China’s economic activity heavily relies on the stabilization and growth of home prices. Richard Koo, chief economist at Nomura Research Institute, emphasized the need to convince people that home prices are on the rise to stimulate borrowing and spending. Without a positive narrative surrounding home prices, both businesses and consumers may remain hesitant to take
World
Analysts are bullish on the potential for India’s market capitalization to reach $40 trillion in the next 20 years. This optimism is driven by stronger investor confidence and robust economic growth in the country. Chief economist Sujan Hajra believes that hitting the $40 trillion mark is easily achievable, citing India’s strong economic growth and stable
The U.S. Federal Reserve has made it clear that they are not in a rush to lower interest rates, citing the strong performance of the U.S. labor market as one of the key reasons for their caution. Economists are now suggesting that a rate cut in the summer might be completely off the table, especially
The recent meeting between U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang highlighted the importance of open and constructive communication between the two economic superpowers. Yellen emphasized the need for difficult conversations and mutual respect in order to navigate the complexities of the bilateral relationship. While acknowledging the differences and challenges that exist,
The recent comments made by U.S. Treasury Secretary Janet Yellen regarding China’s excess manufacturing capacity have sparked a heated response from Chinese state media. These comments have been labeled as an attempt to revive the “China threat” narrative and set the stage for more protectionist policies by the U.S. Undermining China’s Growth and Cooperation According
Samsung Electronics has revealed that it is expecting a massive 931% increase in its first quarter operating profit. The company expects the operating profit in the January-March quarter to have risen to 6.6 trillion Korean won ($4.89 billion), a significant surge from the previous year. This news comes as chip prices rebound, indicating a positive
Stocks took a hit on Thursday amidst a volatile trading session as investors braced themselves for the upcoming March jobs report. With a spike in oil prices and concerns over potential hold-offs on interest rate cuts by the Federal Reserve, the mood among investors soured. The Dow Jones Industrial Average plunged by 530.16 points, or
The Hungarian Prime Minister, Viktor Orban, is facing a political storm as he gears up for the European parliamentary elections in June. Known as a close ally of former U.S. President Donald Trump and a staunch supporter of Russian President Vladimir Putin, Orban has been dominating the political landscape in Hungary since 2010. However, recent
The recent decline in the Dow Jones Industrial Average for the second consecutive day has highlighted the ongoing lackluster performance of Wall Street in the current quarter. This drop came as bond yields surged and traders adjusted their expectations regarding a potential interest rate cut by the Federal Reserve in June. The 30-stock Dow experienced
In March, China’s factory activity experienced its strongest expansion in over a year according to a private survey conducted by Caixin/S&P Global. The manufacturing purchasing managers’ index reached 51.1, the highest level since February 2023, surpassing economists’ expectations. This positive growth in factory activity indicates a stabilizing trend in the world’s second-largest economy. China’s National