China’s government has approved a joint venture led by BlackRock, the world’s largest asset manager, to open a wealth...
Tag Archive for: may 18 2021
CHINA’S APRIL RETAIL SALES DISAPPOINT
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 0Although retail sales in China grew 17.7 percent year-over-year in April, the volume still disappointed analysts polled by Reuters,...
CHINESE INFLATION RATE HIGHEST IN THREE YEARS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 0China’s Producer Price Index (PPI) – the cost of raw materials going into, and of goods coming out of,...
MÖET HENNESSY PREDICTS SURGE IN SPIRITS MARKET
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 0The world of spirits will see a “post-COVID renaissance,” according to Möet Hennessy, the French producer of cognacs and...
TOYOTA RECONFIRMS COMMITMENT TO HYBRID VEHICLES
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 0In 2030, more than half of new Toyota vehicles sold in the U.S. will be hybrids, 30 percent will...
EVs CHEAPER IN EUROPE THAN GAS-FUELED CARS BY 2027, STUDY SAYS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 1All-electric passenger cars will be cheaper to build in Europe by 2027 than cars running on fossil fuels if...
AUTOMAKERS URGED TO DEVELOP COBALT SUPPLIES
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 0Because China is rushing to tie up global supplies of cobalt, an essential mineral in making electric car batteries,...
TAIWAN STOCK INDEX TANKS ON FEARS OF INFLATION & INFECTION
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 2Taiwan’s tech-heavy TAIEX stock index fell 8.55 percent on 12 May, its worst one-day drop since 1969, according to...
OIL PRODUCTION PREDICTED TO REMAIN WEAK THIS YEAR
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 18 2021, 1Despite the world’s gradual economic recovery and oil production rising elsewhere, U.S. oil production will likely decline again this...
Blocks and bottlenecks in shipping systems have combined with consumers’ craving for electronics during the global shutdown to create...
After beginning a brisk economic rebound following last year’s draconian lockdown, India’s economy has crumbled back into a second...
Financially troubled companies are selling junk bonds at a record clip, the Wall Street Journal reported, with money pouring...
MEXICAN RETAILER BUYS U.S. WAREHOUSE GROCERY CHAIN
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 18 2021, 1Bodega Latina Corp., a subsidiary of Mexican retailer Grupo Comercial Chedraui, is buying 250-store Smart & Final, a California-based...
BlackRock, the world's richest asset management company, is paying more than $1 billion to buy 66 multifamily affordable housing...
JOB SLASHING: GOING DIGITAL AND GOING ROBOTICS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 18 2021, 4U.S. banks will cast off about 10 percent of the industry’s workforce, or about 200,000 jobs, through 2030, Wells...
CORPORATIONS TO RETURN TO BUYING THEIR OWN STOCK
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 18 2021, 3Flush with cash after a strong earnings season and confident in the economy's upward arc, corporations are preparing to...
MORTGAGE MARKET POISED TO SLOW, INSIDERS SAY
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 18 2021, 0Home buyers are no less eager to buy houses but the mortgage industry likely will be less able to...
ALMOST 25% OF U.S. ADULTS WORSE OFF IN 2020
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 18 2021, 6Nearly one-quarter of U.S. adults lost ground financially in 2020, the largest proportion since the annual survey began in...
APRIL RETAIL SALES SUSTAIN MARCH’S GAIN
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 18 2021, 2After increasing 10.7 percent in March from February, retail sales were flat in April, holding March’s gains, although just...