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Category: Finance
Asian shares declined on Friday, as optimism over China’s rescue measures faded and investors parsed weak results from Intel Corp. Shares in mainland China and Hong Kong dropped after the biggest three-day rally since 2022. Morgan Stanley cut its targets for major Chinese stock indexes, saying the country’s challenges with debt, demographics and deflation are … Read More “Asian stocks fall after six-day streak of gains: Markets wrap” »
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Exporters in South Africa and other countries in the region are increasingly avoiding South Africa’s dismal rail and harbour logistics in favour of alternative routes to ensure their products reach markets timeously and efficiently, according to experts. On 2 January the first copper from the Kamoa-Kakula copper fields in the Democratic Republic of Congo (DRC) … Read More “Logistics crisis: Neighbours eat SA’s lunch” »
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Stocks in Asia dropped from session highs as concern over China’s faltering economy dragged down the nation’s equities. A gauge of regional shares more than halved its earlier advance as benchmark indexes in Hong Kong and China fell. China’s commercial lenders kept their benchmark lending rates unchanged Monday, in line with the central bank’s decision … Read More “Asian stocks pare gains on weak China sentiment: Markets wrap” »
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The world is finding an uneasy equilibrium with a more benign economic backdrop overshadowed by a panoply of geopolitical risks, according to the final Davos panel of 2024. The prospects of subsiding inflation and a pickup in global trade offer some encouragement for investors despite the backdrop of war and populism, European Central Bank chief … Read More “Davos sees global economy settling into strange new dynamic” »
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China is still contending with major challenges from deflation pressures and the property crisis as the year kicks off, with investors underwhelmed so far by policies to keep economic momentum going. Data released Wednesday presented a mixed bag for the world’s second-largest economy, which hit an official growth target for the year but has failed … Read More “China’s economic growth disappoints, fuelling stimulus calls” »