Denmark’s Maersk will decide on Tuesday whether to resume sending vessels through the Suez Canal via the Red Sea or redirect them around Africa following a weekend attack on one of its ships, a company spokesperson said.
U.S. financial technology companies that popularized amateur stock trading are pushing into fixed income in a bid to capitalize upon growing retail investor interest sparked by soaring yields in 2023.
Tesla topped Norway’s car sales for a third straight year in 2023, extending its lead over rivals despite an ongoing conflict between the U.S. electric vehicle maker and the Nordic region’s powerful labour unions.
Global factories had a weak finish to 2023, with euro zone activity contracting for an 18th straight month in December and Asia’s manufacturing powerhouses taking a hit due to China’s patchy economic recovery.
U.S. stock index futures slipped on Tuesday, setting a somber tone for the first trading day of 2024, as Apple dipped on a broker downgrade and investors pondered if last year’s big market gains could be sustained.
Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them. Markets rallied as a result, but 2024 could hold surprises as the world adjusts to an economic order where money is not cheap.
Global mega-cap companies, led by the technology sector, posted solid gains in 2023, boosted by optimism over artificial intelligence, that inflation was peaking and on hopes for further economic stimulus from central banks.
China’s property market continued to consolidate in 2023 with state-affiliated firms dominating the home sales and land acquisition market, private surveys showed, as more private firms got embroiled in the sector’s deepening debt crisis.
