[ad_1] (Bloomberg) — Asian stocks may struggle in early trading after Chinese economic measures underwhelmed and the release of anemic inflation data over the weekend. Bitcoin topped $81,000 after President-elect Donald Trump took a clean sweep of the seven US battleground states. Most Read from Bloomberg Australian shares fell while futures in Tokyo and Hong Kong signal losses after China’s 10 trillion yuan ($1.4 billion) plan to help local governments deal with hidden debt stopped short of including new measures to boost domestic demand. US contracts edged higher after the S&P 500 rose 0.4% on Friday to cap stocks’ best…
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[ad_1] BEIJING (Reuters) -China’s consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy. In its latest stimulus measures, the country’s top legislative body approved a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the world’s second-biggest economy, as some investors had hoped. Analysts say the package will likely do little to boost economic activity, demand and prices in the near term. The consumer…
[ad_1] In a strategic response to a slowed economy, China is considering a significant fiscal move: a 10 trillion yuan ($1.4 trillion) stimulus aimed at revitalizing growth by bolstering local government debt management, supporting consumer spending, and stabilizing core economic sectors. This fiscal plan, as per recent reports, would be spread across multiple years, with large portions channeled through special-purpose bonds for infrastructure and other targeted areas. Alibaba Group Holding Limited (BABA), a prominent figure in China’s e-commerce and cloud markets, stands to be impacted by this stimulus. With its strong foothold in retail via Taobao and Tmall and significant…
[ad_1] (Reuters) – Australian battery maker Novonix said on Monday (NASDAQ:) it had signed a binding off-take agreement with automaker Stellantis (NYSE:) to supply high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee, to Stellantis’ cell manufacturing partners in North America from 2026 until 2031. “This contract allocates the remainder of our available volumes at our Riverside facility and a portion of…
[ad_1] The pharmaceutical industry is seeing a wave of mergers and acquisitions (M&A) aimed at boosting growth amid rising challenges. With an industry-wide shift toward consolidation, companies are navigating expiring patents, heightened R&D costs, and pricing pressures. M&A allows companies to scale, optimize pipelines, and diversify revenue sources, and this environment has piqued interest among investors looking for companies with strong acquisition strategies. In this climate, Pfizer Inc. (PFE), with its notable M&A activity and robust pipeline, stands out as a potential winner. Pfizer’s recent financials underscore its ability to adapt, as the company reported a substantial year-over-year revenue growth…
[ad_1] NEW YORK, Nov. 10, 2024 (GLOBE NEWSWIRE) — Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Franklin Resources, Inc. (NYSE: BEN) resulting from allegations that Franklin Resources may have issued materially misleading business information to the investing public. So What: If you purchased Franklin Resources securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To…
[ad_1] (Bloomberg) — Times are tough in private markets. High borrowing costs are hurting returns, managers are struggling to exit investments, and regulators are circling. All that is bringing back an issue that has long haunted these opaque holdings: No one is quite sure how to actually measure their performance.Barry Griffiths is one of a small group of quantitative analysts giving it a try. He’s the driving force behind an alternative method for gauging unlisted investments that he says has the potential to demystify the world of private markets, from buyout funds to venture capital. The claim is it will…
[ad_1] By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s biggest lender DBS Group Holdings Ltd (OTC:) is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek’s 29.1% stake in Alliance Bank Malaysia Bhd, said the two sources with knowledge of the matter, a slice currently valued at about $460 million. Temasek is biggest shareholder in DBS with a 28.9% stake, according to LSEG data. Other options for expanding into Malaysia include buying Kuwait…
[ad_1] Jakub Porzycki | Nurphoto | Getty ImagesBitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even more gains on the back of U.S. elections that saw a swell of pro-crypto candidates win office.Open interest in bitcoin’s price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. Deribit encompasses most of the offshore options market.”The options market’s bias is heavily toward continued momentum. Call…
[ad_1] Over recent years, Apple Inc. (AAPL) has taken decisive steps to establish a significant presence in India, aiming to capture market share in one of the world’s most dynamic emerging economies. The tech giant has expanded both manufacturing operations and retail stores in India, signaling its commitment to this burgeoning market. This shift is evident in Apple’s latest moves, such as launching its online store in 2020, opening flagship retail locations in Mumbai and Delhi in 2023, and deepening manufacturing collaborations with local suppliers. Apple’s recent quarterly report highlights its focus on India as it grapples with a maturing…