Business News
China’s 2019 birth rate slowest in 70 years: stats bureau
China’s birth rate fell to its lowest last year since the founding of the People’s Republic of China 70 years ago, posing a long-term challenge for its government.
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Business News
China’s 2019 pork output plunges as African swine fever cuts herd
China produced 42.55 million tonnes of pork in 2019, down 21.3% from a year earlier, official data showed on Friday, after the fatal hog disease African swine fever killed millions of pigs in the world’s top producer.
Business News
China 2019 crude steel output jumps 8.3%, sets second straight annual record
Crude steel production in China climbed to a record just shy of 1 billion tonnes in 2019, boosted by a resilient property market and robust demand as Beijing beefed up infrastructure spending in a bid to weather a slowdown in economic growth.
Business News
China fourth-quarter GDP grows 6%, in line with expectations and hovering near 30-year low
China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with expectations and unchanged from the previous quarter’s pace.
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Oil steady ahead of data seen confirming sluggish China growth
Oil prices were steady on Friday as investors braced for data expected to show China’s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. The impact of the trade row between Washington and Beijing last year is likely to show up in China’s official 2019 economic data, set to be released at 0200 GMT. …read more […]
Business News
Oil steady ahead of data seen confirming sluggish China growth
Oil prices were steady on Friday as investors braced for data expected to show China’s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal.
Business News
Asian shares firm after Wall Street records; China GDP awaited
Asian shares inched higher on Friday after global stock indexes and Wall Street posted more records, with strong corporate earnings and upbeat U.S. economic data adding to optimism after China and the U.S. signed a partial trade deal.
Business News
Senate passes North America trade deal, Canada still to approve
The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
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Jack Dorsey Asks Elon Musk How to Fix Twitter
(Bloomberg) — Elon Musk’s suggestion for how to fix Twitter? Identify the bots.Musk, the SpaceX and Tesla Inc. chief executive officer, was asked Thursday by Twitter Inc. CEO Jack Dorsey how he would fix the social network, where Musk has almost 31 million followers.“Give us some direct feedback,” said Dorsey, who spoke to Musk via a video call from a company meeting in Houston. Musk was projected onto a giant screen as thousands of Twitter employees watched the two executives chat. “If you were running Twitter,“ Dorsey continued, “what would you do?”“I think it would be helpful to differentiate” between …read more […]
Business News
Facebook sued in U.S. federal court for alleged anticompetitive conduct
Four companies sued Facebook in U.S. federal court on Thursday for alleged anticompetitive conduct, saying the social network inappropriately revoked developer access to its platform in order to harm prospective competitors.
Business News
Comcast bets ads work on streaming TV, plans NBC Peacock debut for April
NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday.
Business News
China set to post weakest growth in 29 years as trade war bites, investment sputters
China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown.
Business News
Comcast bets ads work on streaming TV, plans Peacock debut for April
Comcast Corp-owned NBCUniversal’s new Peacock service will offer free and $5-per-month options that include advertising to try to win customers for its belated entry into the streaming video wars, the company announced on Thursday.
Business News
Eli Lilly targets quarterly deals of $1 billion-$5 billion in 2020: CFO
Eli Lilly and Co aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products.
Trading Ideas
Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 20%
Let’s start with some good news – according to Goldman Sachs’ chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year’s surge. Oppenheimer believes 2019’s bull run was down to valuation expansion. If the history books are anything to go by, then 2020 will see a repeat of the trend.“Years of strong valuation expansion are generally followed by positive returns in the equity market, although typically at a slower pace. Moderate profit growth this year and higher starting multiples point to total returns in the high single digits for the asset class globally in 2020,” Oppenheimer …read more […]