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China's industrial profits return to growth as conditions stabilise

BEIJING (Reuters) -China's industrial firms posted higher profits in the opening months of the year, official data showed on Wednesday, reinforcing signs that an economic recovery was gaining traction despite persistent sluggishness in the property sector. Profits at China's industrial firms jumped 10.2% in the first two months from a year earlier, National Bureau of Statistics (NBS) data showed, following a 2.3% profit decline for the whole of 2023. "After an upside surprise to...
Christopher Cushing Qiaoyi Li Zhou Maohua Sam Holmes China Everbright Bank National Bureau Of Statistics
Source: yahoo.com

Australia bank CEOs call for a fix to housing shortage

SYDNEY (Reuters) -Australia's housing shortage may be driving prices higher but is locking out first-time homeowners and migrants needed to fill skills shortages across the country, the CEOs of Australia's three largest banks said on Tuesday. After years of ultra-low interest rates pushed home prices higher, Australia faces a long-term drop in the number of younger people buying homes, which could mean more people retiring in weaker financial positions, according to a 2023 government ...
New South Wales Peter King Ross Mcewan Matt Comyn Himani Sarkar Christopher Cushing
Source: yahoo.com

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