World

In an attempt to boost the sluggish property market in China, the country’s lenders have decided to cut the benchmark five-year loan prime rate. This move, initiated for the first time since June, is seen as a significant step towards revitalizing the economy and encouraging more investments in the real estate sector. The reduction of

The U.S. Federal Reserve’s decision to cut interest rates is expected to have a significant impact on currency valuations, particularly in Asian markets. Traditionally, higher interest rates attract foreign investment, leading to an increase in demand for the associated currency. However, with the Fed adopting a more dovish stance and markets pricing in rate cuts,

China experienced a significant increase in tourism revenues during the eight-day Lunar New Year holidays, surpassing pre-COVID 2019 levels. The surge of 47.3% year-on-year was primarily driven by a boom in domestic travel, providing temporary relief to policymakers in the face of deflationary risks due to weak consumer demand. It is worth noting that the

Ukrainian President Volodymyr Zelenskyy made headlines by openly inviting U.S. presidential hopeful Donald Trump to visit the war-torn front lines of Ukraine. This move, announced at the Munich Security Conference, demonstrated Zelenskyy’s willingness to confront skeptics of Washington’s support for Kyiv. By extending this invitation, Zelenskyy put himself in a vulnerable position, exposing the harsh

Japan’s central bank is facing a difficult dilemma as it considers exiting its negative interest rate regime in the coming months. While sluggish economic growth limits its ability to alleviate depreciation pressure on the yen, inflation levels and the weakening economy demand a change in policy. This article will analyze the challenges faced by the

Japan’s once-thriving economy has faced a significant setback, plunging into a technical recession in the October-December period. The latest provisional government data reveals that high inflation has severely hampered domestic demand and private consumption in what was once the world’s fourth-largest economy. This unexpected contraction not only poses a challenge for Bank of Japan Governor

The Asia-Pacific markets faced a downturn as they tracked Wall Street losses due to the unexpected surge in U.S. January inflation. This article examines the consequences of the inflation report and its effects on various markets across the region. According to the consumer price index (CPI) data, U.S. January inflation soared 3.1% on a 12-month

The latest stock gains are expected to hold strong until the end of the year, despite the possibility of a mid-year market correction. Economist Ludovic Subran, the chief economist at German financial services firm Allianz, believes that these gains will continue due to potential interest rate cuts from central banks. However, Subran argues that investors

The stock market started the week on a positive note, extending its strong performance from the previous week. Both the S&P 500 and Dow Jones Industrial Average reached new all-time highs, buoyed by investor optimism. The broad market index rose by 0.3%, while the Dow advanced 195 points or 0.5%. The Nasdaq Composite also climbed

Amidst the rubble and devastation in Gaza, the Abu Mustafa family finds themselves trapped against the high concrete and metal fence that separates Gaza from Egypt. The family, like over a million other Palestinians, fears being left with nowhere to flee in the midst of the ongoing military offensive. Displacement is particularly challenging for the