Tokyo's inflation accelerated to 2.6% in November, driven by rising food prices and the reduction of energy subsidies. Consumer prices excluding fresh food rose 2.2%, surpassing economists' expectations of 2%. Following the report, the yen strengthened against the dollar.
SAIC's sales heavily rely on the Wuling Mini EV and Bingo, with these models accounting for a significant portion of its overall sales. In contrast, competitors like Changan and Chery are experiencing growth by shifting their focus to higher-priced models, while Leapmotor is expanding its market presence through a joint venture with Stellantis.
Oil prices remained stable as traders awaited insights into OPEC+ production strategies following a four-day delay in a crucial meeting. West Texas Intermediate was below $69 a barrel, while Brent crude closed above $73. The group is set to decide on supply adjustments during the online gathering on December 5, weighing the option to either revive supplies or extend current production cuts into 2025 to prevent a market surplus.
Raiffeisen Bank is currently trading at €17.4, showing a neutral short-term technical analysis with a 2.35% increase above the 50-day moving average. Despite challenges in Russia and Belarus, the bank reported a consolidated profit of €1.324 billion in the first half of 2024, with a strong dividend yield of 7.24%, outperforming the industry average. Investor sentiment has fluctuated, with recent discussions on social media reflecting both positive and negative opinions.
00:26 29.11.2024
Loan defaults among microfinance borrowers accelerated in October, with the portfolio at risk rising 130 basis points to 17.5%. The share of loans overdue for more than 90 days increased to 12.2%, while states like Bihar, Tamil Nadu, and Uttar Pradesh accounted for 48% of the MFI market share.
00:23 29.11.2024
TS Lombard has outlined strategies for 'tariff-hedging' European portfolios, emphasizing the importance of navigating the complexities of trade policies and tariffs. Investors are advised to consider various financial instruments and market conditions to mitigate risks associated with tariff fluctuations.
Seven global stocks have been identified as top picks to buy before the year-end, according to expert recommendations. Investors are encouraged to consider these stocks for potential growth as the year concludes.
UBS has faced criticism for its lack of transparency regarding its historical ties to slavery, despite evidence linking its predecessor institutions to the slave trade. Swiss historian Hans Fässler has urged UBS to acknowledge its colonial past, but the bank has dismissed these claims, citing a lack of evidence. Many company archives remain closed, hindering further research into the extent of Swiss financial institutions' involvement in slavery.
00:05 29.11.2024
China will begin restricting tungsten exports on December 1, as demand for non-China sources rises amid U.S.-China tensions. While the U.S. has increased tariffs on Chinese tungsten, projects in South Korea and the U.S. are set to boost production, potentially stabilizing prices in the future.
Macquarie Group Ltd. is shifting its investment focus from China to Japan and India, driven by increasing regulatory risks in Greater China. Verena Lim, the firm's Asia CEO, highlighted that while current geopolitical and macroeconomic uncertainties make other Asian markets more appealing, the situation could change rapidly.
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