MOODY S ANALYTICS
China's trade surplus surpasses $1 trillion for a 2nd straight year, as exports surge 35%
Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported by high-tech goods like semiconductors and autos.
China’s trade surplus tops $1 trillion for second straight year as exports surge
China's trade surplus reached $1.04 trillion in January-October, crossing $1 trillion for a second consecutive year. October exports rose 35.2% year-on-year, while imports grew 41.6%, narrowing the monthly surplus to $105.3 billion. Strong overseas demand is supporting exports, but weak domestic consumption and rising trade tensions pose risks to the outlook.
China's trade surplus surpasses USD 1 trillion for 2nd straight year, as exports surge 35 per cent
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
Bombs, billions, and household bills: How much is the US-Iran war costing America and its people? Here's all about the war's price tag
By mid-October 2023, the US-Iran war had incurred costs totaling $47 billion, not counting damages to military bases following Iranian assaults. American households are bearing the brunt, each incurring around $2,000, mainly due to skyrocketing energy expenses. With the Pentagon reporting an ammunition deficit amid this escalating conflict, concerns are growing regarding the long-term economic fallout from sustained military engagement.
Warren Buffett's Berkshire earns more than 40% from just these 3 stocks; do you have in your portfolio?
Warren Buffett’s biggest dividend lesson lies in three stocks Berkshire Hathaway has held for decades. Coca-Cola, American Express and Moody’s now generate annual dividends equal to 65%, 45% and 41% of Berkshire’s original purchase costs.
Stocks in news: Reliance Industries, Eternal, IREDA, Yes Bank, Trent and Hindustan Zinc
Indian equity benchmarks experienced a decline as profit-booking occurred amid rising crude oil prices. The Nifty 50 dropped significantly, closing at 22,889 after disappointing corporate earnings. Reliance Industries aims to raise funds through its initial public offering today, which is highly anticipated. Other companies such as IREDA and Yes Bank reported mixed financial results for the quarter. Investors are closely monitoring these developments and their potential market impacts.
Bajaj Finance acquires 5% stake in TrueFan AI as part of Finserv Intelligence
Bajaj Finance has completed a five percent equity investment in TrueFan AI, a move that aligns with Bajaj Finserv's commitment to fostering applied research and driving innovation. This investment will focus on tech startups that demonstrate significant scalability. TrueFan's platform is already being utilized for enhancing customer engagement, with the goal of expanding efforts in personalized marketing and AI-enhanced communication.
AI is keeping Asia afloat as inflation weighs it down: Moody’s Analytics
In the Asia-Pacific landscape, economies are diverging with AI-driven export demand providing a silver lining. Nonetheless, domestic consumption and business activities are hindered by inflation and soaring interest rates. India continues to shine as a key player but is not immune to the threats posed by rising oil costs and inflation.
AI-boom fuels 'K' shaped global economic growth: Moody's Analytics
The global economy shows K-shaped growth as artificial intelligence advances some sectors. Moody's Analytics predicts a slowdown to 2.5 percent in 2026. AI demand has prevented a sharper economic downturn globally. Geopolitical risks and market volatility could lead to recession. Economies and industries not benefiting from AI have struggled.
Currency risks a concern for India: Moody’s Analytics
Affirming that the outlook for emerging markets will hold even amidst the US banking storm, Moody’s Analytics said that while India would continue to grow owing to pent-up demand, “further currency weakness could put the region’s central banks in a bind.”
Omicron adds new uncertainties to global economic outlook: Moody's Analytics
In its commentary titled 'Much to Learn About OmicronFast’, Moody’s Analytics said although the variant appears to spread ”remarkably quickly”, it will be at least two more weeks before more will be known about this new variant.
Covid 2nd wave to have more lasting damage on Indian economy, exports key for recovery: Moody’s Analytics
In its report titled ‘APAC Economic Outlook: The Delta Roadblock’, it said that social distancing is weighing on the current quarter but economic recovery will resume by the year-end.
COVID 2nd wave may have more lasting damage on economy, exports to drive recovery: Moody's Analytics
The Delta variant of COVID-19 is among factors now adversely affecting economies of the Asia-Pacific (APAC) region, but the economic hit from the current round of movement restrictions in the region will not be as severe as the recessions in the second quarter of last year.
Moody's Analytics stands by its India report, says it is part of economic outlook series
Moody's Analytics today stood by its report that had asked Prime Minister Narendra Modi to keep BJP members in check or risk losing global credibility.
Government dismisses Moody's report; calls it opinion of junior analyst
The government has said it is distressed that the personal opinion of a junior analyst working with Moody's Analytics has been passed off as commentary.
Government dismisses Moody's report, calls it opinion of junior analyst
Moody’s Analytics is the economic research and analysis division of Moody’s Corporation, which also owns Moody’s Investor Services.
Moody’s, Genpact eye Amba Research, may bid $90-100 million
Global credit rating agency Moody’s Corporation is seen vying with outsourcing firm Genpact in bidding for investment research and analytics company Amba Research.
Games fiasco may hit Brand India, says Moody's
Confidence in India's infra, capacity to organise events, have been brought into question.
'Likelihood of US slipping back into recession rises'
Chief economist at Moody’s Analytics said the likelihood of US slipping back into a recession is now 33%, up from a 20% chance.
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