Browsing: Business
Bitcoin’s price has plunged by more than 20% following the introduction of US-based cryptocurrency ETFs, prompting caution among speculators.
Moody’s warns of Asia’s 2024 sovereign credit risks as China’s economic growth slows amidst geopolitical concerns.
US stock markets had a strong start to the week, with the S&P 500, Dow Jones, and Nasdaq all posting gains, reaching new highs.
Based on the World Bank’s projections as of 2024, Lebanon’s economic situation remains deeply concerning and “high uncertain.”
China’s mutual fund industry sees record closures amid stock market downturn with 240 funds, mostly stock-focused, liquidated in 2023.
China meets its 5.2% 2023 growth target, but sees a first-in-30-years drop in dollar-denominated GDP, signaling economic slowdown.
Treasury yields spiked to a five-week high, propelled by solid retail sales and key remarks from the Federal Reserve.
JPMorgan names India as its key Asian market in 2024, due to the global “China plus one” manufacturing strategy, benefiting India’s economy.
China’s economy to grow at 5.2% in 2024, showing signs of resilience with improved factory output and retail sales in November.
In 2023, Germany’s economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data.