Author: admin
Everyone is waiting for rate cuts. But the Federal Reserve has already taken its biggest policy step. If another liquidity squeeze similar to 2019 happens, your money-market fund will be the first domino. The Fed ended quantitative tightening on December 1. It’s time to take a closer look at where your cash sits — not because conditions are healthy, but because the liquidity “pipes” are clogged, and someone has finally smelled the gas leak. Quantitative tightening meant the Fed was shrinking its balance sheet by allowing bonds to mature without replacing them. Launched in 2022 to drain the…
A fireworks shop owner in Hunan province died from drinking pesticide after publicly reporting officials for disciplinary violations, Chinese media reported.The owner, surnamed Peng, had recently published a video of himself drinking the substance, local authorities in Chenzhou, Hunan province, said in a notice on Monday.A local task force was investigating the matter to ascertain if the allegations were true and would “deal with the incident according to laws and regulations without mercy”, the statement said.Peng died on Tuesday, according to Jiupai News, a Hubei-based official media outlet, which quoted a friend of Peng’s.A person affiliated with Chenzhou No 1…
After selling a HK$319 million (US$41 million) luxury home in Hong Kong’s affluent Southern district, a former finance executive has rented a 4,715 sq ft house at The Peak, the city’s most exclusive neighbourhood, for HK$525,000 a month, official records show.Lawrence Lam Yuk-kun was identified as the former owner of a house in Deep Water Bay and the new tenant of a property on Gough Hill Road at The Peak.Lam is an independent non-executive director at Sany Heavy Industry, China’s largest construction machinery maker, which completed its initial public offering in Hong Kong in October.House 3 at 39 Deep Water…
Elon Musk says he aspires to transform his social media platform X into “WeChat++”, akin to Tencent Holdings’ flagship super app, by integrating various social and finance features.On a recent People by WTF podcast hosted by entrepreneur Nikhil Kamath, Musk cited the extensive utility of WeChat as a model for X – previously known as Twitter, which he bought for US$44 billion in October 2022.“You can exchange information, you can publish information, you can exchange money,” Musk said, emphasising how users “live their life on WeChat in China” while noting that there was no equivalent app elsewhere in the world.“There’s…
More than 1,400 people have been killed across South and Southeast Asia in a week of catastrophic floods, exposing how rising global temperatures are amplifying extreme weather, even as international negotiations to phase out fossil fuels stall.Successive storms, cyclones and relentless rains have triggered catastrophic flash floods and landslides in Indonesia, Sri Lanka, Thailand, Vietnam and Malaysia, overwhelming local authorities already operating at the limits of their capacity.While monsoon rains are a seasonal fixture, climate scientists warn that the recent onslaught coincides with a potent “Indian Ocean Dipole”: a climate pattern that can vastly amplify rainfall across Asia by warming…
Global business sentiment towards China improved in the third quarter of 2025, led by a sharp rebound among US companies, but growing concerns in Japan over tensions with Beijing over Taiwan are dragging on the overall outlook, according to a Morgan Stanley report.The US investment bank’s AlphaWise Global MNC China Sentiment Index rose three points to 31, placing sentiment in the “slightly positive” range and signalling a gradual recovery in confidence towards operating and expanding in China.The quarterly survey, published on Tuesday, analysed earnings-call transcripts from 396 multinational firms using artificial intelligence, drawing on 1,241 qualified data points related to…
Global business sentiment towards China improved in the third quarter of 2025, led by a sharp rebound among US companies, but growing concerns in Japan over tensions with Beijing over Taiwan are dragging on the overall outlook, according to a Morgan Stanley report.The US investment bank’s AlphaWise Global MNC China Sentiment Index rose three points to 31, placing sentiment in the “slightly positive” range and signalling a gradual recovery in confidence towards operating and expanding in China.The quarterly survey, published on Tuesday, analysed earnings-call transcripts from 396 multinational firms using artificial intelligence, drawing on 1,241 qualified data points related to…
The next boost for Chinese stocks will come from earnings growth after this year’s rally was driven by investors’ willingness to accept higher valuations, according to Bank of America (BofA) Global Research.“In 2025, we saw continued global market rally, and a lot of it was driven by multiples expansion, meaning the stocks are getting more expensive rather than earnings improvement,” said Winnie Wu, head of Asia-Pacific equity strategy and co-head of China equity strategist at BofA Global Research, on Tuesday.China had ridden the same wave, she added, helped by abundant liquidity and a sharp turnaround in perceptions about the country’s…
The next boost for Chinese stocks will come from earnings growth after this year’s rally was driven by investors’ willingness to accept higher valuations, according to Bank of America (BofA) Global Research.“In 2025, we saw continued global market rally, and a lot of it was driven by multiples expansion, meaning the stocks are getting more expensive rather than earnings improvement,” said Winnie Wu, head of Asia-Pacific equity strategy and co-head of China equity strategist at BofA Global Research, on Tuesday.China had ridden the same wave, she added, helped by abundant liquidity and a sharp turnaround in perceptions about the country’s…
Thailand and Cambodia took their renewed border dispute to a United Nations forum on landmine prohibition in Geneva this week, each vying for international support as their ties continued to unravel.Both governments used the meeting of the Anti-Personnel Mine Ban Convention, also known as the Ottawa Convention, to appeal to the international community.Cambodian Senior Minister Ly Thuch met International Committee of the Red Cross vice-president Gilles Carbonnier on the sidelines of the week-long gathering, which runs from Monday to Friday.He reportedly urged the organisation to closely monitor the condition of 18 Cambodian soldiers detained by Thai authorities, called for their…