[ad_1] (Bloomberg) — Just a few months after China’s bond market was plagued by fears of Japanification, soaring yields are pointing to a stark shift in sentiment. Most Read from Bloomberg Benchmark yields hit a three-month high this week as traders unwound bets that the world’s second-largest economy is about to enter a Japan-style period of deflation and cheap money. China’s 10-year yield jumped above 1.9%, cementing a five-week widening that has erased around a third of its move lower since the start of 2024. The bond selloff is partly the result of the People’s Bank of China’s obsessive focus…
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[ad_1] Mike Ashley-backed Scalextric and model train firm Hornby (HRN.L) has revealed plans to go private, blaming regulatory hurdles and costs involved with a stock market listing. The Aim (^FTAI)-listed group – which has been undergoing a turnaround with advice from Frasers (FRAS.L) founder and billionaire Mr Ashley – said it plans to re-register as a private company to help with its ongoing overhaul. The Margate-based group said: “The board anticipates that for this process of structural change to continue at pace and to maximum effect, operating outside a publicly quoted environment would improve its decision-making ability.” “At the same…
[ad_1] Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024.David Paul Morris/Bloomberg via Getty ImagesNvidia CEO Jensen Huang is expected to reveal details about Rubin, the chipmaker’s next AI graphics processor, on Tuesday at the company’s annual GTC conference. While other tech companies usually name their products using combinations of inscrutable letters and numbers, most of Nvidia’s most recent GPU architectures have been named after famous women scientists.Nvidia is naming its next critical AI chip platform after Vera Rubin, an American astronomer.The company…
[ad_1] Taiwan Semiconductor Manufacturing Company (TSMC), the largest semiconductor foundry in the world, reported strong revenue growth in the first two months of 2025. The company earned NT$553.3 billion (US$16.81 billion), a 39.2% increase from last year. This growth is driven by the high demand for AI chips, especially from NVIDIA. AI Demand Fuels TSMC Revenue Growth In February 2025, TSMC’s revenue hit NT$260.01 billion, up 43.1% compared to last February. This marks the highest sales for February ever. However, it was an 11.3% drop from January 2025. Analysts expect revenue to rise in March, possibly exceeding NT$266.7 billion. This…
[ad_1] Photo: Joe Readle (Getty Images) Despite daily fluctuations, the trend on 30-year fixed mortgage interest rates has been slowly falling through the first three months of this year. Experts say the falling rate could thaw the largely frozen housing market by enticing buyers off the sidelines. Freddic Mac wrote in its guidance last week: The decline in rates increases prospective homebuyers’ purchasing power and should provide a strong incentive to make a move. Additionally, this decline in rates is already providing some existing homeowners the opportunity to refinance. According to Freddie Mac (FMCC) data, rates on 30-year fixed mortgages…
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[ad_1] The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com.Inventory gains in the region, which includes the District as well as Maryland and Virginia suburbs, began to accelerate in January and February, up 35.9% and 41% year over year, respectively. Inventory in the area from June to December had already been 20% to 30% higher than the previous year, but the increases accelerated even further in recent months.As of last week, active listings were up 56% compared with…
[ad_1] African soccer leader Patrice Motsepe has been re-elected and urges working with private financiers to help federations build national stadiums. The 54 member federations of the Confederation of African Football elected Motsepe unopposed to have a second four-year term. Currently 12 countries cannot host national-team games in international competitions because their stadiums are not certified. Motsepe, a billionaire from South Africa, says African heads of state often tell him they must weigh investments in soccer against health and education spending.Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.…
[ad_1] U.S. Treasury Secretary Scott Bessent on Thursday said Wall Street should shrug off President Donald Trump’s latest threat to impose steep tariffs on foreign trading partners.Asked on CNBC’s “Squawk on the Street” about Trump’s threat to ratchet up tariffs on European alcohol, Bessent suggested the move should have little impact on stocks.”One or two items with one trading bloc, I’m not sure why that’s a big deal for the markets,” said Bessent.Earlier in the day, Trump had warned the European Union that he would slap 200% tariffs on European alcohol exports — including all wines and French champagnes —…
[ad_1] The past week marked a watershed moment for the eurozone, potentially signaling a fundamental shift in European economic policy. The coalition set to assume power in Germany announced a massive fiscal package — ranging from 12% to 18% of GDP — which includes the creation of a €500 billion infrastructure fund and the relaxation of debt constraints on defense spending, representing a break from its traditional Exportweltmeister model. The Germans are having a “Jesus moment,” recognizing the need to shift from being a capital exporter — Exportweltmeister — to prioritizing domestic investment. This marks the beginning of a macroeconomic regime change,…