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 ›
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 ›
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 ›
The Insurance Institute for Highway Safety reported on Tuesday that testing measuring the safety of rear seat passengers in various incidents revealed that four large pickup vehicles performed badly. According to new moderate overlap front crash tests, the IIHS gave… Read More ›
Even while having a record amount of cash on hand, Berkshire Hathaway reported a sharp increase in operating profitability for the third quarter, as Warren Buffett saw few chances for deals. Operating earnings for the Omaha-based conglomerate, which include income from… Read More ›
Amid geopolitical tensions and China’s economic slowdown, global investment bank and asset management bosses are getting back together in Hong Kong next week in an attempt to reposition themselves in the second-largest economy in the world and its offshore financial… Read More ›
If you rented out your property for a few nights and then came back to discover that it was the scene of a wild house party, how would you feel? You would be furious, upset, or both as you gazed… Read More ›
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