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Banking & Finance
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Asia
China’s industrial profits top $814 billion in Jan-Oct
Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month Â
Banking & Finance
Fed to keep interest rates unchanged in December, says Nomura
Other global brokerages, including Goldman Sachs and J.P.Morgan, anticipate a 25 bps cut from the central bank next month
Banking & Finance
Fed’s Powell says no need to hurry in lowering interest rates amid stronger U.S. economy
Economy's recent performance has been 'remarkably good, by far the best of any major economy in the world'.
Banking & Finance
Fed’s Powell signals cautious approach to future interest rate cuts
Powell said the results of Tuesday's presidential election would have no 'near-term' impact on U.S. monetary policy
Asia
China central bank doesn’t buy gold for 6th straight month
Central bank buying slowed in but demand remained robust at 186 tons
Banking & Finance
European Union allocates $30.6 billion for climate finance in 2023, secures additional $7.7 billion in private investment
Figures released ahead of COP29, taking place November 11 to 22 in Baku, AzerbaijanÂ
Energy
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Asia
China’s privately offered funds hit $2.76 trillion by end-September
Equity investment funds, valued at 10.89 trillion yuan, were the largest category
Energy
U.S. transportation department allocates $196 million for natural gas pipes modernization
Law authorized around a $1 billion investment over five years to modernize natural gas distribution pipes across the U.S
Asia
China reveals world’s largest floating offshore wind turbine, generating 62 million kWh annually for 37,000 homes
This turbine has a 260-meter diameter wind wheel and a sweeping area of 53,100 square meters
Energy
Tropical Storm Helen halts 24 percent of oil production in Gulf of Mexico
The U.S. Gulf of Mexico accounts for around 15 percent of total domestic oil production and 2 percent of natural gas production
Asia
Russia remains one of leading energy market players despite challenges, says Putin
Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent
Asia
Indonesia targets 23 percent renewable energy share in total energy mix by 2025
This target encompasses a range of renewable sources, such as solar, wind, bioenergy, hydropower, and geothermal energyÂ
Health
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Asia
South Korea invests $3.7 billion to revamp medical education by 2030
Starting in 2025, 1,000 full-time faculty will be added at state medical schools by 2027, including 330 next yearÂ
Asia
Japan’s ongoing efforts to implement four-day workweek to attract, retain workers
The country is grappling with a labor shortage exacerbated by a declining birthrate
Features
The weight loss market in 2024: three key questions we can no longer ignore
Unlocking the $100 billion weight loss market opportunity
Health
Workplace wellness: 5 tips for a healthier office environment
Enhancing employee well-being improves organizational performance
Features
Navigating the impact of social media on kids’ mental health and well-beingÂ
Middle East home to some of the highest engagement with apps Â
Features
The convergence of biosciences and computation
 The Global Effort in Accelerating the 5th Industrial Revolution
Industry
See Articles
Asia
China’s industrial profits top $814 billion in Jan-Oct
Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month Â
Asia
China’s privately offered funds hit $2.76 trillion by end-September
Equity investment funds, valued at 10.89 trillion yuan, were the largest category
Economy
South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nationsÂ
The deal stipulates that Korea will allocate $905 million from the fund for the construction of the initial segment of the Laguna Lake Road NetworkÂ
Economy
U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge
This deficit reached 3.7 percent of GDP, the highest since Q2 2022, up from 3.4 percent in Q1
Asia
China’s industrial output sees $6.4 billion export growth in August 2024
The industrial output, a key economic indicator, increased by 4.5 percent YoY in August
Banking & Finance
EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure
New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components
Logistics
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Asia
China’s industrial profits top $814 billion in Jan-Oct
Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month Â
Asia
China’s foreign trade grows 4.6 percent YoY in October, reaching $5 trillion in ten months
Exports amounted to $2.93 trillion, up 5.1 percent YoY, and imports totaled $2.14 trillionÂ
Asia
China’s privately offered funds hit $2.76 trillion by end-September
Equity investment funds, valued at 10.89 trillion yuan, were the largest category
Asia
Japan exports fall for first time in 10 months in September, trade deficit reaches $1.97 billion
Soft demand in China and slowing U.S. growth weighed on Japan's exports
Economy
South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nationsÂ
The deal stipulates that Korea will allocate $905 million from the fund for the construction of the initial segment of the Laguna Lake Road NetworkÂ
Asia
China’s international trade reaches $585.2 billion in August, 4 percent YoY growth
The nation's exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion
Markets
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Asia
India dominates global IPO landscape with over 220 deals worth $12.2 billion: Report
The U.S. came in second with 133 deals of $23.1 billion while China ranked third with 69 transactions worth $5.3 billion
Economy
U.S. market reactions to CPI results signal strong Fed rate cut expectations amid mixed economic signals
CPI showed annual inflation fell by 0.4 points to a lower-than-expected 2.5 percent
Markets
U.S. recession fears diminish as stocks continue to recover globally, Nasdaq up 2.87 percent
Japan's broader Topix index also witnessed a 0.88 percent rise to 2,483.30 while the Nikkei 225 index inched up 0.56 percent to 35,025
Banking & Finance
Meta raises $10.5 billion in debt offering to supercharge AI investments, outpace competition
Analysts projected Meta's 2024 capex at $35-40 billion, but the company raised the minimum to $37 million
Markets
U.S. stocks dip amid weak 10-year Treasury demand, Nasdaq down 1.05 percent
The S&P 500 technology index declined 1.36 percent, marking the previous session's largest decline
Asia
Japanese stocks rebound after biggest slip since 1987 Black Monday, Nikkei up 10.23 percent
From July 11 to Monday's crash, the Nikkei index lost $792 billion off its peak market value
Miscellaneous
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Economy
U.S. hosts record 1.12 million international students, adding $50 billion to economy in 2023/2024
Despite competition from the U.K., Canada, and Australia, the U.S. remains the top choice for international students
Miscellaneous
NASA launches largest-ever spacecraft to Jupiter’s moon in lookout for habitable ocean world
Spacecraft spans 30.5 meters from end to end and weighs about 5,900 kilograms
Miscellaneous
Elon Musk reveals plans for five uncrewed Mars missions
Musk has often revised Starship timelines, claiming uncrewed Mars landings in five years and human landings in sevenÂ
Asia
Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992
This trend is attributed to heightened foreign investment spurred by the weak yenÂ
Asia
South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management
The two entities pledged to identify innovative projects in space life sciences and deep space antennas
Asia
World Bank commits over $2 billion to support Bangladesh’s reforms
The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025
Real Estate
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Europe
U.K. house prices rise 3.9 percent to record high in October
London continues to have the most expensive house prices in the U.K., now averaging £543,308
Real Estate
U.S. existing home sales fall to 14-year low in September 2024
30-year fixed-rate mortgage averaged 6.44 percent as of October 17, up from 6.32 percent one week ago
Economy
U.S. home prices rise slightly in July 2024 amid slowing momentum, improving supply conditions
Mortgage rates drop to 4.75 percent to 5.00 percent range as housing affordability improves
Asia
Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992
This trend is attributed to heightened foreign investment spurred by the weak yenÂ
Real Estate
Canada home sales rise 1.3 percent to seven-month high in August
New listings posted a 1.1 percent month-on-month increase in August
Economy
U.K. housing market shifts positively as surveyors report first price balance in nearly two years
Expected sales for the next three months reached their highest level since January 2020, before the COVID-19 pandemicÂ
Telecom
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Asia
China’s telecom sector sees 3 percent YoY growth, generating $145.4 billion in revenue in Jan-July
$36.3 billion in cloud and big data revenue drives the industry
Features
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