Asian markets shrugged off another decline on Wall Street last night, with markets in China gaining after state-run banks and other financial institutions were ordered to do more to help spur more consumer spending. The Hang Seng (^HSI) jumped more than 2% in Hong Kong and the Shanghai Composite (000001.SS) was 1.8% up by the…
BEIJING: China’s sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel and retail sales both offering a slight reprieve to a dragging economy facing the prospect of an escalating US trade war.Train stations and airports across the country were jam-packed for weeks as millions returned home for the festive…
France’s government lived to see another day on Wednesday, after it survived a no-confidence vote in Parliament and gave the recently appointed prime minister a temporary reprieve from months of political turmoil and the country a promise of stability, at least in the short term. The no-confidence motion was supported by only 128 lawmakers in…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Buffett Indicator – a market valuation measure – is signaling potential danger as it surpasses levels witnessed during the Dot-Com Bubble and the Great Financial Crisis. What Happened: This indicator, attributed to Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK)…
Economy’s half-yearly report card: *Unexpected GDP growth downturn risky, *Underwhelming govt spend, *Expect rebound in spend, riding on rural, *India Inc’s ‘animal spirits’ awaited Economic growth in the first half of this fiscal has surprised on the downside. The story last fiscal was the opposite – at 8.2%, GDP growth had surprised on the upside….
(Bloomberg) — Goldman Sachs Group Inc. upgraded its forecasts for China’s economic growth in 2024 and 2025 after Beijing unveiled a series of measures to shore up growth, including plans for greater public spending announced over the weekend. Most Read from Bloomberg The bank expects China’s gross domestic product to expand 4.9% this year, up…