“On the path ahead, winds and rain are the norm” for the Chinese economy, president Xi Jinping told his countrymen in a New Year’s Eve speech.
Tag: Economy
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SPOTLIGHT: BIGS GETTING BIGGER
Consolidation is the name of the “Bigs” game. The more they own the more they control… it’s the way of the power hungry world.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s factory output increased 6.6 percent in November, year on year, beating economists’ forecasts. Retail sales jumped 10.1 percent on an annual basis, although they fell short of analysts’ expectations.
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SPOTLIGHT: OFFICE BUILDING BUST
Hedge funds have become short sellers—investors betting an asset’s value will fall—in commercial real estate.
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LUXURY RETAILERS INDITEX, FARFETCH SEE A BLEAKER FUTURE
Inditex, a Spanish upscale clothier and fast-fashion company that owns the Massimo Dutti and Pull & Bear brands, reported a sales increase of 6.6 percent in the three months ending 31 October, less than analysts had expected and falling by nearly half of the more than 10-percent gain the company had averaged over the past two years.
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ARGENTINA DEVALUES PESO, SLASHES BUREAUCRACY AND GOVERNMENT SPENDING
Javier Milei, Argentina’s chainsaw-wielding new president, has announced a series of sweeping measures that will begin to make good on his pledges to take drastic steps to right the country’s economy.
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IRISH FACTORY OUTPUT SLIPS IN OCTOBER
Ireland’s factory output sank 0.7 percent in October, more than twice the 0.3-percent decline analysts had forecast.
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SPOTLIGHT: BIGS GETTING BIGGER
Consolidation is the name of the “Bigs” game. The more they own the more they control... it’s the way of the power hungry world.
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SPOTLIGHT: CHINA’S ECONOMY STRUGGLES
In November, China's consumer prices fell the fastest since November 2020, dropping 0.5 percent year on year, according to the country’s National Bureau of Statistics (NBS).
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SPOTLIGHT: BIGS GETTING BIGGER
Consolidation is the name of the Bigs game. The more they own the more they control... it’s the way of the power hungry world. As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
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