Goldman Sachs signals caution towards China’s stock market amid its downturn. Sharmin Mossavar-Rahmani of Goldman Sachs advised against investing in China during a Bloomberg interview. She underscored the investment risks, despite the market’s recent dips. Furthermore, Mossavar-Rahmani is concerned about China‘s economic future. She attributes her caution to challenges in real estate, infrastructure, and exports—China’s […]
Related Posts
How Biden’s executive order will impact the future of AI
Artificial intelligence (AI) is a powerful technology that can bring many benefits to society but also poses many challenges and risks. To ensure that the United States leads the way in seizing the opportunity and managing the risks of AI, President Biden issued a landmark executive order on October 30, 2023. The Biden administration is […]
Brazil’s Ibovespa Down as Global Market Awaits Fed Insights
Brazil’s Ibovespa dropped, echoing New York’s stock market downturn. Investors are awaiting the Federal Reserve’s minutes for clues on monetary policy. This anticipation affects market behaviors globally. The slight fall in the U.S. dollar against the Brazilian real also reflects this cautious sentiment. Key data releases in the U.S., including industry and labor statistics, are […]
President Petro declares the end of the conflict between insurgents and the state in Colombia
Colombian President Gustavo Petro announced the end of the conflict between the Colombian State and insurgents, warning of a shift in violence towards territorial and wealth control. This statement was made during the installation of the new 2023-2024 legislature in Congress, sparking opposition-led outcry. The president acknowledged a bilateral ceasefire with the National Liberation Army […]