Japan’s economy shrank from July to September, ending two quarters of growth fueled by exports and sluggish consumption. This made the central bank’s efforts to gradually reduce its large monetary stimulus programme more challenging in the face of rising inflation…. Read More ›
Although China’s retail sales and industrial output growth in October exceeded forecasts, the country’s overall economic picture showed notable areas of weakness, with the crisis-ridden real estate sector still threatening a full-blown recovery. The second-biggest economy in the world has… Read More ›
Reversing Moody’s judgement from last week to lower its outlook on US debt, U.S. Treasury Secretary Janet Yellen has stated that the country’s economy is robust and the Treasury market is secure and liquid. “This is a decision I disagree… Read More ›
An increasing number of automakers and suppliers are developing electric vehicle (EV) motors that either significantly limit the use of materials dominated by China, or do not contain rare earths. A list of some of the goods that suppliers and… Read More ›
Alibaba Group announced that during this year’s Singles Day sales period, which ended at midnight on Saturday, its Chinese e-commerce platforms Tmall and Taobao had “positive” year-over-year growth. Competitor JD.com reported that during the sales period, its festival GMV (gross… Read More ›
The United States government’s credit outlook was downgraded by Moody’s Investors Service on Friday from stable to negative due to growing threats to the country’s fiscal stability. The U.S.’s senior unsecured and long-term issuer ratings have been confirmed by the… Read More ›
The U.S. Treasury Secretary Janet Yellen stated that China has been pressed to take action after the U.S. government discovered evidence that Chinese companies may be assisting Russia’s war effort with equipment despite Western sanctions. Yellen claimed to have brought up… Read More ›
A fierce price battle between China’s online retailers on the “Singles Day” shopping extravaganza is revealing additional signs of weakness in household consumption and creating anxiety that the second-biggest economy in the world will continue to contract. Singles Day, named… Read More ›
According to preliminary data released on Friday, the British economy stagnated in the third quarter. After increasing by 0.2% in the previous quarter, the gross domestic product did not exhibit any quarterly growth in the three months ending at the… Read More ›
Beijing is under pressure to steer its economy and markets through a significant slowdown, which is why efforts to prevent the yuan from depreciating played a part in the turmoil that rocked the financial markets last week, according to Reuters… Read More ›
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