Corporate news, financial markets, and economic trends
China announced it will continue implementing a new round of rate cuts – which is aimed at encouraging its slowing economy, which probably is going to slide to an estimated 5% growth in 2024. The People’s Bank of China or the PBC has significantly reduced the rates of lending with the five-year LPR was set…
While the global economy is still under great stress, there are some signs of stabilization, so it’s not time to celebrate just yet, particularly low growth and increased public debt, says IMF Managing Director Kristalina Georgieva. These are the issues at the top of the agenda for governments, policymakers, and international institutions, which have launched…
Recently again, Ray Dalio, of the world’s largest hedge fund Bridgewater Associates, again reiterated the critical necessity for China to do some balanced deleveraging of its swelling debt. He refers to it as “beautiful deleveraging,” where deleveraging will include decreased debt burden and keep the economy stable, or, in his words, “”increased potential prospects of…
A new report by Tax Justice Network has revealed that the British Overseas Territories have finally taken over as the world’s largest enablers of corporate tax abuse. The study on the international scale of tax avoidance by the organization concentrates on the territories, among which are the British Virgin Islands, the Cayman Islands, and Bermuda,…
China said it is raising its financial support program for the real estate projects on the “whitelist.” The move in China should stabilize its struggling property market, weighed down by debt and buyer confidence. Ministry of Housing and Urban-Rural Development (MOHURD) Chairman Ni Hong confirmed financing for those projects would rise to 4 trillion yuan…
Beijing currently faces a heightened stage of volatility in its stock market after the manifestation of investors increasing concern over China’s economic direction. For instance, declines in the CSI 300 and Shanghai Composite Index indicate some of the challenges that lie in Chinese equities. The correction reflects a broader sentiment of uncertainty as investors eagerly…
Donald Trump was going to continue loudly advocating protectionist trade policies in 2024 and demand more control over the Federal Reserve. His strategy has been primarily based on large tariffs on a broad array of imports, especially China. The rationale for greater tariffs in the case of Trump is that these would protect manufacturing in…
Asian shares have posted gains on Tuesday, mainly due to the positive direction Wall Street took, boosting the sentiments of investors. Boosting US equities is optimistic corporate earnings along with growing expectations that the Federal Reserve will cut rates next month, less aggressively than initially thought. Nikkei 225 had gone up 1%, hitting a three-week…
The Boeing strike has intensified, and thus, U.S. Acting Labor Secretary Julie Su has entered the ongoing affair between Boeing and International Association of Machinists and Aerospace Workers (IAM) to a conciliatory end. Su visited Seattle, the first in-person intervention, as the strike, now reaching five weeks, has frozen Boeing’s activities, with 33,000 workers joining…
Boeing plans to shed about 17,000 jobs, or 10 percent of its global workforce, as the plane manufacturer battles rising losses from a strike by 33,000 employees. The walkout forced Boeing to halt production of the best-selling 737 MAX and 777 models, though it has estimated it is losing $1 billion a month. It is…
