Finance

China’s economic landscape is marred by a persistent slowdown in consumer spending, a phenomenon strongly linked to the ongoing turmoil in the real estate sector. As the country grapples with the repercussions of an unprecedented real estate slump, the ramifications for local government finances and overall economic health are becoming increasingly apparent. This article delves
0 Comments
Recent data from the National Bureau of Statistics (NBS) revealed a concerning trend in China’s economic performance for August 2023. Both retail sales and industrial production growth have lagged behind projections, signaling a potential downturn in the nation’s recovery trajectory following the COVID-19 pandemic. Despite a year-over-year retail sales increase of only 2.1%, economists had
0 Comments
In the wake of economic uncertainty, China’s government has unveiled a significant plan to stimulate consumption via a trade-in policy aimed at upgrading consumer products and equipment. Announced in July, this initiative is underpinned by the allocation of 300 billion yuan (approximately $41.5 billion) in ultra-long special government bonds. This article dissects the measures, explores
0 Comments
Dutch challenger bank Bunq recently announced its plans to grow its global headcount by 70% this year, aiming to reach over 700 employees. This move comes at a time when many financial technology startups are cutting jobs due to the challenging operating environment. Bunq’s expansion plans include entering new regions like the U.K. and the
0 Comments
The proposed changes to U.S. banking regulations by a top Federal Reserve official have stirred up discussions in the financial sector. Originally, the Basel Endgame was set to increase capital requirements for the world’s largest banks by 19%. However, following feedback from various stakeholders, including banks, business groups, and lawmakers, the proposed increase has been
0 Comments
The recent news of JPMorgan Chase shares falling 5% has created concern among investors after the bank’s president expressed that expectations for net interest income (NII) and expenses in 2025 were too optimistic. This news has caused shares of the New York-based bank to drop more than 7% in a single session, marking the worst
0 Comments