2 Hours Ago Country Garden Holdings to be removed from Hang Seng Index Chinese real estate company Country Garden Holdings is set to be removed from Hong Kong’s Hang Seng Index after the benchmark’s latest quarterly review. In its place, pharmaceutical firm Sinopharm will be added. Country Garden Services Holdings, which is a property management … Read more
New Delhi: Travel agencies have reported a softening of hotel rates for the next 7-10 days in and around Shimla, in the wake of a wave of cancellations for hill getaways due to rains and landslides in Himachal Pradesh. The dip in rates followed a bustling weekend, when most hotels had raised tariffs by 30%. … Read more
Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated. That discussion during a two-day July meeting resulted in a quarter percentage point rate hike that markets generally expect … Read more
An Hour Ago Indonesia’s second quarter GDP grew above analysts’ expectations Indonesia’s gross domestic product for the second quarter expanded 5.17% year-on-year, higher than analyst forecasts of a 4.93% growth, according to Refinitiv data. On a quarterly basis, the Southeast Asian nation’s GDP grew 3.86%. —Lee Ying Shan An Hour Ago Thailand’s July inflation numbers … Read more
A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 2, 2022 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
“You keep squeezing the toothpaste tube, you keep rolling it up, you keep raising rates, and you know things are going to break, you just don’t know when and where,” Kevin O’Leary told CNBC’s “Street Signs Asia” on Thursday. “I am telling investors that I work with and I advise … let’s wait 90 days … Read more
The Federal Reserve raised its benchmark interest rate by 50 basis points on Wednesday, which sends small business loans to the double-digits percentage range for the first time in decades. Small business loans are based on the Prime Rate, which will now be 7.5%, the highest since 2007 and pushing most SBA loans to a … Read more