Summary: A recent Reuters poll of economists has projected a slightly lower global economic growth rate than previously anticipated. The poll predicts a 3.1% growth rate for 2024 and 3.0%…
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Summary: China is reportedly planning to issue a substantial amount of new debt, potentially reaching 10 trillion yuan, in the coming years. This move involves utilizing special treasury bonds and…
Summary: The German Ifo Business Climate Index for October 2024 has surprised analysts by rising to 86.5, exceeding both the previous month’s reading of 85.4 and the market expectation of…
Summary: The European Union (EU) and China are engaged in ongoing discussions to find alternatives to potential tariffs on Chinese-made electric vehicles (EVs). The EU is investigating alleged subsidies provided…
Summary: The NASDAQ Composite Index exhibited a strong performance, closing unofficially with a gain of 146.01 points, equivalent to 0.80%, reaching 18,422.67. This upward movement signals positive investor sentiment, particularly…
Summary: Market sentiment is shifting towards a more aggressive interest rate cut by the European Central Bank (ECB) in its upcoming December meeting. Traders are increasingly pricing in the possibility…
Summary: The German manufacturing sector experienced a significant contraction in October 2024, according to the latest Purchasing Managers’ Index (PMI) data released by S&P Global. The Manufacturing PMI fell to…
Summary: Singapore-based Keppel Corporation and Indian energy giant Tata Power have entered a strategic collaboration to offer Cooling-as-a-Service (CaaS) solutions across India. This partnership leverages Keppel’s expertise in sustainable energy…
Summary: Apple CEO Tim Cook recently concluded a visit to China, where he met with government officials and reiterated Apple’s commitment to the Chinese market. Cook stated that Apple will…
Summary: The U.S. Mortgage Market Index has registered a significant drop, falling to 214.8 from 230.2 in the previous week. This decline indicates a weakening demand for mortgages in the…