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
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
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
‘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
Hong Kong movers: Stocks reopen and tech stocks drop as China reports Covid-related deaths Japanese trading houses rise as Berkshire Hathaway is reported to boost its stake Shares of some Japanese trading companies rose early in the Asian session, despite the decline in the region’s markets, after billionaire Warren Buffett’s Berkshire Hathaway boosted his stake … Read more
Arrows on the go: Verbund up and Fuchs down Austrian electricity supplier Verbond It remained the top climber among European stocks, up 8.2%. German lubricant manufacturer Fox The largest decline was recorded at 4.6%. The Stoxx 600 was generally bullish, led by retail stocks, which rose 2.2%. – Jenny Reed Stocks on the go: Verbund … Read more
Biden says it is “unlikely” that the missile that killed two people in Poland was launched from Russia US President Joe Biden said that An “unlikely” missile, which killed two people in Poland, was fired from RussiaCiting the trajectory of the missile. Asked by a reporter if the missile was launched from Russia, Biden said: … Read more
Primavera Capital says there is huge value in some Chinese tech stocks Fred Ho, founder and chairman of Primavera Capital, said stocks of large Chinese tech companies are “too low” and “cheap.” Hong Kong’s Hang Seng Tech is down more than 30% since the start of the year, although the index has rebounded in recent … Read more
The UK has experienced political and economic instability in recent months, but as the investment environment is undergoing a fundamental transition, investors see an opportunity. The composition of the FTSE 100 in the UK is very different from many of the major developed markets, in that it is largely oriented towards core consumer goods, financial … Read more
Stocks on the go: Adidas rises 20%, Leonardo drops 7% German sportswear brand Adidas jumped 20% to top the Stoxx 600 list in Friday afternoon deals after announcing a new collaboration following her split from artist Kanye West. On the other hand, shares of Italian aerospace and defense company Leonardo fell 7% after issuing full-year … Read more
