Oct 16, 2024 | Markets
China’s consumer slowdown hits high-end conglomerate LVMH Rivals Brunello, Hermes, Kering have yet to report sales Eighteen months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s wealthiest...
Oct 16, 2024 | Markets
US mortgage rates rose sharply for a second straight week, reaching the highest level since early August while prompting steep declines in both home-purchase and refinance activity. The contract rate on a 30-year fixed mortgage rose 16 basis points to 6.52% in the...
Oct 16, 2024 | Markets
Market volatility has been rising as traders debate next move Property shares jump before housing ministry briefing Thursday Chinese stocks fell to the verge of a correction in a sign of growing disappointment over the pace of stimulus rollout. The CSI 300 Index ended...
Oct 15, 2024 | Markets
Inflation rate of 2.2% now back inside RBNZ’s 1-3% target band Kiwi dollar falls as traders bet on another big rate cut New Zealand’s annual inflation rate fell sharply in the third quarter, returning to the central bank’s target band for the first time in more than...
Oct 14, 2024 | Markets
Melbourne-based AustralianSuper manages over A$341 billion CIO Mark Delaney speaks at Bloomberg event in Sydney China’s latest bout of stimulus may help stabilize the country’s property crisis but investors should position for the end of the economy’s boom years, says...
Oct 13, 2024 | Markets
Finance officials vow to aid housing sector, local governments Much-anticipated briefing lacks immediate steps to lift demand China moved to further ramp up support for the economy, promising more aid for the slumping property sector and indebted local governments....
