China’s sway over the global market is in noticeable decline. This week’s promise of bold economic support from the Chinese Politburo may have given local stocks a boost, but it barely registered elsewhere. The MSCI Asia Pacific regional benchmark was little changed in the first trading session after the announcement and stocks fell in Australia,…
China will set another record for solar power installations this year even as the industry producing the equipment suffers from falling prices and profit margins. The country will install 230 to 260 gigawatts of solar capacity this year, said Wang Bohua, chairman of the China Photovoltaic Industry Association. That will top the record of 217…
China launched its first rocket from a new commercial space site on Saturday night as the country attempts to expand its presence in a business currently led by Elon Musk’s SpaceX. The rocket successfully placed two experimental satellites into orbit, China Central Television reported. Source link
(Bloomberg) — Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to angst over the country’s budget. Most Read from Bloomberg The package, detailed by Finance Minister Fernando Haddad on Thursday, sent the currency tumbling to an all-time low, and stocks…
Israel and Lebanon traded accusations of violating a cease-fire deal that’s brought more than a year of fighting to a halt, though the truce appeared to be holding. The Lebanese army said Israel breached the accord multiple timesBloomberg Terminal over the past two days through “aerial violations and the targeting of Lebanese territories with various…
Protesters demanding the release of Pakistan’s jailed former premier Imran Khan reached the edge of the nation’s capital, authorities said late Monday night, overcoming efforts by Prime Minister Shehbaz Sharif’s government to stifle the nationwide protests. The largest convoy of supporters, led by Khan’s top leaders from the northwest Khyber Pakhtunkhwa province, removed roadblocks along…
The Chinese government has started a special program to crack down various unfair and non-compliant practices on the internet to safeguard the interests of netizens and companies, according to a statement from the Cyberspace Administration of China on Sunday. From today through Feb. 24, 2025, regulators will rectify malpractices such as creating so-called information cocoons…
European stocks pared strong initial gains after business activity unexpectedly shrank across the region’s major economies. Bitcoin moved closer toward the landmark $100,000 level. The Stoxx 600 was 0.2% higher after rising as much as 0.8%. US stock future contracts also declined. The dollar remained on course for an eighth straight week of gains. Source…
Ukraine’s parliament canceled Friday’s plenary session due to the threat of a possible attack on Kyiv’s government district, according to lawmakers. While the Ukrainian capital is attacked near-daily by Russian forces, this is the first such move by the legislature in recent months. It follows alerts issuedBloomberg Terminal by several embassies this week due to…
US and European stock futures rose with Asian shares as a decline in Treasury yields bolstered the appeal of holding equities. Traders are watching for any further news about President-elect Donald Trump’s planned administration. MSCI’s gauge of Asian stocks climbed as much as 1.2% with some of the biggest gains in Taiwan, India and Indonesia….