Reserve Bank of Australia says rates have not peaked, path to soft landing narrow
Despite a series of interest rate rises that began in May, consumer price inflation hit a 32-year high in the fourth quarter.
Fortescue sees solid iron ore demand this year on China property support
Fortescue was seeing “really good” demand for its lower grade iron ore after the Chinese New Year, given compressed margins at steelmakers.
Singapore faces a ‘delicate balancing act’ amid weak economy and inflation, says deputy PM
Singapore’s DPM Lawrence Wong says Budget 2023 was “particularly challenging” as the country tried to ensure fiscal prudence while helping Singaporeans with cost of living.
Watch CNBC’s full interview with Singapore Deputy PM Lawrence Wong on the 2023 budget and more
Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong discusses the 2023 budget that was delivered in parliament on Tuesday. He says the country’s economy has recovered back to pre-Covid levels, but its fiscal position is “still quit…
Chinese EV startup Jidu plans to use ChatGPT-like tech
The combined tech aims to improve users’ interactivity with the car, the startup said. So-called smart cars typically include voice control.
Japanese Prime Minister Fumio Kishida says Kazuo Ueda is the best fit to lead Bank of Japan
Kishida told a parliamentary committee he weighed market impact alongside economic and wage growth as well as price stability targets.
China central bank ramps up medium-term liquidity injection via policy loans, rate unchanged
With 300 billion yuan worth of MLF loans set to expire, the operation resulted in a net 199 billion yuan of fresh fund injection into the banking system.
BofA says these global stocks can weather a choppy market — and are ‘inexpensive’
Stocks are see-sawing. As investors get jittery, BofA screened for cheaper global stocks that proved resilient during the financial crisis of 2008.
This fund manager says a bull market might be on the horizon — and names her top stock picks
U.S. stocks are posting smaller gains this month, as market sentiment turns more bearish. But fund manager Barbara Doran is taking a contrarian view.
China’s economic recovery is off to a slow start
Preliminary economic data indicate overall growth isn’t yet roaring back since mainland China ended its Covid controls in early December.
