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Xpeng Inc. reported a narrower third-quarter loss of 1.5 billion yuan, better than the expected 1.6 billion yuan deficit, as new EV models boosted sales. Revenue increased by 18.4% year-over-year to 10.1 billion yuan, surpassing analyst expectations of 9.9 billion yuan.
China"s initiative to enhance the financial health of local governments is diverting funds from infrastructure projects. For the first time, a portion of the 3.9 trillion yuan in new local government bonds will be allocated to repay 800 billion yuan of older hidden debt annually through 2028, limiting cash for public works.
In September 2024, iRhythm Technologies received regulatory approval in Japan for its Zio fourteen-day ECG monitoring system, aiming for reimbursement from the Ministry of Health. The electro-medical market is projected to grow at a CAGR of 6.4% from 2025 to 2030, driven by advancements in diagnostic and therapeutic equipment. Key players include GE HealthCare, Siemens Healthineers, and Boston Scientific, with significant developments like Nihon Kohden"s new ventilator and Fujifilm"s MRI software enhancements.
Trump"s re-election and Republican control of Congress have significantly strengthened the U.S. dollar, with the Dollar Index rising 6.3% since late September. However, UBS Global Wealth Management warns that this strength may be temporary, predicting a gradual appreciation of the euro and advising investors to reduce dollar exposure while considering diversification strategies. Gold prices are expected to rise to $2,900 an ounce by September 2025, driven by geopolitical uncertainty and dedollarization efforts by global central banks.
Rio Tinto plc, a global leader in mining, reported 2022 net sales with iron ore constituting 59% of production, followed by aluminum, alumina, and bauxite at 24.9%. The company produced 283.2 Mt of iron ore, 54.6 Mt of bauxite, and 521.1 Kt of copper, with significant sales in China (54.3%) and the United States (15.9%).
Colombia is racing to secure up to $10 billion in climate finance from the US before Donald Trump takes office, aiming to transition from a fossil fuel-based economy to green investments. If negotiations fail, China may become an alternative source of funding. The plan, part of a $40 billion strategy, seeks to replace declining fossil fuel revenues and is seen as a potential model for other nations pursuing similar transitions.
Japan and China significantly reduced their holdings of US Treasuries in the third quarter, with Japan selling a record $61.9 billion and China offloading $51.3 billion. This selling spree was driven by concerns over President-elect Trump"s economic policies and rising US yields, which heightened geopolitical risks and investor sentiment.
Howard Marks, co-chairman of Oaktree Capital, expressed cautious optimism about China"s economy, highlighting the country"s growth target of around 5% for 2024 as a significant challenge. Despite the modest target compared to historical rates, Marks noted it remains above average globally, emphasizing the difficulties posed by sluggish consumer spending, a struggling property market, and an aging population. He acknowledged recent stimulus measures but warned that sustained economic growth cannot rely solely on such interventions.
Investors are facing uncertainty as a bull run fades, influenced by factors like US elections, Federal Reserve interest rate decisions, and geopolitical disruptions. Financial advisors have favored bond funds, while gold has performed well amidst stock market volatility and high valuations.
Japan and China significantly reduced their holdings of US Treasuries in the third quarter, just before the presidential election. Japanese investors sold a record $61.9 billion, while Chinese funds offloaded $51.3 billion, marking the second-largest sale on record.
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xpeng reports smaller loss and higher revenue driven by new models
10:43 19.11.2024
china reallocates bond funds reducing infrastructure investment capacity
10:08 19.11.2024
iRhythm gains approval for Zio ECG monitoring system in Japan
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09:22 19.11.2024
dollar strength rises amid political changes but long-term outlook remains uncertain
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09:01 19.11.2024
rio tinto maintains strong production across diverse mineral portfolio in 2022
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08:56 19.11.2024
colombia seeks urgent us climate funding amid political uncertainty
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07:48 19.11.2024
Japan and China significantly reduce US Treasury holdings before election
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06:13 19.11.2024
China"s growth target poses significant challenges amid economic headwinds
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06:07 19.11.2024
avigating investment choices amid market volatility and economic uncertainty
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05:53 19.11.2024
Japan and China sell record US Treasuries before presidential election
03:56 19.11.2024
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