Shares of Chinese technology companies listed in Hong Kong on Friday, February 21, showed their best weekly winning streak since 2020, as earnings surpassing preliminary expectations and optimism about the artificial intelligence sector gained global investors who made financial injections into the relevant area.
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Alibaba Group Holding Ltd. has published information about its earnings for the fourth quarter of 2024, according to which the revenue of this Chinese Internet pioneer for the mentioned period demonstrated growth at an upward dynamic pace, which is the fastest in more than a year, and this is another signal in favor of the […]
The Japanese economy in the fourth quarter of 2024 demonstrated such growth rates that exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of this indicator.
On Monday, February 17, President of the People’s Republic of China Xi Jinping delivered a speech at a rare closed-door symposium with the participation of entrepreneurs, urging them to show their talents in a new era for business in the Asian country.
Bank of England Governor Andrew Bailey warned that the United Kingdom’s economic system is still static.
Bundesbank President Joachim Nagel said Germany would be particularly hard hit by protectionism and trade tariffs from the United States, worsening the already bleak prospects for Europe’s largest economic system.
In the United States, retail sales showed a decline in January, which turned out to be the largest in almost two years.
President of the United States Donald Trump has ordered his administration to consider imposing reciprocal tariffs on Washington’s numerous trading partners.
At the end of 2024, unexpected growth was recorded in the economic system of the United Kingdom, which is because the increase in public spending provided the Labour government with a kind of reprieve after negative indicators.
Hong Kong’s financial regulators have pledged to ease the listing requirements for companies based in mainland China, noting that these firms view the city’s stock market as a source of funding to support their ambitions to operate globally.
On Wednesday, February 12, the trade advisors of the President of the United States, Donald Trump, were finalizing plans for the reciprocal tariffs.
President of the United States Donald Trump switched his position on the Federal Reserve System again, posting a message on social media on Wednesday, February 12, that interest rates need to come down.
Bank of America chief executive officer Brian Moynihan on Wednesday, February 12, said that the strong consumer spending in the United States in the current year means that the Federal Reserve System is likely to hold off on cutting its benchmark interest rate.
On Wednesday, February 12, CVS Health published information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, although this company still continues to face problems in its insurance business, seeing higher medical costs.
In the United States, inflation showed an increase in January, which exceeded preliminary expectations regarding the dynamic of this indicator.
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