China’s Property Stocks Drop Sharply Despite Expanded Support …
20 hours ago · China's property sector faced a sharp decline on Thursday as new measures unveiled by the country's housing ministry failed to reassure investors, leading to a nearly 8% drop in the CSI 300 real estate index. The broader CSI 300 benchmark also declined by 1.13% to close at 3,788.22. This setback comes as Beijing intensifies efforts to stabilize the property market, which has been under ...
Gold Prices Hit Record Highs as U.S. Election Uncertainty and …
13 hours ago · Gold prices surged to record highs on Thursday, driven by a combination of geopolitical unrest and uncertainty surrounding the upcoming U.S. presidential election. Investors flocked to the safe-haven asset as concerns about the Middle East conflict and a potentially volatile election season in the U.S. intensified. Additionally, ongoing monetary policy easing by central banks further supported ...
Boeing Targets $15 Billion Stock and Bond Sale, Aims to Avoid …
1 day ago · Boeing Co. is advancing a plan to raise approximately $15 billion through a combination of common shares and a mandatory convertible bond as it seeks to stabilize its finances amid ongoing production disruptions and labor strikes, according to sources familiar with the matter. The move is aimed at bolstering the aerospace giant's balance sheet, which has been severely impacted by recent events ...
U.S. Deploys B-2 Stealth Bombers Against Houthi Targets in …
19 hours ago · The United States conducted a series of airstrikes against Iran-backed Houthi militants in Yemen late Wednesday, utilizing B-2 stealth bombers for the first time in its campaign. According to Defense Secretary Lloyd Austin, the strikes targeted five underground weapons storage sites near Yemen's capital, Sana'a, and in Saada, the traditional stronghold of …
Business Times - Business & Financial News, China & International ...
China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August.
ECB Cuts Rates to 3.25% as Inflation Falls Below Target, Stimulus ...
20 hours ago · Jerry Lin. European Central Bank President Christine Lagarde is also expected to sound dovish in a speech later Monday. (Photo: Reuters) The European Central Bank (ECB) reduced its key interest rate to 3.25% on Thursday, marking the third quarter-percentage-point cut this year. The move, which had been anticipated by markets, reflects the ECB's ...
China’s Stock Market Suffers Worst Crash in 27 Years
Oct 9, 2024 · Chinese stocks experienced their most significant drop in nearly three decades this week as investor hopes for a more aggressive economic stimulus from Beijing were dashed. The Shenzhen composite index fell by 8.2%, its largest one-day decline since May 1997, while the Shanghai Stock Exchange and the CSI 300 index recorded losses of 6.6% and 7.1% respectively.
Boeing Withdraws Contract Offer to Machinists; No Deal in Sight …
Oct 9, 2024 · Boeing's efforts to negotiate a deal with its key manufacturing union have come to a standstill, as talks between the aerospace giant and the International Association of Machinists and Aerospace Workers (IAM) broke down, extending a strike that has already stretched into its fourth week. With no further negotiations planned, the company has withdrawn its pay offer, citing the union's demands ...
China’s Stock Market Rallies on Stimulus Hopes, U.S. Inflation Data ...
Oct 10, 2024 · China’s Stock Market Rallies on Stimulus Hopes, U.S. Inflation Data Looms Large. U.S. technology company shares, unquestionable leaders of the world's stock recovery since late March, failed to sustain a brief rebound. (Photo: REUTERS/Jason Lee) China's stock market witnessed a robust rebound this week, driven by investor optimism around ...
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
Sep 19, 2024 · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...