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KUALA LUMPUR, Jan 4 ― The property sector stood out in 2023 as the second-best performing sector on Bursa Malaysia, with the Kuala Lumpur Property Index (KLPRP) recording an...
Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with most agricultural products expected to outperform energy and industrial metals in the New Year amid supply constraints and dry weather. Cocoa prices rose 72% to multi-decade highs because of constrained supplies and iron ore was up nearly 55% as China looked to shore up its property sector.
Given the US bubble economy, a rising fiscal deficit and foolish behaviour of markets, the Federal Reserve faces a tough balancing act. It has already had to walk back some dovish statements, and further policy mistakes risk damage to the entire global economy.
(Bloomberg) -- China’s biggest state-owned banks are slashing deposit rates again, fueling expectations this will create more wiggle room for the central bank to cut lending rates early next year. Most Read from BloombergHyperloop One to Shut Down After Failing to Reinvent TransitHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltVilified Zero-Day Options Blamed by Traders for S&P DeclineGiuliani Files for Bankruptcy After $148 Million Defamation LossUS Inflation Report to Show Fed’s Ba
Since the COVID-19 pandemic, China has been reeling from the worsening real estate crisis, which has spilled over to the nation's banking sector. The crisis began with Chinese real estate developer Evergrande Group filing for bankruptcy in August, triggering a property crisis in the second-largest economy worldwide. What Happened? China's property woes began when Evergrande Group, the world's most indebted property developer, defaulted on its interest obligations of $260 million on dollar-denomi