Chinese authorities on pumping money into stocks from pension funds etc, ICYMI: China to boost long-term funds for equity markets Chinese official says 100s of bns of yuan to flow into shares every year from pensions China official says insurance firms still have room to increase their market…
Read MoreU.S. Commodity Futures Trading Commission Chairman Caroline Pham, the Republican commissioner who just took over the agency as President Donald Trump returned to the White House, ushered out many of the agency’s top officials under predecessor Rostin Behnam, the Democrat who’d been appointed by Joe Biden. The staff…
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Read MoreSamsung has unveiled its highly anticipated Galaxy S25 series, positioning the Galaxy S25 Ultra, Galaxy S25+, and Galaxy S25 as cutting-edge devices that integrate advanced artificial intelligence to create a personalized and intuitive mobile experience. Pre-orders begin today, with general availability set for February 7. The Galaxy S25…
Read MorePeople’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows…
Read MoreNew Zealand will loosen foreign investment regulations to attract international capital, Prime Minister Christopher Luxon announced on Thursday (New Zealand time). The move is part of his government’s strategy to stimulate economic growth and create jobs amid a weakened economy. The country slipped into recession in the third…
Read MoreComments are via J.P. Morgan Asset Management. While the managers remain bullish, and indeed are ‘overweight’, on stocks they say Number one risk heading into 2025 valuations JPM feels very strongly in the need for earnings to back up valuations JPM says they are not saying we’re underweight…
Read MoreThe preliminary reading for 2024 Q4 GDP from South Korea is not as strong as was expected. +0.1% q/q expected +0.2%, prior +0.1% +1.2% y/y is a big tumble from Q3 expected +1.4%, prior +1.5% The Bank of Korea estimates that GDP growth over 2024 as a whole…
Read MoreSaudi Crown Prince Discusses Trade Expansion with President Trump Saudi Arabia Aims to Boost U.S. Investments by $600 Billion Crown Prince Sees Trump-Era Reforms Driving Economic Growth Saudi Crown Prince Mohammed bin Salman spoke with U.S. President Donald Trump via phone, expressing the Kingdom’s intention to significantly increase…
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