Sep 15, 2024 | Markets
Factory output, consumption, investment data disappoint Hong Kong-listed equities brace for impact as mainland is shut Chinese stocks trading in Hong Kong look primed for losses on Monday following a poor set of economic data that’s deepened skepticism over any...
Sep 14, 2024 | Markets
Deflation stalking China since last year is now showing signs of spiraling, threatening to worsen the outlook for the world’s second-largest economy and raising calls for immediate policy action. Receding inflation and growing economic concerns prompted the European...
Sep 14, 2024 | Markets
Trouble at VW, Commerzbank shake up Europe’s biggest economy Populist surge in regional elections adds to uncertainty Germany muscled its way through the Covid-19 pandemic and managed to avoid a devastating industrial shutdown after Russia cut off its gas supplies....
Sep 13, 2024 | Markets
The company’s focus will be on developing artificial intelligence with 3D perception. Artificial intelligence startup World Labs announced its official launch on Sept. 13. The firm is reportedly valued at over $1 billion and has raised more than $230 million in...
Sep 13, 2024 | Markets
Hedge funds turned net bearish on Brent crude for the first time on record as concerns about an oversupply of oil hammer futures prices. Money managers’ short positions outnumbered long bets by 12,680 lots in the week ended Sept. 10, the first time that’s happened in...
Sep 13, 2024 | Markets
Weaker prospects of real income growth, comfortable retirement Election adds to uncertainty in University of Michigan survey A record share of households are uncertain about the US economic outlook, most expect inflation to take a bigger chunk of their incomes and the...
