Leading Chinese electric car maker BYD’s vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence.The EV and battery giant is the most prominent of Chinese automotive firms expanding abroad — plans that are increasingly threatened by thorny trade disputes between Beijing and the West.BYD sold 4,272,145 …
Major European and Asian stock markets began 2025 in the red as investors await planned tariffs from US president-elect Donald Trump, adding to China’s economic struggles.The dollar was up against the euro and pound but down versus the yen. Oil prices jumped on hopes of rebounding demand.“January can be a testing time for markets and …
Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs, and China’s economy gave Wall Street the holiday blues for a fourth straight session.Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence (AI), cuts in borrowing costs by central banks, and Donald Trump’s …
Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs and China’s economy gave Wall Street the holiday blues for a fourth straight session.Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence (AI), cuts in borrowing costs by central banks and Donald Trump’s …
Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI), falling interest rates, and hopes of tax cuts.Here are four of the most remarkable aspects of 2024 for financial markets:- Stock records fall like dominoes -Wall Street’s three main stock indices blew past record highs to set …
Global markets rode AI, interest rate roller coaster in 2024 Read More »
Wall Street stocks slid Tuesday to close the year on a gloomy note but Europe’s main stock markets advanced, as all eyes turn to 2025 and the impact that the policies of US President-elect Donald Trump will have on the global economy.After dropping more than one percent on Monday as investors booked profits and broke …
US stocks slip as European markets ring out year with gains Read More »
Wall Street stocks moved higher on Tuesday, looking to ring out the year with gains as did Europe’s main stock markets, as all eyes turn to 2025 and the impact that the policies of US President-elect Donald Trump will have on the global economy.After dropping more than one percent on Monday as investors booked profits …
US, European stock markets look to ring out year with gains Read More »
Europe’s main stock markets ended the year Tuesday with solid gains, as all eyes turn to 2025 and the impact that the policies of US president-elect Donald Trump will have on the global economy.London’s benchmark FTSE 100 index closed up 0.6 percent and the Paris CAC 40 rallied 0.9 percent in a shortened trading day. Over …
President Xi Jinping said China will put in place “more proactive” macroeconomic policies next year, state media reported, as he addressed a top political advisory body on Tuesday.The country has struggled this year to climb out of a slump fuelled by a property market crisis, weak consumption and soaring government debt.Beijing has unveiled a string …
Xi says China must apply ‘more proactive’ macroeconomic policies in 2025 Read More »
Asian stocks ended the year mainly in the red on Tuesday after worries about 2025 and profit-taking turned Wall Street’s usual holiday period “Santa Claus rally” into a mini-rout.The three main US indices all slumped around one percent on Monday, adding to Friday’s losses, with Tesla down 3.3 percent and Facebook owner Meta off 1.4 …
