BEIJING, Nov. 21, 2024 Chinese President Xi Jinping's visit to Latin America not only marks a new chapter in China's relations with the continent but also underscores China's commitment to advancing cooperation with and amplifying the voice of Global South nations, experts said.?Xi left Brasilia on Thursday after attending the 19th G20 Leaders' Summit and paying a state visit to Brazil.
Macro investor Jim Bianco, president of Bianco Research, has sparked a heated debate on Twitter about the potential long-term value of Bitcoin and its implications for the global economy.
-Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. World economies and equity markets have had a robust year, with global growth expected to average 3.1% this year, a Reuters poll published in October showed.
Freddie Mac Multifamily today announced a new CUSIP registration capability to better align its ML-Deal offerings for both commercial mortgage-backed securities and municipal bond investors, increasing liquidity across both markets and advancing Freddie Mac?s mission.
U.S. Treasury yields slipped on Thursday, drawing safe-haven bids on news of a Russian missile attack on Ukraine and after a mixed set of economic data showing the world's largest economy is gradually slowing.
Data detailing liquidity conditions in short-term markets showed few signs of pressure as of the middle of November, the Federal Reserve Bank of New York said Thursday. The bank said it Reserve Demand Elasticity Measure stood at -0.15 on Nov. 13, holding steady relative to readings a month ago.
U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief decline in mortgage rates. Home sales jumped 3.4% last month to a seasonally adjusted annual rate of 3.96 million units, the National Association of Realtors said on Thursday.
U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief decline in mortgage rates. Home sales jumped 3.4% last month to a seasonally adjusted annual rate of 3.96 million units, the National Association of Realtors said on Thursday.
NEW YORK, Nov. 21, 2024 The Conference Board Leading Economic Index???for the?US declined by 0.4% in October 2024 to 99.5, following a 0.3% decline in September.
Key Highlights Existing-home sales rose in October, according to the National Association of Realtors?. Sales improved in all four major U.S. regions. # # # For local information, please contact the local association of Realtors? for data from local multiple listing services.
* Weekly jobless claims drop 6,000 to 213,000. * Continuing claims increase 36,000 to 1.908 million. By Lucia Mutikani. The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes.
Wall Street's main stock indexes opened higher on Thursday after data reflected a robust labor market, and AI-heavyweight Nvidia advanced after reporting upbeat quarterly results and forecast.
Alcoa Corporation (AA) today announced that it has joined the World Economic Forum?s First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050.
* Snowflake jumps after raising annual product revenue forecast. * Deere shares up after Q4 profit beats estimates. * Crypto stocks gain as bitcoin prices near $100,000. * Weekly jobless claims stand at 213,000. * Futures: Dow up 0.45%, S&P 500 up 0.47%, Nasdaq up 0.49% By Johann M Cherian and Purvi Agarwal.
VALLEY FORGE, Pa., Nov. 21, 2024 Vanguard today launched Vanguard Core Tax-Exempt Bond ETF and Vanguard Short Duration Tax-Exempt Bond ETF, two active municipal ETFs managed by Vanguard Fixed Income Group.
The Central and Eastern Europe Fund, Inc. (CEE). As previously reported, certain of the Fund?s Russian holdings have been valued at zero since March 14, 2022 in light of measures adopted by the Russian Central Bank and Government, as well as sanctions implemented by the United States and other countries in response to Russia?s invasion of Ukraine.
The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. It is, however, taking longer for the unemployed to find new work.
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the Labor Department said on Thursday.
Economy Remains on Strong Footing, though Core Inflation Remains Sticky WASHINGTON, Nov. 21, 2024 Existing home sales are now expected to rise only 4 percent next year from a 2024 pace that is on track for a nearly 30-year low, according to the November 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.
* Repo rate lowered to 7.75% as expected. * Kganyago stresses global and domestic risks. * Further cuts seen in 2025 but in small steps. By Tannur Anders, Kopano Gumbi and Alexander Winning.
Brazilian banks' profitability improved in the first half of this year, led by digital banks, and net interest income and service revenues should continue to rise in the second half, the central bank said on Thursday.
Gildan Activewear Inc (GIL): * GILDAN ANNOUNCES PRIVATE OFFERING OF C$700 MILLION SENIOR UNSECURED NOTES. * Gildan Activewear Inc (GIL): INTENDS TO USE NET PROCEEDS OF OFFERING FOR REPAYMENT OF INDEBTEDNESS OUTSTANDING UNDER ITS CREDIT FACILITIES. * Gildan Activewear Inc (GIL) - PROCEEDS TO BE USED FOR REPAYMENT OF INDEBTEDNESS Source text: Further company coverage:
South Africa's central bank cut its main interest rate by 25 basis points to 7.75% on Thursday, a day after data showed inflation had dropped below its target range.
