Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As economic growth slows and inflation stays high for longer, how should investors …
Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …
Hong Kong shares jump 3% as China relaxes some virus rules Read More »
WASHINGTON (AP) — The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-a-barrel price cap for Russian oil, a key step as Western sanctions aim to reshape the market world oil to prevent price spikes and deprive President Vladimir Putin of funding for his war in Ukraine. Europe …
G-7 joins EU on $60 a barrel price cap for Russian oil Read More »
Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …
Asia-Pacific markets fall as investors seek clarification on China’s Covid rule changes Read More »
Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …
Asia-Pacific markets fall as investors seek clarification on China’s Covid rule changes Read More »
UBS expects full reopening of China by Q3 2023 UBS Wealth Management expects a full reopening for China by the third quarter of next year due to a number of factors. “We think it takes time for the government to want to review public messaging because [some] the concerns of the Chinese public are very …
New Zealand Achieves Biggest Rate Hike Ever; Inflation in Singapore fell in October Read More »
New Zealand dollar strengthens after biggest rate hike The New Zealand dollar strengthened to 0.6192 against the dollar after the central bank raised rates by 75 basis points, its biggest rise on record. The NZD last traded at 0.6170 against the dollar and the NZX 50 index in New Zealand fell 0.8%. The New Zealand …
A former employee of a collapsed construction company claims she hasn’t received a pension in months, while a teenage administrative trainee has been left to manage construction projects amid massive turnover of personnel has emptied the company. Earlier this month, news.com.au reported that residential builder Tozer Construction Group had been ordered by the court to …
DTalk of a super profit tax has centered on energy companies, which enjoyed huge windfall gains from the invasion of Ukraine. But why has there been no call for a similar tax on banks, which profit from soaring interest rates? While energy company earnings are highly cyclical, Australian banks are consistently among the most profitable …
Australia needs a super profit tax – on banks | Satyajit Das Read More »
