An investor smiles after the Shanghai Composite Index rose 4.9% on Monday in its best day for a month. Photograph: Xie Zhengyi/Xinhua Press/Corbis
Stock markets around the world have been lifted by hopes that the Chinese government will allow its currency to devalue to boost growth after figures at the weekend showed a surprise slump in exports from the world’s second-largest […]
By Jayati Ghosh, Professor of Economics and Chairperson at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi. Cross posted from Triple CrisisThe recent rout in the Chinese stock market – and the Chinese authorities’ increasingly panicky responses to it that temporarily halted the decline – may not seem all that important to some observers. Indeed, there […]
Jason Lee / REUTERSSee AlsoChina pays a price to avert stock market crashChina’s small investors are looking for a way out of stocksInvestors aren’t convinced by China’s efforts to stop the $2.8 trillion market routA commentary in the Communist Party’s flagship publication yesterday suggests the mainland government is prepared to intervene in the stock market again if turbulence returns.The article […]
The tourism industry, however, is still reeling from a plunge in visitors to the “Land of the Smile”, they said.Bank of Thailand spokeswoman Roong Mallikamas said the political uncertainty that began late last year had hit the financial market hard. Inflows of foreign funds fell compared to other countries in the region, which weakened the baht, she said.Domestic investors, however, […]
The index plummeted to 1,286.70 points during the day. It peaked on May 21 at 1,643.43 points and the lowest level was registered on August 28 at 1,275.76 points. The average daily turnover this year rose by 55 per cent to Bt48 billion, against Bt31.08 billion last year. The market capitalisation dropped by 3 per cent on year to […]
Bangalore : A new IBM Social Sentiment analysis of 250,000 online conversations reveals the travel preferences of Indian consumers – which point to consumer interest and enthusiasm for spending holidays abroad. The preferred international holiday destination for 2013 is London and preferred domestic holiday destination is GoaAccording to the latest IBM Social Sentiment analysis, travel and hospitality was trending as […]
