Growing unease concerning China’s economic future has led to investors rapidly withdrawing their stakes from Chinese stocks, marking one of the most significant capital outflows since the challenges the nation faced under its zero-COVID policy in 2022. Over the first half of August, almost US$3.7 billion was retracted, following a more significant setback in October […]
Related Posts
Shifting Expectations: Fed May Raise Rates Amid Economic Uncertainty
Investors are recalibrating their views on the Federal Reserve’s strategy as the US economy continues to wobble. Some now ponder whether a rate hike, rather than the anticipated cuts, is on the horizon. Fed Chair Jerome Powell has hinted that rate reductions starting in March are improbable, shifting market expectations away from cuts in the […]
Decoding Angola’s Energy Future at The 2023 Luanda Summit on Sustainable Development
The 2023 Energy Summit happens in Luanda on September 13 and 14. Global leaders convene for two dynamic days of talks and deals. Diamantino Pedro Azevedo, Angola’s Minister, guides the event. This summit works with local and African energy bodies. The meet focuses on urgent needs. These include green energy, slowing production, and community roles. […]
U.S. Manufacturing Activity Stagnates in September, Defying Expectations
The US manufacturing sector stagnated in September, with the ISM manufacturing index remaining at 47.2. This figure fell short of analysts’ predictions, who had anticipated an increase to 47.6. New orders in the manufacturing sector continued to contract, albeit at a slower pace. The index for new orders rose to 46.1, up 1.5 percentage points […]