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Nvidia recently reported its fourth fiscal quarter earnings, surprising Wall Street analysts with earnings and sales that exceeded expectations. The company’s earnings per share came in at $5.16, adjusted, compared to the $4.64 that was expected. Additionally, the revenue was reported at $22.10 billion, surpassing the expected $20.62 billion. This strong performance led to Nvidia’s

China’s recent decision to cut the benchmark five-year loan prime rate marks a significant move by the country’s lenders to stimulate the sluggish property market. While the one-year loan prime rate remained unchanged at 3.45%, the five-year rate, which serves as the benchmark for most mortgages, was reduced by 25 basis points to 3.95%. This

The U.S. Federal Reserve’s decision to potentially cut interest rates later this year is expected to have a significant impact on global currencies, especially in Asia. While a rate cut may not bode well for the dollar, it could benefit some Asian currencies due to higher interest rates boosting a country’s currency value. This increase

The tourism revenues in China during the recent eight-day Lunar New Year holidays saw a substantial increase of 47.3% year-on-year, surpassing the pre-COVID 2019 levels. This surge was primarily driven by a boom in domestic travel, providing a temporary relief to policymakers in the midst of deflationary risks. During the holiday period, domestic tourism spending

Ukrainian President Volodymyr Zelenskyy made a bold statement at the Munich Security Conference, expressing his willingness to take U.S. presidential candidate Donald Trump to the front lines of Ukraine. Zelenskyy’s offer to accompany Trump to witness the impact of Russia’s invasion of Ukraine demonstrates a strong stance on the ongoing conflict. Despite Zelenskyy extending the

Japan’s central bank, known as the Bank of Japan (BOJ), has been facing significant challenges in recent years. With sluggish growth and a depreciating yen, the BOJ is expected to exit its negative interest rate regime this spring. However, this move may not be enough to alleviate the depreciation pressure on the yen. In this

Japan’s economy was hit hard as it unexpectedly contracted once again in the October-December period, pushing the country into a technical recession. The provisional government data revealed that high inflation has crimped domestic demand and private consumption, posing a significant challenge for Bank of Japan Governor Kazuo Ueda in normalizing interest rates and for Japanese

Inflation concerns continue to rattle global markets as the Asia-Pacific region witnessed a downturn following Wall Street’s losses. The U.S. January inflation exceeded expectations, with the consumer price index (CPI) climbing 3.1% on a 12-month basis and 0.3% for the month. This article explores the repercussions of higher inflation on Asia-Pacific markets, highlighting the decline

The stock market has experienced significant gains in recent months, prompting investors to debate whether these gains can be sustained until the end of the year. According to Ludovic Subran, the chief economist at Allianz, if central banks implement interest rate cuts later than expected, the current stock gains will prevail. In this article, we

The stock market began the week on a positive note, following last week’s strong performance. Both the S&P 500 and Dow Jones Industrial Average reached new all-time highs, signaling optimism among investors. The broad market index was up 0.3%, while the Dow gained 195 points, or 0.5%. The Nasdaq Composite also saw a 0.3% increase.