Wall Street closed this Wednesday in red and the Dow Jones Industrials, its main indicator, lost 1.81% as fear of recession once again prevailed in the market. At the close of operations on the New York Stock Exchange, the Dow Jones cut 613.89 points, up to 33,296.96 units, while the selective S&P 500 fell 1.56% … Read more
Investors are their biggest underweight to U.S. stocks since 2005, according to a Bank of America (BofA) survey of fund managers. Investors are looking for cheaper regional stocks as market sentiment improves, he said. Respondents in the January survey were “significantly less bearish” than they were in the fourth quarter of last year, with a … Read more
“China’s demographic and economic prospects are bleaker than expected,” says US social scientist Yi Fuxian of the University of Wisconsin. “China will have to go through a downsizing process.” It must also change its social and economic policies. The surplus of working people, which had boosted China’s economic miracle as the “workbench of the world”, … Read more
A view of apartments in downtown Seoul from the Seoul Sky Observatory at Lotte World Tower in Songpa-gu, Seoul./Newsis As the number of ‘tin can houses’, where the house price is lower than the jeonse deposit, is increasing, tenants who have not received the deposit back from the landlord on time are requesting a random … Read more
History 1/14/2023 7:30:40 PM (MENAFN– Al-Bayan) Financial experts and entrepreneurs specializing in the financial technology sector (FinTech) in Dubai unanimously agreed that the lack of financing and global economic problems resulting from the current geopolitical tensions are the most prominent challenges that the sector is currently facing. A number of FinTech experts and entrepreneurs and … Read more
In the United States, short-term inflation expectations fell in January to their lowest level in almost two years. A University of Michigan Consumer Confidence Survey revealed that consumer sentiment has risen more than expected. Key Point One-year inflation expectations drop to 4%, lowest level since April 2021 Economists expected 4.3% 4.4% in the previous month … Read more
Goldman Sachs Group Inc.’s newly formed Platform Solutions division, which wrapped up its consumer businesses, posted a pre-tax loss of more than $1.2 billion in the first nine months of 2022. The company had once had ambitions to move into the consumer market, but its ambitions faded, dismantling its consumer-facing divisions and consolidating the remaining … Read more
In the foreign exchange market next week, with the Bank of Japan’s monetary policy meeting to be held on the 17th and 18th ahead, persistent speculation of policy revisions is likely to put pressure on the yen.In some cases, the Yield Curve Control (YCC) policy continued from December last year.ReviewThere is also a view that … Read more
Carrie-Ann places a phone on the counter of a discreet branch in Duisburg, western Germany. In five minutes, she obtains a loan of 120 euros in cash, a valuable contribution in these times of high inflation. “I wanted to entrust my phone (she has two, editor’s note) because I have shopping to do, cat food, … Read more
Abu Dhabi – Mubasher: The assets of Islamic banks operating in the UAE rose to 607.8 billion dirhams at the end of last October, according to the latest statistics of the Central Bank. Central Bank statistics showed that the assets of Islamic banks increased during the first ten months of last year by about 17.5 … Read more