Month: September 2024
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. The Fed’s up Jerome Powell at Jackson Hole on August 23, 2024. David A. Grogan | CNBC The long-awaited Federal Reserve interest rate cut may finally arrive this week. The central bank’s policymakers are set to announce Wednesday whether they […]
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Pictures show floods ravaging Central and Eastern Europe as death toll rises
Floods brought on by days of heavy rainfalls have been ravaging countries including Poland, Romania, the Czech Republic and Austria, with thousands of people being evacuated as the death toll rises. Austrian Chancellor Karl Nehammer on Monday said in a post on social media platform X, that was translated by CNBC, that two more people […]
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Chinese social media fuels conspiracy theories after another attempt on Donald Trump’s life
Law enforcement officers stand after reports of shots fired outside Republican presidential nominee and former U.S. President Donald Trump’s Trump International Golf Course in West Palm Beach, Florida, U.S. September 15, 2024. Marco Bello | Reuters News of an apparent assassination attempt on former U.S. president Donald Trump has taken China’s heavily censored social media […]
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China’s economy is going through a ‘slow, painful, grinding adjustment,’ analyst says
People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024. Adek Berry | AFP | Getty Images SINGAPORE — Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, analysts have tapered their expectations for the country’s […]
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Breton says he is stepping down as France’s EU commissioner, citing spat with von der Leyen
Thierry Breton Thierry Monasse | Getty Images News | Getty Images French European Commissioner Thierry Breton on Monday said he would step down as a member of the EU executive body over a rift with Commission President Ursula von der Leyen, alleging that she had asked Paris to withdraw his candidacy. Von der Leyen is […]
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India’s Bajaj Housing Finance sees shares more than double on debut after stellar IPO
A man walks past a Bajaj motorcycle dealer shop, in Mumbai, India, 23 October, 2023. Niharika Kulkarni | Nurphoto | Getty Images Shares of India’s Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the country’s growing real estate sector. The company’s shares, which debuted […]
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India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India can achieve sustainable economic growth of up to 8% over the medium term, according to the country’s central bank governor. His comments come shortly after data showed India’s gross domestic product slowed […]
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It’s a big week for central banks around the world, with a slew of rate moves on the table
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves […]
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Typhoon Bebinca lands in Shanghai, strongest storm to hit city since 1949
Pedestrians walk past a downed tree as they struggle with their umbrellas in strong winds and rain from the passage of Typhoon Bebinca in Shanghai on Sept. 16, 2024. The strongest storm to hit Shanghai in over 70 years made landfall on September 16, state media reported, with flights cancelled and highways closed as Typhoon […]
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China’s local government debt problems are a hidden drag on economic growth
Local governments in China are still building highways, bridges and railways, as pictured here in Jiangxi province on Sept. 6, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China’s persistent consumption slowdown traces back to the country’s real estate slump, and its deep ties to local government finances — and debt. The bulk […]
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