Asia stocks inch up tracking Wall Street, spotlight on key US inflation data
Investing.com– Most Asian stocks edged higher on Wednesday tracking overnight rise on Wall Street, but gains were limited as investors remained cautious ahead of key U.S. inflation data, particularly in light of the Federal Reserve’s hawkish stance in December. U.S. stock
Country Garden overdue results show steep losses amid sector’s sales slump
By Clare Jim HONG KONG (Reuters) -Country Garden, once China’s biggest developer and now facing a liquidation lawsuit, reported steep losses on Tuesday in its long-overdue 2023 and interim 2024 financial results, hurt by large provisions amid a prolonged property sector
TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline
By David Shepardson and Jasper Ward (Reuters) – TikTok plans to keep paying U.S. employees even if the Supreme Court does not overturn a law that would force the sale of the short-video app in the U.S. or ban it, the
Euro zone households could increase consumption, ECB chief economist says
(Reuters) – Euro zone households are likely to reduce their savings this year and consume more of their disposable income, though this shift is still likely to be modest, European Central Bank chief economist Philip Lane said on Wednesday. Improved real