China's Inaction Deepens Peril for Struggling Property Stocks
A gauge of developers' shares notched its biggest weekly drop in four months after a key meeting on Tuesday failed to yield any concrete measures to revive the industry. Property sales are likely to remain weak in the third quarter, with better-than-expected economic growth data undermining the case for stimulus in the near term, according to Morgan Stanley.
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Matthews China Fund's Strategic Moves: A Closer Look at BYD Co Ltd
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Wall Street Journal
10 minutes ago
- Wall Street Journal
Global Markets Mixed; Treasury Yields Fall as Expectations for Interest-Rate Cut Mount
Stock markets broadly fell back Thursday after recent gains. U.S. stock futures were flat to marginally down, Asian markets closed lower but European bourses eked out small gains. Treasury yields fell to their lowest level in a week as investors increasingly bet that the Federal Reserve will cut interest rates in September which is also putting pressure on the dollar.
Bloomberg
10 minutes ago
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Li Ka-shing's CK Hutchison Profit Slumps as Port Sale Drags
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