China says fiscal policy must be ‘moderately strengthened’

2023-12-08 16:02:18 Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China’s Shanghai, Nov. 30, 2023. Xinhua News Agency | Xinhua News Agency | Getty Images China’s top decision-making body of the ruling Communist Party on Friday said the country’s … Read more

U.S. and China commercial property face headwinds

2023-10-26 07:59:17 Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore’s United Overseas Bank. But the bank remains optimistic about one key region. “The U.S. commercial real estate remains a hotspot, especially with the low occupancy rates that we have,” Lee Wai … Read more

China’s economic model is ‘washed up on the beach’

2023-08-17 14:41:46 The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China. Vcg | Visual China Group | Getty Images China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a big impact on global markets, says veteran … Read more

Bank of Japan loosen’s YCC, cites ‘greater flexibility’ and jolts markets

2023-07-29 02:55:56 The Bank of Japan headquarters in Tokyo. Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank loosened its yield curve control — or YCC — in an unexpected move with wide-ranging ramifications. It sent the yen whipsawing against … Read more

Global economies are out of sync; 2024 will be a ‘year of contraction’

2023-06-27 12:34:13 Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management. … Read more

A recession is coming — and equity markets may incur some pain, strategist says

2023-04-21 11:57:34 The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need to prepare for some pain in the stock market. Speaking to CNBC’s “Squawk Box Europe” on Friday, Chris Watling said he believed a recession was on its way, … Read more

IMF says U.S-China tensions could cost the world about 2% of its output

WASHINGTON D.C., UNITED STATES – DECEMBER 26: The International Monetary Fund (IMF) building is seen in Washington D.C., United States on December 26, 2022. (Photo by Celal Gunes/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images The International Monetary Fund said in a Wednesday report that global tensions could disrupt overseas … Read more

OECD says global economic outlook ‘slightly better’ for 2023

People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook for the world is slightly brighter at the beginning of … Read more