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SHANGHAI -- The Chinese Communist Party released on Sunday a lengthy long-term policy blueprint adopted at a meeting of high-level members last week. The closely watched meeting, known as the third plenum, came against the backdrop of slowing economic growth exacerbated by a major downturn in the property sector as well as rising trade tensions with the U.S. and other countries. Here are five takeaways from the plenum.
The "Trump trade" could unwind after President Joe Biden withdrew from the 2024 presidential election, throwing his weight behind Vice President Kamala Harris.
HO CHI MINH CITY -- Vietnam started the trial Monday of a property and airline mogul accused of stock manipulation worth 723 billion dong ($28 million), part of a national corruption crackdown that has toppled top political and business leaders, including a woman on death row.
The Philippines “cannot yield” in territorial disputes, President Ferdinand Marcos Jnr said Monday, after a series of escalating confrontations with Beijing in the South China Sea.
China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world's second-largest economy.
“While there is a case [to raise import duties], we will have to tread carefully,” Dhar said. “Any talk of increasing duty will be like jarring notes,” he added, noting that FTAs also signify strategic partnerships that extend beyond just economic ties.
However, it’s catching up with those peers due to speculation sticky price pressures will prompt the Monetary Authority of Singapore, the central bank, to maintain its appreciating exchange rate settings in its policy review due on Friday.
S&P 500 futures inched up Sunday night after the broad market index suffered its worst weekly losses since April last week as investors rotated out of megacap technology stocks for smaller names.