UBS Sees $87 Billion of China Retail Money Supporting Stocks
China’s households may plow as much as 600 billion yuan ($86.8 billion) of excess savings into the nation’s stock market, driving the next leg of the rally, according to UBS Group AG.
China’s households may plow as much as 600 billion yuan ($86.8 billion) of excess savings into the nation’s stock market, driving the next leg of the rally, according to UBS Group AG.
China sent the most warplanes near Taiwan in nearly two months, a move that comes as the US approved the sale of $619 million worth of arms to the democratically run island.
London’s Southend Airport is seeking a new owner after struggling to establish itself as a hub serving the UK capital.
Shares of Chinese rare-earth miners were heavily sold off following Tesla Inc.’s surprise announcement that the electric-vehicle maker will drop the use of the material in its future models.
China has pledged to invest an additional $1.9 billion in the country’s biggest maker of memory chips, a deal that may herald a renewed influx of government capital into an industry hemmed in by US sanctions.
Taylor Wimpey Plc is the latest homebuilder to warn about Britain’s housing market as higher mortgage rates weigh on demand.
Tesla Inc. isn’t worried about political and trade tensions between the US and China, with the automaker’s Chinese-born head of global production Tom Zhu saying its Shanghai operations should be fine as long as the company keeps providing a good product and creating jobs.
UniCredit SpA boosted Chief Executive Officer Andrea Orcel’s compensation by 30%, making him one of the best paid bank bosses in Europe.
Women are breaking into Singapore boardrooms at a record pace.
A Hong Kong women’s group said it received approval from police for a planned rally Sunday, in what would be one of the first authorized marches since mass protests ended in early 2020.