China’s Xi to visit Riyadh as Saudi Arabia seeks to expand international reach
Chinese President Xi Jinping will visit Saudi Arabia on Wednesday to attend the first China-Arab States Summit and the China-Gulf Cooperation Council Summit.
Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’
After a tumultuous year, Standard Chartered expects more volatility in 2023 and says several potential surprises are being “underpriced” by the market.
China eases Covid restrictions on travel and production
China said Wednesday that people will no longer need to show negative virus tests or health codes in order to travel between different regions.
Over $400 billion has been erased from the value of Europe’s tech industry this year
The combined value of all public and private European tech firms has fallen from to $2.7 trillion from a peak of $3.1 trillion in late 2021, a new report says.
These ETFs can help investors navigate stubbornly high inflation in 2023
Inflation is unlikely to fall to the Fed’s 2% target level by the end of next year, according to BlackRock’s iShares strategists.
Japan’s economy could enter a recession in 2023, economist says
Japan’s economy is set to enter into recession as export growth slows, according to Capital Economics’ Marcel Thieliant.
Raphael Warnock beats Trump pick Herschel Walker in Georgia Senate runoff, NBC projects
Warnock’s projected win over Walker marks a major loss for former President Donald Trump and could have a major impact on President Joe Biden’s agenda.
Hong Kong home prices drop to the lowest in nearly five years — and the worst may not be over
Prices of Hong Kong’s residential properties plunged to a near five-year low as rising interest rates and a mass exodus of expat workers drove down prices.
China’s reopening is a bigger driver for oil prices than cap on Russian crude, Singapore foreign minister says
China is the world’s largest oil importer and news of its reopening plans has swayed oil prices.
UBS says shares in this global airline are set to soar by 55%
The investment bank raised its price target after the airline said it expects to see bumper demand over Christmas.
