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2 mins read

The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says

"Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of lev…

Aruni Soni   


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China's GDP rose 5.3% in the first quarter, but it doesn't mean the economic pain is over

March retail sales and industrial output fell short of forecasts. First-quarter new home sales slum…

Huileng Tan   


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2 mins read

Chinese retail giants tried to juice spending with iPhone and Lululemon discounts in an annual shopping bonanza

618 is seen as a key indicator of China's general retail temperature — and early results were…

Shubhangi Goel   


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9 mins read

Japan's historic economic comeback shows just how screwed China is right now

China is facing the same kind of economic collapse that hit Japan in the 1990s. But it might get ev…

Linette Lopez   


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2 mins read

Fitch raises India's growth estimates for FY 25 to 7.2%

Investment will continue to rise but more slowly than in recent quarters, while consumer sp…

PTI   


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7 mins read

America's plan to fix its economy is going to screw over the rest of the world

There's a growing gap between America's interest rates and the rest of the world. That's going to c…

Linette Lopez   


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3 mins read

China's economic turmoil won't stop its manufacturing dominance

The flight of foreign investment poses a risk to China's dominance, but trade rivals like Mexico an…

Phil Rosen   


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4 mins read

China's gold rush shows the Chinese still have money to spend they're just not into Starbucks or Gucci

Chinese consumers are holding back on discretionary purchases as its economy faces multiple headwin…

Huileng Tan   


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1 min read

Corporate earnings and economic growth are diverging. That's great news for stocks.

The ultra-rare scenario of slowing economic growth and rising corporate profits has been seen just …

Matthew Fox   


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1 min read

The stock market could still face a 10% correction even as the Fed nails a perfect 'no landing' economic recovery, market vet says

"The US economy is still flying high. That's because consumers didn't get the recession memo," Ed Y…

Matthew Fox   


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3 mins read

Investors' wealth soars ₹28.65 lakh crore in three days of market recovery after rout

Investors' wealth has soared by ₹28.65 lakh crore in the three-day rally to Friday in the stock m…

PTI   


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2 mins read

Growth in India set to get more broad-based, says Morgan Stanley; pegged 6.8% for 2024

Growth in India, which already is strong and surging, may become more broad-based across both on th…

ANI   


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7 mins read

Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.

The success of over 100 local GBI pilots in the US provides insight into future state-level policy.

Allie Kelly   


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4 mins read

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years

In a statement on Wednesday, the US-based agency said India's rating can be upgraded in the nex…

PTI   


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2 mins read

The US Treasury will reportedly send officials to China to smooth out economic tensions between the superpowers

The two days of talks will cover a range of market and business practices that have caused friction…

Yuheng Zhan   


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3 mins read

Chinese shoppers are buying less than they used to but they're spending on experiences

China's property market was still struggling as April new-home prices fell at their fastest pace in…

Huileng Tan   


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1 min read

The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says

Office loan delinquency will be higher than previously forecast in 2024 and 2025, Fitch Ratings wro…

Filip De Mott   


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2 mins read

India rises to rank 39th on WEF's Travel & Tourism Development Index 2024, becomes highest ranked South Asian nation

India's rank on the World Economic Forum's Travel & Tourism Development Index 2024 has risen to 39t…

PTI   


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3 mins read

Worldwide tourism and its contribution to global GDP to return to pre-COVID levels this year: WEF study

International tourist arrivals and the travel and tourism sector's contribution to global GDP are e…

ANI