Asia shares mixed shares, China cuts rates as data disappoints

Asia shares mixed shares, China cuts rates as data disappoints

FILE PHOTO – People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edge higher, S&P 500 futures plunge PBOC lowers key rates, Chinese data sorely lacking in forecasts Eyes … Read more

Live Updates: Rio Tinto’s plan to take control of a $2.7 billion copper mine in Mongolia hits the buffers

Live Updates: Rio Tinto’s plan to take control of a .7 billion copper mine in Mongolia hits the buffers

Afghanistan has two anniversaries ahead. Friday is Independence Day, commemorating the signing of the Treaty of Rawalpindi in 1919, in which Britain granted Afghanistan self-determination over its foreign affairs. However, most will be most concerned about Monday, which marks a year since the Taliban regained control. This week also begins with the 75th anniversary of … Read more

714% in one day: The BBBY stock measure to watch

714% in one day: The BBBY stock measure to watch

There are many metrics stock investors like to monitor when deciding whether to buy or sell. The online tool Stonk-o-tracker, for example, monitors things like the number of shares in a company available to short sellers, reverse buyout deals and, of course, the price of the stock. stock. Bed Bath and Beyond (NASDAQ:BBBY) has just … Read more

Dogecoin Competitor Shiba Inu Surges, Hit Market Cap of $10,000,000,000 as Bitcoin and Ethereum Tap Resistance

Dogecoin Competitor Shiba Inu Surges, Hit Market Cap of ,000,000,000 as Bitcoin and Ethereum Tap Resistance

Capital in the crypto markets is turning to coins even as a new week kicks off. The dog-themed Ethereum-based crypto asset Shiba Inu (SHIB) has soared 40% in the past 24 hours, briefly breaking a market cap of $10,000,000,000. Rival Dogecoin (DOGE)’s rise from $0.00001259 to $0.00001762 comes just after Bitcoin and Ethereum hit key … Read more

China’s economy unexpectedly slows as Covid outbreaks and real estate crisis bite | Chinese economy

China’s economy unexpectedly slows as Covid outbreaks and real estate crisis bite |  Chinese economy

China’s economy slowed unexpectedly in July as factory and retail activity were squeezed by Beijing’s zero Covid policy and a housing crisis, while the central bank surprised markets by cutting rates managers to boost demand. Industrial production in July rose 3.8% from a year earlier, down slightly from 3.9% in June, according to data from … Read more

Which top tech investor Paul Meeks is buying as tech rallies

Which top tech investor Paul Meeks is buying as tech rallies

After a massive flight to security in the first half of the year, investors are buying into the technology again – but top investor Paul Meeks is far from convinced. “I feel this not really because I see the fundamentals of most of these companies improving a lot in the short term, but rather because … Read more

China unexpectedly cuts 2 key rates and withdraws money from the banking system

The headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew liquidity from … Read more

Oil market surplus bolsters case for further OPEC production cuts

This week, OPEC published its monthly report on the oil market. It was released just hours after the IEA released its own monthly oil market forecast. Contrary to the IEA, the oil group expects oil demand growth this year would be slower than expected. OPEC is also planning a oil market surplus, sparking speculation it … Read more

Japan rebounds in economic growth as coronavirus fears fade

TOKYO — The restaurants are full. Shopping centers are teeming. People travel. And Japan’s economy has started to grow again as consumers, weary of more than two years of the pandemic, have moved away from the precautions that have kept coronavirus infections among the lowest levels of any wealthy country. Lockdowns in China, soaring inflation … Read more

China’s consumer and factory data misses expectations in July

Employees working on an air conditioner production line at a Midea factory in Guangzhou, China. Jade Gao | AFP | Getty Images BEIJING — China released data for July well below expectations. Retail sales rose 2.7% in July from a year ago, the National Bureau of Statistics said Monday. That’s well below the 5% growth … Read more