BEIJING — China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global outlook. Read More
Share prices were mixed in Asia on Friday after China reported its economy contracted by 2.6% in the last quarter as virus shutdowns kept businesses closed and people at home. U.S. futures and oil prices edged higher. Tokyo’s Nikkei 225 index added 0.5% to 26,788.47. The Kospi in Seoul was up 0.2% at 2,327.76 and […]
Mutual Fund (MF) is considered as a safer way to venture into equity markets compared to direct investments in stocks. This is because equity-oriented MF schemes provide a ready-made diversified portfolio managed by professional fund managers. As a result, salaried individuals and persons engaged in other professions may invest without the worry of studying and […]
South Africa Finance Minister Enoch Godongwana discusses the impact of Fed rate hikes on South Africa, surging debt in emerging economies and South Africa’s energy crisis. He speaks on Bloomberg Television from the sidelines of the G-20 Summit in Bali. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: […]
Philippine central bank Governor Felipe Medalla discusses monetary policy, the economy and the local currency. Bangko Sentral ng Pilipinas unexpectedly raised borrowing costs by 75 basis points to 3.25% on Thursday. The Philippine peso is down more than 9% this year and adds to inflation in a country that imports goods from fuel to rice. Medalla speaks with David Ingles […]
China’s economy grew at the slowest pace since the initial coronavirus outbreak in Wuhan. Gross domestic product increased 0.4% from a year earlier. That’s the worst performance since the first quarter of 2020. Enda Curran reports on Bloomberg Television.
Wei Yao, head of research and chief economist for APAC at Societe Generale, discusses China’s second quarter GDP and her outlook for the economy. China’s economy grew at the slowest pace since the country was first hit by the coronavirus outbreak two years ago. She speaks on Bloomberg Television. ——– Follow Bloomberg for business news […]
Watch as SpaceX launches a cargo mission to the International Space Station. A robotic SpaceX Dragon cargo capsule lifted off atop a two-stage Falcon 9 Rocket from NASA’s Kennedy Space Center in Florida. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business […]
If you’re in the market for a used car, congratulations! Used cars are a great way to save money on your next vehicle purchase. But before you head to your local used car dealer or start browsing online, there are a few things you should do to prepare. Inspecting a used car before buying is […]