World
China threatens Taiwan with more trade measures after denouncing president’s speech
A view of the cityscape ahead on Jan. 12, 2024, in Taipei, Taiwan. Annice Lyn | Getty Images News | Getty Images China is studying further trade measures against Taiwan, the Ministry of Commerce said on Saturday, two days after Beijing slammed a speech by Taiwan President Lai Ching-Te. The Democratic Progressive Party, Taiwan’s ruling […]
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China’s car sales snap five-month decline on subsidy boost
A heavy traffic jam with many cars on the road in Chaoyang district in Beijing, China. Sw Photography | Digitalvision | Getty Images China’s passenger vehicle sales rose 4.3% in September from a year earlier, snapping five months of decline with a boost from a government subsidy to encourage trade-ins as part of a broader […]
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Turkey should continue tight, monetary policy until inflation at target, IMF says
Alexander Spatari | Moment | Getty Images The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation. The policy turnaround has reduced economic imbalances and revived confidence the IMF said on Saturday, adding that improved market sentiment caused foreign and […]
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Chinese finance minister to deliver highly anticipated briefing on stimulus
Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg […]
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Meet the Singapore-based telco disruptor with the knack for a viral campaign
Circles is a tech start-up with an ambition to shake up the telecommunications industry – and an unconventional marketing strategy to match. Circles is a tech start-up with an ambition to shake up the telecommunications industry – and an unconventional marketing strategy to match. “For the longest time, the telco industry has been talking about the […]
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10-year Treasury yield dips below 4.1% Friday after big jump this week
The U.S. 10-year Treasury yield dipped below 4.10% on Friday as investors assessed the latest inflation data that came in cooler than expected. The yield on the 10-year Treasury slipped less than a basis point to 4.088%, after having ended last week at 3.97%. The yield on the 2-year Treasury was down about 5 basis […]
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The Federal Reserve may have pretty much just hit its 2% inflation target
Federal Reserve Chairman Jerome Powell arrives to a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | Getty Images This week’s inflation data provided more evidence that the Federal Reserve is nearing […]
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U.S. crude oil on pace to eke out second weekly gain on Middle East war risk
U.S. crude oil on Friday was on pace to eke out its second weekly gain in a row as Israel prepares to retaliate against Iran. The U.S. benchmark and global benchmark Brent are ahead about 1% this week. Oil prices have gained more than 10% through Thursday’s close since Iran hit Israel with ballistic missiles […]
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‘That’s it?’ Morgan Stanley rips Tesla robotaxi event for lack of detail
Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn’t helping to improve investor sentiment. Morgan Stanley’s Adam Jonas said he walked away particularly underwhelmed. “We were overall disappointed with the substance and detail of the presentation. As such, we anticipate TSLA to be […]
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Europe stocks end choppy week higher; UK economy returns to growth in August
Europe stocks follow Wall Street higher S&P 500 opens little changed The S&P 500 opened little changed Friday, but headed for a fifth consecutive winning week. The Nasdaq Composite dipped 0.3%, while the Dow Jones Industrial Average gained 140 points, or 0.3%. — Samantha Subin Siemens Energy up 3.8% Shares of Siemens Energy rose 3.8% […]
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