Four Charts Show China Reopening Trade to Resume After Pause
China’s reopening rally may be losing some momentum, but some investors believe shares will continue to go up after a short-term pullback.
China’s reopening rally may be losing some momentum, but some investors believe shares will continue to go up after a short-term pullback.
President Joe Biden’s address to Congress foreshadowed his 2024 stump speech, if as expected he runs for a second term — but at times it was almost drowned out by the Republican heckling.
Vietnam’s commercial hub Ho Chi Minh City announced an effort to court a $3.3 billion investment from Intel Corp., only to amend much of its original statement to remove mentions of the US chipmaker.
If President Joe Biden was trying to agitate Republicans over cutting Social Security and Medicare, it worked.
The Bank of Japan Governor Haruhiko Kuroda is in the twilight of his 10-year tenure. His successor inherits a bond market that is larger than ever, but riddled with wild distortions. The lingering question for Japan is how the central bank can normalize policy.
Australia’s central bank will raise its benchmark interest rate to a peak of 3.85% from May, economists said in an upgrade of their forecasts following Governor Philip Lowe’s hawkish policy statement.
China’s oil market is making a comeback after a torrid year, driven by rising consumption at home and abroad that could help lift global prices and deliver a big payoff for its embattled refining sector.
President Joe Biden vowed to not allow the US to default on its debt, calling on Congress to raise the debt-ceiling and chastising Republicans seeking to leverage the standoff to force spending cuts.
New Zealand Prime Minister Chris Hipkins has stepped back from some of his predecessor Jacinda Ardern’s more unpopular policies as he refocuses on combating soaring prices and seizing the political middle ground ahead of October’s election.
President Joko Widodo warned the police to stop large fires from engulfing the country as the threat of El Nino — a dry weather pattern — looms across Indonesia.