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I think what is clear is growth is slowing and this is hurting these companies notjust on the revenue front but the profitability front which i think is front and centre for markets. we were talking about meta layoffs and other big companies, also the collapse of the silicon valley bank. do you think that maybe this is finally, the pay might be over in the next quarter? the pain might be over. nothing i m seeing in the data is really suggesting that. again, wejust heard from a handful of tech companies in the last week or so. they re pointing to weakening fundamental trends. you have seen this consistently slow down in these companies and you alluded to this. these companies has spent the better part of the last few years opening of a business lines, opening up facilities, hiring people, and they can t cut costs fast enough to the slowdown in growth we are seeing right now so there is no reason either in the micro or macro data we have seen suggested ....
Wang Chunying, spokesperson of the State Administration of Foreign Exchange, said at the press conference of the State Council Information Office on April 21 that the exchange rate of the RMB against the US dollar had appreciated by 1% as of April 20 compared with the end of the previous year. ....
OPEC's share of India's oil imports fell at the fastest pace in 2022-2023 to the lowest level in at least 22 years as imports of cheap Russian oil surged, industry data shows. ....
Global asset management giant UBS has turned bullish on the yen as the Bank of Japan's (BOJ) April monetary policy meeting looms, betting that the Bank of Japan will consider tweaking its ultra-loose monetary policy stance in the coming months. ....