Evergrande collapse means foreign investors in China face even greater uncertainty | Evergrande
As China’s most troubled and debt-laden real estate developer is ordered into liquidation, the impact of Evergrande’s bankruptcy on investors, debtors and hundreds of thousands of homebuyers who have made down payments on homes. It remains unclear. Chinese real estate developer Evergrande’s assets were worth just $275 million as of Monday, down 99% from its […]
Gold prices steady amid rate-cut uncertainty; Copper cools from China gains By Investing.com – Investing.com
©Reuters. Investing.com — Gold prices edged lower in Asian trading on Wednesday, holding on to the trading range set over the past week amid growing market uncertainty over a U.S. interest rate cut this year. Among industrial metals, prices edged lower after copper prices rose sharply earlier this week on growing optimism about China. Gold […]
Canada preparing for ‘uncertainty’ of possible Trump term, Trudeau says
Canadian Prime Minister Justin Trudeau said Tuesday that his government is preparing for the “uncertainty” that former President Trump's hypothetical second term would bring to Canada's alliance with the United States. Prime Minister Justin Trudeau's cabinet met at a retreat in Montreal to discuss and prepare a strategy for Trump's return to office in the […]
China vs. India? Where one Asia investment manager is buying in a world of uncertainty – CNBC
Shin Yao Ng of Abdon, a Singapore-based Asian equity investment manager, said China looks relatively attractive because Indian stocks are soaring. “I want you to look at the fundamentals: China has a lot of value,” he said in an interview Friday. “But we don't know how long we'll have to wait.” Until China's economy recovers, […]
Global economy ‘fraught with uncertainty,’ expected to slow: Davos survey
According to the World Economic Forum, the majority of economists believe economic activity will slow in 2024. Report released on Mondayciting the stresses of global conflict and long-term deflationary efforts. “The global economic outlook remains weak and fraught with uncertainty,” the report said. “While there have been positive developments such as easing inflationary pressures and […]
GameStop axes NFT marketplace, citing regulatory uncertainty – The Block – Crypto News
issued 1 minute ago upon GameStop has announced the closure of its NFT marketplace. In a statement posted on its website, the company cited “continued regulatory uncertainty in the cryptocurrency space” as the reason for the closure. The marketplace officially launched on Halloween 2022, focusing on gaming assets in partnership with ImmutableX, Ethereum's Layer 2 […]
Fed ‘likely’ done with rate hikes, concerned with ‘uncertainty’: minutes
Members of the Fed's key committees predicted a rate cut in 2024, but noted “an unusually high level of uncertainty” in considering next steps. According to the new minutes Contents of the December meeting announced Thursday. The committee voted to keep interest rates at the highest level in more than 20 years after its final […]
New uncertainty about the Trump disqualification question further weakens our democracy
As if we needed more uncertainty in the electoral process, consider these two very different decisions made last week regarding whether Donald Trump should be disqualified from running for president. In Maine, Democratic Secretary of State Shena Bellows told President Trump: be disqualified from running in that state's Republican primary election. Across the country, California […]