacancies Increasing supply, weak demand put pressure on market No one’s property in Hong Kong epitomizes the pain in the office market better than real estate legend Li Ka-shing’s. CK Asset Holdings Ltd.’s crown jewel...

Power producers, semiconductor firms well placed to benefit Region to be second-largest non-US data center provider: MS Equity investors are scouring Southeast Asia for alternatives to play the artificial intelligence theme as tech giants pour billions of dollars in...

OPEC+ expected to prolong cuts at meeting to be held online Brent above $83 a barrel after touching lowest since February Oil rose after dropping last week, with the focus on an OPEC+ supply meeting on Sunday and US demand at the start of the summer driving season....

Smelters are turning to abundant scrap supplies to replace ore Plants add capacity to defend market share and boost growth The global copper market is gripped by fears of a shortage, which has propelled prices to record levels and sparked a $49 billion...

Across stocks, bonds, oil, FX volatility is lowest since 2020 VIX index touched the lowest in five years last week Volatility is getting crushed. Everywhere. One risk event after another, from inflation data to Nvidia Corp. earnings, gets cleared with barely a ripple...

Le Maire says determined to shelter own economic gains French minister speaks with Bloomberg TV at Group of Seven The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint...