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Month: December 2024

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China to lower dollar, euro and yen weightings in CFETS yuan basket in 2025
Posted inEconomy

China to lower dollar, euro and yen weightings in CFETS yuan basket in 2025

SHANGHAI (Reuters) – China will adjust the weightings of its yuan CFETS basket in 2025, the country’s foreign exchange trade platform said on Tuesday. From Jan. 1, the China Foreign…
Posted by December 31, 2024
Chinese manufacturing, Bitcoin’s monthly fall, Gold gains – what’s moving markets
Posted inEconomy

Chinese manufacturing, Bitcoin’s monthly fall, Gold gains – what’s moving markets

Investing.com — Wall Street is seen trading slightly lower Tuesday, the last trading day of what has been a positive year on Wall Street. China’s manufacturing sector grew at a…
Posted by December 31, 2024
Alibaba’s cloud unit announces big price cuts on large-language models
Posted inStock

Alibaba’s cloud unit announces big price cuts on large-language models

BEIJING (Reuters) – Alibaba (NYSE:BABA)’s cloud unit said on Tuesday it was cutting prices by up to 85% on its large language models. This post appeared first on investing.com
Posted by December 31, 2024
Empty desks and tears mark five colleagues killed in South Korean plane crash
Posted inStock

Empty desks and tears mark five colleagues killed in South Korean plane crash

By Ju-min Park and Dogyun Kim MUAN COUNTY, South Korea (Reuters) – Empty desks and a calendar marking days off after Christmas sit in a South Korean office where five…
Posted by December 31, 2024
Taiwan stocks lower at close of trade; Taiwan Weighted down 0.37%
Posted inStock

Taiwan stocks lower at close of trade; Taiwan Weighted down 0.37%

Investing.com – Taiwan stocks were lower after the close on Tuesday, as losses in the , Plastic and Chemical sectors led shares lower. At the close in Taiwan, the Taiwan…
Posted by December 31, 2024
Kenya’s inflation inches up in December, stats office says
Posted inEconomy

Kenya’s inflation inches up in December, stats office says

(Reuters) -Kenya’s consumer price inflation inched up to 3.0% year-on-year in December, up from 2.8% a month earlier, the statistics office said on Tuesday. On a monthly basis, inflation was…
Posted by December 31, 2024
South Korea’s acting president calls for national harmony and unity
Posted inEconomy

South Korea’s acting president calls for national harmony and unity

SEOUL (Reuters) – South Korean Acting President Choi Sang-mok called for national harmony and unity and for trust in the government in a New Year’s address on Tuesday, amid an…
Posted by December 31, 2024
China’s Xi expects 2024 GDP growth of around 5%, state media says
Posted inEconomy

China’s Xi expects 2024 GDP growth of around 5%, state media says

BEIJING (Reuters) – China’s gross domestic product is expected to grow by around 5% in 2024, President Xi Jinping said on Tuesday, state media reported. This post appeared first on…
Posted by December 31, 2024
Asia stocks drop amid thin trading, China’s slower manufacturing expansion weighs
Posted inStock

Asia stocks drop amid thin trading, China’s slower manufacturing expansion weighs

Investing.com– Asian stocks were largely subdued on Tuesday tracking overnight losses on Wall Street amid thin trading volumes at year-end, while investors assessed the Chinese manufacturing activity data. Trading volumes…
Posted by December 31, 2024
Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
Posted inEconomy

Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand

By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and coffee are poised to close 2024 as the biggest gainers among commodities for a second year on a global…
Posted by December 31, 2024

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