The slide in Treasuries has been excessive given recent economic data and Federal Reserve policy, suggesting it’s instead being driven by fears over the swelling US deficit, some of Wall Street’s biggest names say.
Hong Kong developer New World Development Co.’s shares dropped as much as 7.9% to the lowest level since November 2003 after the company reported a weak full-year result last Friday.
Public disapproval towards how Philippine President Ferdinand Marcos Jr.’s administration is handling inflation has grown and become “more notable,” a survey by pollster Pulse Asia showed.
Turkish inflation probably exceeded 60% for the first time this year as higher energy costs complicate efforts to contain domestic demand with jumbo interest-rate hikes.
BYD Co. is poised to overtake Tesla Inc. as the world’s biggest seller of electric vehicles as the Chinese automaker’s global sales push gains greater traction.
Stretched valuations and crowded positioning are adding to depreciation pressure on some of the most popular Latin American currencies, according to Credit Agricole CIB.
China’s Golden Week got off to a promising start as tourist trips and revenue jumped through the start of the holiday, suggesting some resilience in consumer appetites.
Support among Australians for an Indigenous Voice to Parliament to be included in the constitution recorded a rare rise, an opinion poll showed, as early voting begins in the country’s first referendum in 24 years.
GoTo Group raised $150 million through a convertible bond sale to investors led by the World Bank’s International Finance Corp., a bump to its cash reserves as the Indonesian ride-hailing and e-commerce company works toward reaching profitability.
Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020, Morgan Stanley said.
