As the so-called “basis trade” comes to an end, hedge funds appear to be reducing their historically large short positions in U.S. Treasury futures. Regulators have cautioned that this unwind could seriously jeopardise the integrity of the financial system. With… Read More ›
In a letter to the EU industry leader, the lobby group Japan Association of New Economy joined forces with U.S. Big Tech to express concerns over new cybersecurity labelling laws in the EU, claiming that they could restrict their access… Read More ›
November saw a faster-than-expected decline in China’s manufacturing activity, indicating that further stimulus will be required to support economic growth and rebuild public trust in the government’s ability to assist business. After better-than-expected third-quarter data, economists raised their projections for… Read More ›
According to Swiss bank UBS, which released its annual report on Thursday, the number and total wealth of billionaires rose last year. For the first time in recent memory, the fortunes inherited by the newly minted super-rich surpassed the cash… Read More ›
According to a Reuters survey released on Wednesday, China’s manufacturing activity most likely declined for a second straight month in November, fueling calls for more stimulus measures as factory owners battle to find orders both domestically and internationally. Although the… Read More ›
A six-month high for the spot price of gold has been reached on optimism that the monetary tightening in western nations is almost complete. Although indications that the Federal Reserve of the United States and other western central banks have… Read More ›
Retail executives, federal pricing data, and an exclusive analysis of early Black Friday discounts all point to the cheapest holiday shopping period in years for TVs, dresses, toys, and sporting goods. The battleground for retailers this U.S. holiday season is… Read More ›
Even if the OPEC+ countries continue their production cutbacks into 2024, there will still be a small supply excess in the global oil market, the head of the International Energy Agency’s (IEA) oil markets and industry division told Reuters on… Read More ›
Burberry could not be in more of a bad spot for the luxury market recession that followed the post-pandemic boom, with designer Daniel Lee’s initial designs for the British brand beginning to appear in recently renovated stores. Executives issued a… Read More ›
The world’s leading luxury companies are vying for the likes of affluent businesswoman Diana Wang in an attempt to expand in China, their second-largest market. Wang, an investor and owner of a fashion brand bearing his name, is based in… Read More ›
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