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HeadlinesWorld Bank President Cautions Against Hasty Reaction to Trump Policies
BusinessChina’s Nov Industrial Profits Narrow Decline but 2024 Likely Worst Year in Decades
China’s Nov Industrial Profits Narrow Decline but 2024 Likely Worst Year in Decades
Date: December 27, 2024
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption. The world’s second-largest economy has been struggling to mount a strong post-pandemic revival, as...
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Date: December 27, 2024
By Nicole Jao NEW YORK (Reuters) -Oil edged lower on Thursday in light holiday trade as the dollar’s strength offset hopes for additional fiscal stimulus in China, the world’s biggest oil importer. Brent crude futures settled down 32 cents, or 0.43%, at $73.26 a barrel. U.S. West Texas Intermediate crude closed at $69.62, down 0.68%,...
Oil Prices Set for Weekly Gain on China Stimulus Optimism
Date: December 27, 2024
(Reuters) – Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world’s biggest oil importer. Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2...
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Date: December 26, 2024
By Nicole Jao NEW YORK (Reuters) -Oil edged lower on Thursday in light holiday trade as the dollar’s strength offset hopes for additional fiscal stimulus in China, the world’s biggest oil importer. Brent crude futures settled down 32 cents, or 0.43%, at $73.26 a barrel. U.S. West Texas Intermediate crude closed at $69.62, down 0.68%,...
China Revises up 2023 Gdp, Sees Little Impact on 2024 Growth
Date: December 26, 2024
By Kevin Yao and Ellen Zhang BEIJING (Reuters) – China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025. Policy support late this year has set the world’s second-largest economy on...
World Bank Raises China’s GDP Forecast for 2024, 2025
Date: December 26, 2024
(Reuters) – The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year. The world’s second-biggest economy has struggled this year, mainly due to a property crisis and...