Asia stocks slump on global slowdown fears after Fed signals more rate hikes ahead

SINGAPORE – Asian stock markets slumped on Thursday amid heightened global slowdown fears after the US Federal Reserve signalled even more aggressive rate hikes ahead than investors had expected as it raised its key interest rate by a hefty 75 basis points for a third straight time. Notably, Fed chairman Jerome Powell in comments on Wednesday […]

Goldman slashes China’s 2023 growth forecast with Covid-zero strategy likely to stay

HONG KONG – Goldman Sachs cut its 2023 economic growth forecast for China sharply, predicting Beijing will stick to its stringent Covid-zero policies through at least the first half of next year. Gross domestic product (GDP) will probably increase 4.5 per cent in 2023, down from a previous projection of 5.3 per cent, Goldman’s economists […]

Winvest Group Announces DTC Eligibility

Reno City, NV, September 15, 2022 – (SEAPRWire) – Winvest Group Ltd. (OTCMKTS: WNLV) (“Winvest” or the “Company”), f/k/a Zyrox Mining International, Inc. (ZYRX), is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (“DTC”). DTC eligibility is expected to simplify the process […]

China’s inflation slowdown fuels calls for more policy stimulus

BEIJING – China’s consumer and producer inflation slowed in August as sporadic Covid-19 lockdowns suppressed spending and commodity prices fell, giving policymakers enough room to support the troubled economy if needed. The consumer price index (CPI) rose 2.5 per cent from a year earlier, the National Bureau of Statistics said on Friday, down from the 2.7 […]

China inflation slows more than expected as Covid-19 flares up

BEIJING – China’s consumer inflation unexpectedly moderated in August as sporadic Covid-19 lockdowns across the nation suppressed spending, while producer price growth slowed more than expected, giving policy makers enough room to support the troubled economy if needed. The consumer price index rose 2.5 per cent from a year earlier, the National Bureau of Statistics […]

SIA, Genting S’pore and Suntec likely winners as consumers switch from products to services: DBS

SINGAPORE – Investors looking to hedge against a potential change in spending patterns could consider switching up their buys from manufacturing towards the service sector, said DBS Bank in a report on Monday. Noting the weak Purchasing Managers’ Index seen in August, DBS researchers posited that this could be a sign that manufacturers were wary about weak […]