Denmark’s Maersk said on Wednesday it has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the next several weeks, after pausing voyages in the area earlier this month due to the risk of attacks.
China will strive to expand domestic demand, ensure a speedy economic recovery and promote stable growth, according to an interim report on China’s 14th five-year plan published by parliament on Wednesday.
Futures tied to Wall Street’s main indexes were subdued on Wednesday after the S&P 500 rose close to its all-time high in the previous session on growing expectations that the Federal Reserve would cut interest rates as early as March.
As bonds emerge from a historic selloff, some investors expect better times in the U.S. fixed income market next year – as long as the Federal Reserve’s rate cuts play out as anticipated.
Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year.
The traditional turbulence of money markets at year’s end could pose a first test for a new and so far largely unused central bank liquidity facility, but a shift to full scale activity likely still lies some time off into next year.
Hong Kong’s New World Development and Chinese state-backed China Resources Land said they will jointly build a $1.3 billion housing project in the financial city’s “Northern Metropolis” next year.
SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate’s shares up 5%.
European shares advanced on Wednesday, as tech stocks benefited from an overnight Wall Street rally amid persisting optimism around U.S. interest rate cuts as early as next March, while robust China data lifted miners.
