2025-07-11T15:02:23Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Nvidia became the first $4 trillion company…
Fitch Ratings has maintained Hong Kong’s “AA-” credit rating and “stable” outlook, which the government has said is a reflection of the city’s strong financial position. A government spokesman said on Friday that the unchanged rating and outlook recognised the city’s “large fiscal buffers, robust external finances and a low level of fiscal debt”, as…
There’s an old joke in economics that stock markets have predicted nine out of the past five recessions. The point being that predicting a recession solely based on the stock market is difficult. “They can turn around on a dime. They can turn around in a heartbeat,” said James Angel, a finance professor at Georgetown…
Investors who think a recession is in the cards this year should brace for a double-digit correction to rattle the stock market, according to Bank of America. Strategists at the bank said they see the S&P 500 potentially dropping to as low as 5,000 in the event unemployment rises and the economy tips into a downturn….
Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
As China’s political elite gather for the country’s annual legislative sessions in March, we examine the broader forces likely to influence policies for the coming year – and how decision-makers will respond to the unpredictable second term of US President Donald Trump. In the first part of this series, Frank Chen surveys the status of…
China is facing a repeat of the tensions and uncertainty from the first presidency of Donald Trump, only with a weaker economy that’s even more reliant on exports than it was during the first trade war with the US. China’s record trade surplus of nearly $1 trillion last year was equivalent to more than 5%…
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Rio Tinto and Glencore, two of the world’s biggest miners, have held discussions about combining their businesses, according to my colleagues’ scoop. Source link
China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s, analysts say, exposing a key vulnerability likely masked by a growth upswing at the end of last year. Deflation persisted for the second straight year in 2024, official data due Friday…
China’s finance and property companies saw their workforces shrink in recent years years for the first time, reflecting the damage caused by a housing market collapse and regulatory probes. The financial industry had 12.4 million employees at end-2023, down 32% from five years earlier, according to economic census data released Thursday. The number of people…