After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.
Category: Economic Conditions and Trends
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As China’s Markets Stumble, Japan Rises Toward Record
A change in perception among investors about China and Japan is one of the biggest themes in the markets right now.
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When Will the European Central Bank Start Cutting Rates?
Interest rate cuts could start as soon as April, investors say. But the eurozone’s central bank, which held rates steady on Thursday, has said it will probably wait longer.
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Brainard Pitches Biden’s Economic Efforts In Hard-Hit Regions
Lael Brainard, the National Economic Council director, contends the administration deserves credit for recent gains in areas battered by past job losses.
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At Davos, War Is on the Agenda, but the Focus Is on A.I. and Elections
The leaders and executives gathering at the World Economic Forum are obsessed with elections and artificial intelligence, not Ukraine or Gaza.
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Germany’s Economy Stalls Amid Falling Output and Political Bickering
The economy shrank last year and is not predicted to grow much in 2024. Farmers are angry, industrial output is falling and the government is bickering.
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U.K. Inflation Edges Higher, Halting 10-Month Decline
Britain’s inflation rate ticked up to 4 percent in December, driven by an increase in tobacco taxes.
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U.K. Inflation Edges Higher, Halting 10-Month Slide
Britain’s inflation rate ticked up to 4 percent in December, driven by an increase in tobacco taxes.
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Hong Kong Stocks Sink 4 Percent as China’s Economy Scares Investors
Pessimism among investors was most pronounced in Hong Kong, where stocks have plunged by nearly 10 percent so far this year.
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China Premier Li Qiang Says Economy Grew ‘Around 5.2 Percent’
Speaking at the Davos global forum a day before China is set to release economic data, Premier Li Qiang said the economy grew “around 5.2 percent.”
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Apple Will Discount iPhones by $70 in China Starting Thursday
Facing a weak consumer appetite and fierce competition from domestic rivals amid US-China tensions, a typically discount-wary Apple is offering a 4-day sale.