economy slowdown

China's budget airline spread wings to cover more routes

The cost-cutting measures at corporate companies are creating more demand for budget airlines in China. A majority of business travellers are also preferring to fly by budget carriers. The four budget airlines are making profits in Chinese domestic aviation. The budget airlines account for seven percent of China's domestic air travel and is expected to grow over 100 percent in next five years.

Macau's GDP sinks 24% in Q3

Macau's GDP fell over 24 percent in the third quarter. The continuous drop in gambling revenues, which account for two-thirds of its economy, has been taking a toll on Macau for the past 17 months. Chinese government's campaign against corruption and drop in VIP visitors are major reasons from dwindling gambling volume at casinos.

Chinese buyers step back from US housing market

After witnessing peak level this year, the Chinese investments in the US property markets have suddenly changed the direction. The Chinese government's restrictions on capital outflows and devaluation of Yuan have become major hurdles for the dragon country's investments in the US housing sector. The economy slowdown and sluggish financial markets were prime reasons tha propelled Chinese investors to invest heavily in overseas markets mainly the US, London and Canada.

Japanese auto majors may post encouraging quarterly results

Japanese automobile majors Toyota, Nissan and Honda are upbeat on performance as surges in US sales and weaker Yen are adding to their profits. The market analysts are closely watching second quarter and third quarter results to ascertain future outlook for 2016. The US and China markets account for one-third of total sales of Japanese automobile majors.

China Resources to offload stake in Wal-Mart China for $525mn

China Resources is offloading its stake in Wal-Mart China operations. Wal-Mart has 21 stores across China. The 35 percent stake sale value is pegged at $525mn. Wal-Mart says the minority stake selling doesn't impact its operations in China.

World Bank sees global poverty to slip below 10% for first time

The poverty percentage in the world population is poised to drop below 10 percent in 2015 for the first time, forecasts World Bank, which has raised the benchmark of international poverty line to $1.90per day from $1.25 a day in 2005 after taking Purchasing Power Parity (PPP) into consideration.

Will China impose a punitive tax on forex trades?

A senior Chinese official in an official magazine China Finance suggest the Chinese government to impose punitive leve or Tobin tax on forex transactions in Yuan. This suggestion has been made to reduce trading in the Chinese currency thus arresting the fall in forex reserves. Chinese government is offloading huge amounts of US dollars to supprt the falling Yuan ever since its devaluation on 11 August.

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How Copper Fuels Infrastructure Development from Power Grids to Telecom

Copper's use in global infrastructure development is becoming increasingly critical, especially as emerging markets expand and industrialize. The metal, valued for its electrical conductivity, is now indispensable in energy grids, transportation networks, and telecommunications. As nations worldwide focus on upgrading infrastructure to meet the demands of modern economies and climate targets, copper demand is set to rise continually year over year.

A Busy October for H.I.G. Capital: Multi-Sector Investments Reflecting Market Agility

As global markets continue to present both challenges and opportunities, H.I.G. Capital, the Miami-based alternative investment powerhouse, has launched a series of strategic moves that underscore its agility and foresight. With $65 billion of capital under management, H.I.G. has long been known for its diverse investment approach. However, the firm's activities in October 2024 paint a picture of a company not just participating in market trends but actively shaping them.

The Surge in Copper Prices: Predictions and Market Reactions

The global copper market has been experiencing a significant surge in prices, driven by supply constraints and increasing demand. This trend has caught the attention of investors, industry analysts, and policymakers alike, as copper is needed in various sectors, particularly in the growing fields of renewable energy and electric vehicles. Here are some of the key factors behind the price surge, market reactions, and future predictions for copper prices.

Beyond Wealth: Giving Compass for Business Simplifies Philanthropy for Financial Advisors

Giving Compass for Business, one of these innovations is gaining popularity since it provides a fresh method for incorporating generosity into wealth management.

Belgian Billionaire Shukhrat Ibragimov Puts Private Jet on Market for $46m

Shukhrat Ibragimov, the chairman of mining giant Eurasian Resources Group (ERG), has put his Dassault Falcon 8X up for sale for $46 million.

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IC Funded: Revolutionizing Prop Trading for Retail Traders

IC Markets has recently launched its proprietary trading platform, IC Funded, and it's already creating a buzz in the trading community. What started as a soft launch has now captured the attention of traders worldwide, highlighting a significant shift in how retail traders can access capital and participate in the markets.

Protecting Your Practice: The Importance of Professional Liability Insurance for Professionals

In today's complex and litigious business environment, professionals across various industries face numerous risks that could jeopardise their practice. From legal claims and client disputes to regulatory investigations, the potential threats are vast.

As Copper M&A Wars Escalate, Solaris Resources' Warintza Project Stands Out

The mining industry has been busy with mergers and acquisitions (M&A) activity in recent years, and 2024 has been one of the busiest. Major mining companies are all vying for a piece of the action in the promising copper sector. As the global push towards electrification and clean energy intensifies, the demand for copper—a critical component in electric vehicles, renewable energy systems, and infrastructure—is expected to soar. This has sparked even more interest from mining giants looking to secure their position for production.

Amin Makhlouf: Redefining Real Estate Transactions with Digital Innovation

In an industry often rooted in tradition, Amin Makhlouf brings a fresh perspective, combining youthful energy with groundbreaking ideas in real estate. As the founder of Makyee, he's transforming the way properties are bought and sold in Dubai, aiming to make these processes more accessible, efficient, and transparent.

Is Mr. Black Being Silenced by X in His Mission to Bring About the Messianic Age?

The enigmatic artist Mr. Black, known for his cryptic street art and ambitious 21,000-piece ordinal collection on the Bitcoin blockchain, claims that the Messianic Age will be revealed once the collection is fully minted. However, recent developments suggest that Mr. Black might be facing censorship on the social media platform X, formerly known as Twitter.

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