[ad_1] South Korea’s gross domestic product grows 0.9% in second quarter South Korea’s gross domestic product grew 0.9% year-on-year in the second quarter of 2023, according to advance estimates. This was unchanged from the 0.9% seen in the first quarter, and beat the 0.8% estimate by economists polled by Reuters. On a quarter to quarter … Read more
[ad_1] Ayhan Altun | Moment Open | Getty Images Turkey’s monthly inflation rate for June came in lower than expected, despite the continued collapse of the lira currency following the re-election of President Recep Tayyip Erdogan. Turkey’s consumer price index rose 3.92% month-on-month, official data showed Wednesday. The reading was lower than Reuters’ forecast of 4.84% … Read more
[ad_1] Pedestrians in front of a pawn shop during Golden Week at night in Macau, China, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near … Read more
[ad_1] Imaginima | E+ | Getty Images Oil prices jumped following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the Petroleum Exporting Countries and its partners (known as OPEC+) made no changes to its planned oil production cuts for the rest of the year. … Read more
[ad_1] CNBC Pro: Parts of the market are getting pricey. But analysts like these 4 cheap stocks Markets have rallied this year despite economic uncertainty in the United States. Some parts of the markets are expensive right now, but analysts say some sectors are still cheap. They name four stocks that are still cheap to … Read more
[ad_1] CNBC Pro: How much of A.I. is just hype? A bull and a bear share their tips on how to invest Artificial intelligence has taken the investing world by storm since early this year — thanks largely to the emergence of ChatGPT, which triggered a wave of buying into AI-related stocks. Is it here … Read more
[ad_1] Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in front of a screen displaying the ARM Holdings logo during a news conference in Tokyo on July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images The U.K. may be a great place to build a tech company — but … Read more
[ad_1] Nikkei reports Bank of Japan started discussion to change forward guidance Bank of Japan officials have started planning a “broad policy review” including discussions of a change to its forward guidance, Nikkei reported. The report added while the talks ,include deferring a decision on YCC tweaks, there is a possibility of a follow-through taking … Read more
[ad_1] Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Oil prices surged as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day. Brent crude futures last jumped 5.1% to … Read more
[ad_1] Bondi Beach in Sydney, Australia Brook Attakorn | Moment | Getty Images Asia-Pacific markets were higher on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing. In Australia, the S&P/ASX 200 rose 1.11%. Japan’s Nikkei 225 was up 0.3%, while the Topix saw a larger gain of 0.57% in … Read more