Goldman joins Wall Street banks in cutting China’s growth outlook as post-Covid bounce fades
Goldman Sachs sees further turbulence ahead for the Chinese economy as the recovery from its stringent Covid measures continue to
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World Markets
New Zealand enters technical recession after economy shrank 0.1% in the first quarter
New Zealand's economy contracted 0.1% in the first quarter of 2023, marking the second consecutive quarter-on-quarter decline for the economy.
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China’s yuan weakens after the central bank cuts a key short-term rate
The People's Bank of China cut its 7-day reverse repo rate for the first time since August. Source link
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Chocolate is set to get more expensive as cocoa prices soar to seven-year highs
Chocolate lovers are up for a bitter disclosure: prices of their favorite snack are about to rise further on the
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George Soros hands control of his $25 billion empire to his son Alex
The older Soros, often targeted by right-wing conspiracists, has been one of the U.S. Democratic Party's largest donors. Source link
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Saudi Arabia is seeking collaboration not competition with China, energy minister says
Saudi Arabia is seeking more cooperation with China on trade investments and energy flows rather than competing with it, said
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Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows
Stock markets in South Korea, Japan and India are beneficiaries of the disappointing economic data that has clipped confidence in
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India predicted to outshine China as Asia remains a bright spot for global growth
In its latest global economic outlook report, the OECD predicted India, China and Indonesia would top gross domestic product projections
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Senegal, one of Africa’s bastions of stability, faces its gravest threat of unrest in decades
The sentencing of a populist opposition leader in Senegal has triggered widespread unrest that threatens the West African country's long-established
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