India’s overtaking of China in key global gauges will likely usher in a bigger influx of foreign flows, giving equities in the South Asian country another boost. India has overtaken China in the MSCI AC World IMI Index with a 2.35% weighting compared to a 2.24% for the latter, according to a Morgan Stanley report…
The dollar rose in the aftermath of the Federal Reserve’s supersized rate cut, with traders waiting for decisions from the UK and Japanese central banks over the next 24 hours to assess their combined impact on markets. The greenback gained against virtually every major currency after the Fed delivered a half percentage point rate cut,…
The dollar fell, resuming this month’s downtrend, as traders debated the size of a potential Federal Reserve interest-rate cut later Wednesday. Japanese shares rose. Bloomberg’s dollar index dropped for the fifth time in six days as market-implied odds put the chance of a half-point Fed rate cut Wednesday at just over 50%. The central bank…
Taipei, Taiwan — The strongest typhoon to hit Shanghai since at least 1949 flooded roads with water and broken tree branches, knocked out power to some homes and injured at least one person as it swept over the financial hub Monday. More than 414,000 people had been evacuated ahead of Typhoon Bebinca’s arrival with powerful winds…
Hong Kong Airport’s Centurion Lounge as Asia’s best, triumphs over Singapore’s Changi: Know more – Travel And Tour World Copyright © Travel And Tour World – All Rights Reserved We use cookies on our website of Travel And Tour World to give you the most relevant experience by remembering your preferences and repeat visits. By…
The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. A 36-hour monetary rollercoaster will start with the Federal Reserve’s probable decision to cut interest rates on Wednesday, and finish on Friday with the outcome…
HONG KONG (AP) — Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande. The punishment is the heaviest yet for international accounting firms operating in China. PwC will be banned from signing off…
Chinese appliance giant Midea Group Co. is poised to raise $4 billion in its Hong Kong listing in an enlarged deal that will be priced at the top of the marketed range, people familiar with the matter said, in a show of demand for the city’s biggest share sale in three years. The Foshan, China-based…
China has been storing water in reservoirs along the upper reaches of the Red River to help neighbouring Vietnam as it battles deadly floods brought by Typhoon Yagi, the foreign ministry said on Wednesday. At least 152 people have been killed and 140 are missing after Yagi – the most powerful storm to hit Asia…
China’s largest technology companies are returning more of their cash to shareholders than ever before, as they continue to ramp up buybacks to support their flagging stocks. Repurchases of shares listed in Hong Kong have reached HK$187 billion ($24 billion) so far in 2024, already surpassing last year’s record total, according to data compiled by…