China Covid Relaxation, Hong Kong Stocks Rise

Indonesia’s GoTo has lost nearly 70% of its value since it went public in April Indonesia GoTo group – The combined entity of passenger transportation giant Gojek and e-commerce marketplace Tokopedia lost 68.5% of its stake Initial value 400 trillion rupees ($28 billion) Since its initial public offering in April. On Thursday, pre-IPO shareholders such … Read more

Oil production cuts are on the table before Russia sanctions

OPEC+, a group of 23 oil producing countries led by Saudi Arabia and Russia, will meet on Sunday to decide on the next phase of production policy. bloomberg | bloomberg | Getty Images Oil producers from the Organization of the Petroleum Exporting Countries and beyond may impose deeper cuts in oil production on Sunday, energy … Read more

South Korea inflation, US jobs report, COVID-19 in China

Singapore and New York ranked the most expensive cities to live in: EIU Singapore and New York were named as the most expensive cities to live in this year, according to Economic Information Unit (EIU). The average price of goods in 172 major cities globally has risen by 8.1% in local currency terms this year, … Read more

factory activity in China at the lowest reading since April; Asian markets are mixed

Bitcoin briefly surpasses $17,000 to its highest level since mid-November Bitcoin briefly surpassed $17,000 in the morning Asian session for the first time since mid-November. bitcoin It increased by 2.2% over the previous 24 hours, according to currency metrics It was last traded at $16,863.07 per coin. ether It also rose, up 4.74% in the … Read more

China’s security apparatus swings into action to stifle Covid protests

CNN – China Extensive security services quickly moved to choke Mass protests that swept the country, with police patrolling the streets, checking cellphones and even calling some protesters to warn them not to repeat it. In major cities on Monday and Tuesday, police flooded the sites of protests that took place over the weekend, when … Read more

China launches 3 astronauts to a new space station

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news of amazing discoveries, scientific advances, and more. CNN – Three astronauts blasted off to China’s nearing completion space station on Tuesday, marking the beginning of the country’s long-term presence in space. It’s a major achievement for China’s ambitious space program, which has … Read more

Hong Kong shares jumped more than 3% ahead of China’s Covid briefing

Pinpoint Asset Management expects a positive message to be delivered in the China Covid briefing China’s State Council is expected to send a positive message at the upcoming Covid press conference, but the announcement will not include a “milestone,” said Pinpoint Asset Management president Zhiwei Zhang. “I think the message will actually be positive… there … Read more

Hong Kong stocks led losses in Asia due to Chinese unrest, and oil is at a low in 2022

‘Not at all’ easy to shift production of Zhengzhou China’s latest Pro iPhone: Analyst Martin Yang, senior emerging technologies analyst at investment firm Oppenheimer, told CNBC that it is “not easy at all” to shift production of the latest Pro iPhones from the Zhengzhou factory as workers’ revolt against China’s no-Covid policy damages supply chains. … Read more

Berlin Adjusts to French ‘Buy Europe’ Plans as Global Trade Rules Erode – POLITICO

Click play to listen to this article expressed by artificial intelligence. BERLIN – With the threat of a new US support package that could hurt industry in the European Union, Germany is backing away from its longstanding objections to schemes such as France’s “European Purchase Act” that would make provisions for buying goods domestically. Berlin’s … Read more

Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more