China’s economy is recovering faster than top officials had expected with its Covid outbreak on reopening passing rapidly, according to a person familiar with the matter, suggesting the government will be restrained in rolling out new stimulus measures this year.
Traders betting on a falling yuan are doing so at a time Beijing’s tolerance for currency weakness is at a minimum.
Evidence of China’s rapid economic rebound has reignited hopes of a banner year for demand in the world’s top commodities importer. How Beijing chooses to support the recovery at its upcoming annual policy meeting will now be the focus of markets from copper to crude and soybeans.
The search firm hired by the Federal Reserve Bank of Chicago to help find a new president includes among its executives the wife of Austan Goolsbee, the person ultimately picked for the role.
Australia is preparing for its next step away from fossil fuels by creating a market to replace the spinning coal plant turbines that help stabilize the power grid.
An HSBC Holdings Plc activist shareholder in Hong Kong is pushing the lender to allow investors to vote on a plan that requires the bank to provide regular updates on the restructuring of its Asian operations and to restore dividend payouts.
Approvals to build new homes in Australia fell by the most on record in January, with permits for private houses tumbling, suggesting weak residential property investment will continue to drag on the economy.
Petroleo Brasileiro SA posted a record full-year dividend in 2022, rewarding investors who stuck with Brazil’s state-controlled oil producer despite concerns about political intervention under President Luiz Inacio Lula da Silva.
Two of China’s biggest real estate developers confirmed plans to raise cash by selling shares, the latest funding efforts following the government’s easing of a clampdown on the debt-laden sector.
Salesforce Inc. Chief Executive Officer Marc Benioff praised the activist investors that have piled into the stock lately and said they should be happy with a rally fueled by Wednesday’s earnings report: “They are making a lot of money today.”
