Morning Bid: China rate cuts looming, US booming
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The trading week in Asia opens against an increasingly bullish global backdrop fueled by continued strength…
Economy
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President Sisi warns regional troubles may force Egypt to re-evaluate IMF accord
CAIRO (Reuters) – President Abdel Fattah al-Sisi warned on Sunday Egypt may be forced to re-evaluate its $8 billion programme with the IMF if international institutions do not take into…
Brazil’s Lula cancels trip to BRICS summit on medical advice
By Marcela Ayres BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Sunday canceled his trip to Russia for the BRICS summit, following medical advice to temporarily avoid long-haul…
Wall Street zeroes in on semiconductors after turbulent week
By Lewis Krauskopf NEW YORK (Reuters) -U.S. semiconductor companies will get a closer look from investors in coming weeks, after diverging reports from two industry leaders abroad set off a…
Beijing bourse plans to help smaller tech companies to list
By Mei Mei Chu BEIJING (Reuters) – The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the…
Top 5 things to watch in markets in the week ahead
Investing.com — Tesla (NASDAQ:TSLA) will be the first of the Magnificent Seven tech companies to report as corporate earnings kick into high gear. Global finance leaders are due to gather…
What is the current state of the US consumer
Investing.com — The current state of the US consumer remains healthy, Barclays said Wednesday, citing findings from its cross-sector analysis for Q4 2024. Entering Q4 2024, consumers have largely benefited from…
Morgan Stanley makes changes to its China sector allocations after recent rally
Investing.com — Morgan Stanley has adjusted its sector allocations in China following a recent market rally, reflecting a cautious stance amidst evolving economic policies and geopolitical uncertainties. The brokerage has…
This time is not different for China, Wells Fargo says
Investing.com — Wells Fargo analysts expressed their skepticism regarding the recent high-profile policy announcements from China, suggesting in a recent note that the measures taken are unlikely to have a significant…
Cuba suffers third major setback in restoring power to island, millions still in dark
By Dave Sherwood HAVANA (Reuters) – Cuba’s efforts to restore power to the island were derailed for a third time late on Saturday, Cuban authorities said shortly before midnight, leaving…