By Summer Zhen HONG KONG (Reuters) -Investors are waiting for a big burst of stimulus from China before they make more aggressive bets on a recovery, having spent the past few months disappointed by economic data and a lack of meaningful policy response from Beijing. The country’s promising recovery early in the year has faltered…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday kick off what looks like a pretty light week for regional economic, policy and corporate drivers, with all eyes on how investors react to the extraordinary events in Russia over the…
VIENNA (Reuters) – Cocaine demand and supply are booming worldwide and methamphetamine trafficking is expanding beyond established markets, including in Afghanistan where the drug is now being produced, a United Nations report said on Sunday. Coca bush cultivation and total cocaine production were at record highs in 2021, the most recent year for which data…
Ah, July! The month when summer is in full swing, and the spirit of adventure fills the air. In the world of investing, this mid-summer period also brings its own unique opportunities. Among these are mid-cap stocks, often considered the perfect mix between the high-growth potential of small caps and the stability of large…
Rio Tinto, one of the world’s most prominent mining companies, has a diverse and widespread operational footprint. Their expansive portfolio includes a mix of commodities such as aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. This diversification offers a natural hedge against volatility in individual commodity markets and plays a critical…
CAIRO (Reuters) – Egypt and India discussed strengthening ties in areas including trade, food security and defence during a state visit to Cairo by Indian Prime Minister Narendra Modi, the two countries said on Sunday. On his first trip to Egypt, Modi met Egyptian President Abdel Fattah al-Sisi and Egyptian ministers appointed to an “India…
BEIJING (Reuters) – China needs to step up measures as soon as possible to bolster a faltering post-COVID recovery in the world’s second-largest economy, a senior economic official with the country’s top political advisory body said on Sunday. Analysts at major international banks have downgraded economic growth forecasts for 2023 after May data showed demand…
By Lewis Krauskopf NEW YORK (Reuters) -Some Wall Street banks are sounding caution on the U.S. stock rally, warning that stretched valuations have made equities more vulnerable to declines. The S&P 500 pulled back for the week though it is up more than 13% since the year began, fueled by signs of moderating inflation, excitement…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s parliament on Sunday approved the government’s 2023-24 budget which was revised to meet International Monetary Fund conditions in a last ditch effort to secure the release of more bailout funds. The IMF in mid-June expressed dissatisfaction with the country’s initial budget, saying it was a missed opportunity to…
BANGKOK (Reuters) – Thailand’s policy interest rate remains low and further tightening will be gradual to curb inflation risks as the economy continues to recover, a deputy central bank governor said on Sunday. The Bank of Thailand raised its main interest rate six times since August to 2% to tame inflation and policymakers have pledged…
