Indonesia launches China-backed ‘Whoosh’ high-speed railway
Indonesian President Joko Widodo on Monday inaugurated a $7.3 billion high-speed railway connecting the country’s capital Jakarta with the city of Bandung.
Veteran investor David Roche has a contrarian call on grain prices, says prices will soar
Grain prices have been in freefall of late as investors bet on a resurgence of supply from the U.S., Russia and Ukraine, but veteran strategist David Roche is not convinced.
Bank of Japan hikes bond buying as benchmark yields hit decade peak
Hawkish comments contained in the minutes of BOJ’s September meeting released Monday reignited expectations it’s slowly laying the groundwork to end negative interest rates.
CNBC Daily Open: September sell-off, October bounce?
Even a cooler-than-expected core PCE reading— an increase of just 0.1% for the month! — couldn’t cheer investors.
China’s demand for oil and copper is ‘booming,’ says Goldman Sachs
China’s demand for major commodities like oil, copper and iron ore has been growing at “robust rates,” Goldman Sachs said.
World Bank downgrades developing East Asia growth forecast, weighed by a slowing China
Even though East Asian economies have mostly recovered from the series of shocks since 2020, including the Covid-19 pandemic, the pace of growth will likely slow.
India’s elderly population will double and overtake the number of children by 2050
India’s elderly population is predicted to double by 2050 and overtake the number of children in the country, according to the United Nations Population Fund.
Veteran EM investor Mark Mobius reveals the 2 tech giants that are key to any portfolio
Mobius says these Chinese tech giants “could be the foundation of any portfolio” — and analysts expect one of them to rise by 70% over the next 12 months.
Goldman Sachs names 6 global stocks to play the energy transition — giving one over 90% upside
Goldman Sachs says one sector is the “largest source of renewable energy in the world.” Here are some of its top stock picks.
Asia-Pacific stocks fall even as China’s factory activity expands for the first time in six months
Asia-Pacific stocks fell after China’s manufacturing PMI for bounces back to expansion territory.
