Baidu (BIDU) stock price has recovered modestly in the past few days, helped by the strong comeback of Chinese and global equities. It surged to a high of $107.67 on Monday, its highest swing since May 20th, and 31% above its lowest point this year. Baidu’s rebound has mirrored that…
Greece is poised to sell a 10% stake in the National Bank of Greece (NBG) as it continues its broader privatization efforts, which have seen the state reduce its holdings in several major banks over the past year. The Hellenic Financial Stability Fund (HFSF) announced the price range for the…
Intercontinental Hotels Group (IHG) share price has done well this year, rising by over 24% in London. It soared to a high of 8,345p, its highest point since July 17, while its American ADR has jumped to a record high of $114.5. Hotel groups are doing well IHG’s performance has…
Shares of Chinese property developers soared on Monday following the introduction of significant easing measures in major cities across mainland China. The moves, designed to rejuvenate homebuyer sentiment, come after the central bank implemented a slew of policy stimulus initiatives aimed at stabilising the country’s struggling real estate sector. The…
Stellantis NV lowered its annual forecasts on Monday, citing increasing costs related to restructuring its US business and intensifying competition from Chinese electric vehicle (EV) makers, triggering a more than 14% fall in its share price during early trading hours. The automaker- one of the world’s largest, known for brands…
UK house prices have experienced their fastest annual growth rate in almost two years, with prices rising by 3.2% in September compared to the previous year. This increase, driven by falling borrowing costs and growing expectations that the Bank of England will continue to lower interest rates, follows a 2.4%…
China’s focus on rejuvenating its stock market is seen as a critical move to break the cycle of declining investments and consumption, says China Securities Journal. In an editorial published Monday, the China Securities Journal underscored that restoring investor confidence and reviving the stock market are essential steps for stabilizing…
Oil prices climbed on Monday as geopolitical tensions in the Middle East raised fears of potential supply disruptions. The rise follows Israel’s intensified military actions against Iranian-backed groups, amplifying concerns about the region’s key role in global oil production. By early Monday, Brent crude futures for November delivery increased by…
The UK’s economic growth for the second quarter of 2024 has been revised down to 0.5%, according to updated figures from the Office for National Statistics (ONS). This marks a slight drop from the earlier estimate of 0.6% growth, released in the preliminary data. The revised figure indicates that the…