Month : January 2024

Moody’s Investors Service is expressing mounting apprehension over the sovereign creditworthiness of Asia-Pacific countries in 2024. Their negative outlook stems from a combination of factors: China’s lackluster economic growth, tight funding conditions, and persistent geopolitical risks. These challenges are raising uncertainty regarding the region’s financial stability. China’s economic recovery from the COVID-19 pandemic......

In an optimistic start to the week, stock markets in the United States witnessed a surge in prices, further building on the historic momentum from the previous session. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all made notable gains, setting a positive tone for investors. The S&P 500 index climbed by......

Based on the World Bank’s projections as of 2024, Lebanon’s economic situation remains deeply concerning. The bank, known for its comprehensive and data-driven analyses of global economies, has not issued a specific forecast for Lebanon’s GDP in 2024, citing “high uncertainty.” This decision reflects the volatile and unpredictable nature of Lebanon’s economic landscape. In......

The Chinese mutual fund industry is undergoing a significant upheaval, evidenced by the highest number of fund closures in the past five years. This trend, mirroring the downturn in the nation’s stock market, signals a severe decline in investor confidence. Data compiled by Bloomberg since 2014 reveals that around 240 local mutual......

In a notable shift influenced by robust retail sales data and central bank deliberations, Treasury yields experienced a significant rise on Wednesday. The focal point of this shift was the 10-year Treasury yield, which ascended to a near five-week high, touching 4.1%. This surge is attributed to a convergence of......

Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in nearly three decades, its nominal GDP in dollar terms declined, coupled with a reduction in its global economic share for the second consecutive year. This......