China’s recent report on consumer prices revealed a surprising increase of only 0.6% year on year in August, falling short of expectations. Analysts had predicted a 0.7% rise in the consumer price index, highlighting the challenges of accurately forecasting economic trends in the current climate. One of the key contributors to the inflation rate was
Finance
Seven & i Holdings recently made headlines by rejecting a takeover offer from Canadian convenience store operator Alimentation Couche-Tard. In a filing with the Tokyo Stock Exchange, Seven & i highlighted that the proposed offer of $14.86 per share was not deemed to be in the best interest of its shareholders and stakeholders. Stephen Dacus,
The year 2024 has witnessed a surge in exchange-traded fund (ETF) inflows, breaking monthly records and catching the attention of industry experts. Nate Geraci, the president of The ETF Store, expressed his views on the potential impact of the money market fund boom on ETF inflows for the remainder of the year. He highlighted the
China’s economy is currently facing deflationary pressure, with consumer prices falling in 2023 and only marginally increasing so far this year. This lackluster domestic demand is a major concern for policymakers in China, as it hinders economic growth. The Consumer Price Index (CPI) is expected to tick up slightly in August, but remains far below
Visa recently announced its plans to launch a dedicated service for account-to-account (A2A) payments in Europe, skipping credit cards and the traditional direct debit process. This new service is designed to make transactions easier for consumers by allowing them to set up direct debits on merchants’ e-commerce stores with just a few clicks. This move
British financial technology firm Zilch recently announced a significant achievement by reporting its first-ever month of profit. This milestone is crucial for the company as it sets its sights on an eventual initial public offering. In a recent trading update, Zilch revealed that it achieved an operating profit in July 2024, just four years after
In a recent report by the Milken Institute on China’s best performing cities, Hangzhou, the capital of the eastern Zhejiang province, emerged as the top city in terms of economic vibrancy and growth prospects. Home to tech giants like Alibaba, Hangzhou has been at the forefront of China’s push towards technological innovation. However, not all
Warren Buffett’s Berkshire Hathaway made history by becoming the first non-technology company in the U.S. to reach a market capitalization of $1 trillion. This milestone was achieved after the company’s shares rallied over 28% in 2024, outperforming the S&P 500’s gain of 18%. The significance of this achievement is heightened by the fact that it
According to British fund manager abrdn, there is a prediction that the U.S. economy will experience a soft landing. However, Kenneth Akintewe, the company’s head of Asian sovereign debt, warns of the risk of a prolonged slowdown in 2025. He questions whether the Federal Reserve is making a policy mistake by potentially overlooking key economic
China’s long-awaited foray into the world of top-tier video games has finally arrived with the groundbreaking success of Black Myth: Wukong. This action-packed game, deeply rooted in mythological China, shattered world records by selling over 10 million units within just three days of its launch on Aug. 20. Surging to the second rank by revenue