Property

The recent liquidation of China Evergrande Group has sent shockwaves through the financial world. Once the largest property developer in China, Evergrande's failure to deliver a restructuring plan for its $23 billion worth of offshore debt led to a court-ordered liquidation in January. As part of the liquidation process, lawyers appointed by the liquidators are
0 Comments
As central bank decisions in Britain, Switzerland, and Norway loom, the global rate cutting trend is expected to slow down, signaling a potential shift in monetary policy. The Bank of England is unlikely to cut rates before July 4th, shattering hopes for an immediate rate cut. Market expectations point towards easing in the near future,
0 Comments
China's exports saw a significant increase in May, marking the second consecutive month of growth. This growth, which amounted to a 7.6% year-on-year increase in export value, signifies that factory owners in China are successfully finding buyers overseas. These positive export figures have provided some relief to the economy as it continues to strive for
0 Comments
In May, Australian home prices experienced a significant increase, marking the largest monthly gain since October. Data from property consultant CoreLogic revealed that national home prices rose by 0.8%, extending the growth streak to sixteen consecutive months. Compared to April, when prices saw a 0.6% increase, the current figures show a steady upward trend. Year-on-year,
0 Comments
China's manufacturing activity took an unexpected hit in May, raising concerns about the need for additional stimulus to revive the economy. The official manufacturing purchasing managers' index (PMI) fell to 49.5 in May from 50.4 in April, falling below the 50-mark that separates growth from contraction. This disappointing result was also below analysts' forecast of
0 Comments
Recently, New Zealand's central bank announced new rules that will limit how much housing finance lenders can provide for borrowers looking to take on high levels of debt relative to their incomes. This decision comes as policymakers aim to reduce default risk in the country's volatile housing market. Implementation Date for the Rules According to
0 Comments
The upcoming week will see a focus on inflation data coming out of the United States. The personal consumption expenditures (PCE) price index, a key gauge of inflation favored by the Federal Reserve, is set to be released on Friday. This data will provide important insights into the direction of interest rates for the remainder
0 Comments
The recent controversy surrounding actor Scarlett Johansson and OpenAI CEO Sam Altman has shed light on the importance of communication in business dealings. It is evident from Johansson's statement that there was a lack of clear communication between her and Altman, leading to misconceptions and misunderstandings. Altman's decision to use a voice similar to Johansson's
0 Comments
The People's Bank of China (PBOC) chose to keep its benchmark loan prime rate (LPR) unchanged, aligning with popular expectations. This decision was made despite ongoing efforts by Beijing to introduce other forms of stimulus to bolster the economy. The one-year LPR was maintained at 3.45%, while the five-year rate, crucial in determining mortgage rates,
0 Comments
Warren Buffett, the legendary investor, has finally let the cat out of the bag by disclosing his secret stock pick in a recent regulatory filing. The revelation unveiled that Buffett's conglomerate, Berkshire Hathaway, has purchased nearly 26 million shares of the Zurich-based insurer Chubb. This stake is valued at an impressive $6.7 billion, making Chubb
0 Comments
The rapid advancement of technology has brought about both positive and negative effects on various industries, including the publishing industry. Recently, eight U.S. newspaper publishers filed a lawsuit against Microsoft and OpenAI, alleging that their articles were being used without permission in AI products. This has raised concerns about the impact of artificial intelligence on
0 Comments