by Bloomberg.com | Jul 31, 2024 | alerts, Markets/Economy
North Asia region, which includes China, falls by 2.4% Dermatological, consumer units fall short of estimates L’Oréal SA reported sluggish sales growth in the second quarter as the world’s biggest maker of beauty products suffered from weakness in China. Sales rose...
by Bloomberg.com | Jul 30, 2024 | alerts, Markets/Economy
Banks have been buying bonds amid rally, raising PBOC concerns Central bank is poised to sell bonds to limit risk to lenders China’s regional lenders are facing growing risks in the nation’s $4.3 trillion sovereign debt market after an unprecedented bond rally this...
by Bloomberg.com | Jul 30, 2024 | alerts, Markets/Economy
Domestic demand is still sluggish and recovery remains uneven July data adds to evidence of weak growth in China: economists China’s factory activity contracted for a third straight month in July, leaving the economy on a weak trajectory that’s frustrating Beijing’s...
by Bloomberg.com | Jul 30, 2024 | alerts, Markets/Economy
Citigroup reduces forecast for China’s economic growth Technicals suggest the latest lurch lower has been too quick Oil retreated to the lowest in almost two months as the outlook for demand in China remained gloomy while traders looked ahead to key data points. West...
by Bloomberg.com | Jul 30, 2024 | alerts, Markets/Economy
Paulson says US debt growth will ultimately destroy prosperity Former Treasury secretaries speak on US economic challenges The two US Treasury secretaries who navigated the nation through the global financial crisis said the next administration will inherit a...
