by Bloomberg.com | Sep 12, 2024 | alerts, Markets/Economy
Beijing shifts emphasis from infrastructure with consumer aid But local officials are tightening belts due to budget crunch Finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, breaking with long-established practice as threats to...
by Bloomberg.com | Sep 11, 2024 | alerts, Markets/Economy
State-owned brokers have made staff hand in travel documents Regulators are scrutinizing IPOs, capital raising activities China is turning up the heat on its army of 8,700 investment bankers. After being forced to take big pay cuts and adhere to other belt-tightening...
by Bloomberg.com | Sep 11, 2024 | alerts, Markets/Economy
Investors bet on more aggressive easing as economy stalls Some economists say cash rate must fall below neutral level New Zealand’s central bank will cut interest rates further and faster than it says it will as the economy contracts and inflation slows, according to...
by Bloomberg.com | Sep 11, 2024 | alerts, Markets/Economy
Carmaker is mulling first-ever German factory closures VW’s Pötsch sees talks with unions lasting to end-2024 Volkswagen AG Chairman Hans Dieter Pötsch urged the European Union to alter its emissions targets and provide clarity to the car industry as the automaker...
by Bloomberg.com | Sep 11, 2024 | alerts, Markets/Economy
Benchmark Brent has collapsed by about a fifth this quarter API reports US crude, gasoline inventories fell last week Oil steadied after a plunge to the lowest prices in more than a year, while an unexpected increase in US crude stockpiles added to concerns about an...
by Bloomberg.com | Sep 11, 2024 | alerts, Markets/Economy
Technology’s transformative potential is not short-term story Traders hunker down in defensives as they seek new growth idea The artificial intelligence boom that powered the S&P 500 Index to record highs earlier this year is fizzling out, so the stock market...
