The odds of an economic revival in China and a Federal Reserve pivot this year are underpinning the hopes of emerging-market bulls. The stage is set, they say, for a much overdue broad rally in the asset class.
Chinese officials are considering a record quota for special local government bonds this year and widening the budget deficit target as they ramp up support for the world’s second-largest economy, according to people familiar with the matter.
Germany’s real estate market took a deep hit in the fourth quarter as investors shied away from deals on the back of soaring financing costs.
Apple Inc. exported more than $2.5 billion of iPhones from India from April to December, nearly twice the previous fiscal year’s total, underscoring how the US tech giant is accelerating a shift from China with geopolitical tensions on the rise.
Hong Kong is discarding its Covid contact tracing app, one of the most visible components of its pandemic infrastructure.
Commodities burst into Monday in an upbeat mood, with crude to copper rising amid growing optimism over Chinese demand. US inflation figures and a speech by Fed Chair Jerome Powell top this week’s diary as investors mull where raw materials are headed after a volatile start to 2023.
There was jubilation and heartache in cities across China as the long-awaited border reopening — the final step in country’s dismantling of Covid Zero — sparked a homecoming rush for many diaspora.
Talks to negotiate a lower price for Pfizer Inc.’s Covid antiviral pill Paxlovid in China didn’t pan out, the health authority said, creating a quandary for the government amid a rampant outbreak in the world’s most populous nation.
Disgruntled Tesla Inc. owners swarmed showrooms in China over the weekend to complain about missing out on another round of price cuts as the company tries to boost sales in the world’s biggest electric-vehicle market.
The UK plans to reform its flagship electricity security program to make possible its goal of a carbon-free power grid by 2035.
