Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government's hardline zero-Covid policy, fuelling uncertainty in the world's number-two economy.
Investment bubbles eventually leave us with good things paid for by other people’s capital. Not FTX.
The Indian economy likely returned to a more normal 6.2% annual growth rate in July-September after double-digit expansion in the previous quarter, but weaker exports and investment will curb future activity, a Reuters poll showed. But with the Reserve Bank of India (RBI) now raising interest rates to tamp inflation running above its target range of 2% to 6% target, the economy is set to slow further. The 6.2% annual growth forecast for latest quarter in a Nov. 22-28 Reuters poll of 43 economists was a tad lower than the RBI's 6.3% view.
Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic led lull, Fitch Ratings said on Monday. The Reserve Bank of India has raised interest rates by a total 190 basis points since May to fight inflation, which has only recently shown some signs of easing. While full-year growth will show a modest slowdown from the 17% pace seen in the first half, credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch added.
HONG KONG SAR - Media OutReach - 28 November 2022 - Tia Lee Yu Fen, global C-Pop star, returned with a bang in 2022 as she released the first episode of her captivating animation series - "GOODBYE PRINCESS" which attained a record breaking 13.65 million views in the first three days. Since then, all videos have accumulated nearly 100 million views. The first animation episode, "Falling in the Deep", was released on 11 November and showcased a carefree mermaid swimming happily in a calm ocean and
Overworked, underpaid and thoroughly fed up, Wang's troubles deepened even further when authorities abruptly locked down the delivery driver's Beijing apartment block earlier this month.
KUALA LUMPUR, MALAYSIA - Media OutReach - 28 November 2022 - The hype around Tia Lee Yu Fen's much-awaited return in 2022 ascended to a new level after the first episode of her mesmerising animation series was released on 11 November. Garnering over 13.65 million views in the first 72 hours, the first of the six-episode series continued to generate excitement leading up to her soon-to-be-released new single "GOODBYE PRINCESS". In the time that has elapsed, the global C-Pop star's video views hav
QUANZHOU, CHINA - Media OutReach - 28 November 2022 - From November 24th to 27th, the 8th China (Quanzhou) Maritime Silk Road International Brand Expo and the 2nd RCEP Young Overseas Chinese Business Innovation and Entrepreneurship Summit supported by China Council for the Promotion of International Trade and World Trade Center Association, sponsored by China International Chamber of Commerce, Overseas Chinese Affairs Office of Fujian Provincial People's Government, Fujian Provincial Department
The Zhengzhou plant produces about 80% of the latest iPhone 14 models, making its continued operation critical for Apple.
DUBAI, UNITED ARAB EMIRATES - Media OutReach - 28 November 2022 - Following the premiere of the first episode of her animation series "GOODBYE PRINCESS", global C-Pop star Tia Lee Yu Fen expressed her gratitude and appreciation for all the support she has received as her video views approach a record breaking 100 million. Since the first episode's release on 11 November, the Asian pop singer, actress and fashion icon is eagerly anticipating the response to the second episode, "Stuck in Time", wh
The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while anti-government protests in China sent the yuan to a two-week low. Protests have flared across China and spread to several cities in the wake of an apartment fire that killed 10 people in the city of Urumqi in the country's far west. China's onshore yuan finished the domestic session around 0.5% lower at 7.199 per dollar, the lowest close since Nov. 10.
The Indian rupee recovered its opening losses to end largely flat against the dollar, while forward premiums declined more to slip below a key level. The local unit had fallen to 81.8325 in opening trades, thanks largely to the Chinese yuan. The offshore yuan fell to a two-week low of 6.2571 to the dollar following protests in China against the government's COVID policies.
The acquisition was seen as an “attractive investment opportunity” for the company to diversify its revenue streams.