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 MARA Holdings, Inc. (MARA), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030.
Gildan Activewear Inc. (GIL) announced today that it has priced an inaugural offering of C$700?million aggregate principal amount of senior unsecured notes in two series, consisting of C$500?million aggregate principal amount of 4.362% senior unsecured notes, Series 1, due 2029 and C$200?million aggregate principal amount of 4.711% senior unsecured notes, Series 2, due 2031.
Europe will suffer in case of a fresh trade war with the United States, and could face a recession coupled with high inflation, Cypriot central bank Governor Christodoulos Patsalides said on Thursday. Incoming U.S. President Donald Trump promised to impose tariffs on most imports and said Europe would pay a. big price. for having run a huge trade surplus for years.
China's PDD Holdings (PDD) fell short of market estimates for third-quarter revenue and profit on Thursday, as promotional offers and discounts did not persuade cost-conscious consumers to spend as much as expected on its e-commerce platforms. PDD's U.S.-listed shares were down 8% in pre-market trading.
PITTSBURGH, Nov. 21, 2024 /PRNewswire/ -- National inflation levels may be on the decline, but when it comes to True Loves' gifts, the price of decking the halls keeps rising. The PNC CPI measures the change in prices consumers could expect to pay for True Love's gifts from the classic holiday carol, "The Twelve Days of Christmas."
German government bond yields edged lower and spreads widened with markets weighing geopolitical tensions and awaiting purchasing manager surveys, which could affect expectations for the European Central Bank easing path. France is in the spotlight as Prime Minister Michel Barnier is facing hurdles to passing the 2025 budget.
- The U.S. is more vulnerable to inflationary shocks than in the past, Federal Reserve Bank of Richmond President Tom Barkin said in an interview with the Financial Times published on Thursday. Barkin said he expected inflation to continue dropping across the U.S, while cautioning that businesses were passing on costs to consumers more readily than in the past.
BEIJING, Nov. 21, 2024 As the?digital economy emerges as a driving force behind global growth, nations worldwide are exploring ways to harness its potential for inclusivity and innovation. ? China's digital economy has not only fueled domestic growth but also contributed to the development of digital infrastructure in other countries.
Euro zone government bond yields edged up as market participants assessed heightened tensions between Russia and the West while waiting for purchasing manager surveys, which could affect expectations for the European Central Bank's policy easing path. Russia had described a strike by U.S. missiles, which Ukraine used to hit a target inside the country, as an escalation in the 1,000-day-old war.
Japanese government bond yields jumped on Thursday as comments from the Bank of Japan chief raised bets of an early rate hike. The five-year yield rose to 0.75%, its highest level since June 2009, and was last up 3.5 basis points at 0.745%. The two-year JGB yield rose 2.5 bps to 0.575. The 10-year JGB yield rose 3 bps to 1.095%, its highest since July 25.
BEIJING, Nov. 21, 2024 This is an article from?China.org.cn: Chinese President Xi Jinping has emphasized that in a world of economic globalization, only by upholding openness and cooperation in global industrial and supply chains can win-win development be achieved. Rapid reconstruction of global industrial and supply chains The world today is undergoing major changes unseen in a century.
* Bitcoin speeds toward $100,000. * Yen gains after BOJ's Ueda says will scrutinise data up till Dec meeting. By Brigid Riley. The U.S. dollar paused its climb on Thursday as traders awaited more clarity on U.S. President-elect Donald Trump's proposed policies and sought to second-guess the prospects of less aggressive interest rate cuts from the Federal Reserve.
- Federal Reserve Bank of New York President John Williams sees inflation cooling and interest rates falling further, he told Barron's in an interview published on Thursday. Two percent is the inflation rate that can best balance the central bank's employment and price stability goals, Williams told Barron's.
* Cambodia plans controversial canal costing nearly 4% of GDP. * Cambodian govt has announced varying levels of Chinese support. * China expressed misgivings, put no money on table, sources say. * Chinese public investment in Cambodia is plunging, tourism down. * China says it has 'ironclad' friendship with Cambodia. By Francesco Guarascio.
The Indian rupee weakened to its all-time low on Thursday, pressured by likely foreign outflows from local stocks and renewed strength in the dollar as investors trimmed hopes of aggressive rate cuts by the U.S. Federal Reserve. The rupee declined to a low of 84.4225 in early trading and was last quoted at 84.4150 as of 09:30 a.m. IST, unchanged from its closing level in the previous session.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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