Asia Business

China’s premier ‘fully confident’ of hitting growth targets

Chinese Premier Li Qiang said Tuesday he was “fully confident” the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more.Beijing has set a growth target of around five percent for 2024, but in the third quarter the country saw its slowest expansion in a year …

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Most Asian markets rise as US heads to polls in toss-up vote

Asian markets mostly rose Tuesday, a day before results from the US presidential election rolled in, with opinion polls showing a knife-edge vote, while Chinese equities were boosted by hopes over the country’s economy.Uncertainty about the outcome and worries that the winner might not be known for days has led to warnings that investors could …

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Nintendo lowers sales forecast as first-half profits plunge

Nintendo downgraded its annual sales forecast on Tuesday as net profit plunged 60 percent year-on-year in the first half, with fans awaiting the announcement of a new console.Last year, the Japanese video game giant scored with the smash-hit “Super Mario Bros” film and the release of “Legend of Zelda: Tears of the Kingdom”, the fastest-selling …

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China’s premier ‘fully confident’ of hitting growth targets

Chinese Premier Li Qiang said Tuesday he was “fully confident” the country would hit its economic goals this year, lauding recent stimulus measures and suggesting there was still room for more.China’s leaders have set an annual growth target of around five percent, but in the third quarter the country saw its slowest expansion in a year …

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Stock markets hesitant before knife-edge US election

European and US stock markets dipped while the dollar slid Monday as investors steel themselves for a coin-toss US presidential election, an interest rate decision and expected Chinese stimulus measures.Oil prices rallied more than two percent after eight members of the OPEC+ group of producers said Sunday they would extend supply cuts until the end of next …

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