IMF expects new housing demand in China to drop by around 50% in the next decade
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth.
India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says
India could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC.
CNBC Daily Open: Mega tech earnings grab attention
Three “Magnificent 7” results hogged the headlines: Meta, Amazon and Apple.
European stocks close mixed after U.S. jobs report surprise
European markets closed flat on Friday, ending a busy week of corporate earnings and major central bank decisions.
AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
U.S. chip giant Advanced Micro Devices is betting on AI PCs as competition with rivals Nvidia and Intel intensifies
Russian war critic poses an awkward challenge for Putin and the Kremlin as the election nears
A challenger to Putin’s long reign in office has emerged from within Russia’s political establishment, in the form of Boris Nadezhdin.
Taiwan elects parliament speaker ruling party views as pro-China
Taiwan’s parliament elected a former presidential candidate for the largest opposition party as its new speaker, who the ruling party has said is pro-China.
Japan’s Aozora Bank hits near 3-year lows as bad U.S. property loans prompt loss forecast
Aozora shares hit their lowest levels since February 2021, plunging as much as 18.5% — the Nikkei 225 benchmark was up 0.5%.
Gold demand hit record highs in 2023 amid geopolitical risks, China weakness
Gold demand hit record highs in 2023 on the back of persistent geopolitical tensions and continued weakness in China’s economy, the World Gold Council said.
