Written by Mitrade
Reviewed by Mitrade
Written by Mitrade
China cuts benchmark lending rates by 25 basis points to boost economic recoveryChina's strategic bid to boost economic growth has led to a cut on benchmark lending rates. The People’s Bank of China announced on Monday that it would lower the rates by 25 basis points. The Chinese Central Bank governor signaled the policy changes during a forum in Beijing on Friday.
China's strategic bid to boost economic growth has led to a cut on benchmark lending rates. The People’s Bank of China announced on Monday that it would lower the rates by 25 basis points. The Chinese Central Bank governor signaled the policy changes during a forum in Beijing on Friday.
TradingKey – This week, key economic data includes U.S. September durable goods orders, the University of Michigan’s October Consumer Sentiment Index, and preliminary PMI data from several countries,
Insights - On October 17, TSMC (TSM) released its financial results for the third quarter of 2024.The company reported Q3 revenue of NT$759.69 billion, surpassing the market expectation of NT$751.06
Insights - Eurozone inflation is steadily falling, with September's rate at 1.8%, down from 2.2% in August, and below the ECB's 2% target for the first time in three years.Other major European centr
Insights - In the world of semiconductor manufacturing, Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) – also known as TSMC – reigns supreme. That’s because the Taiwan-based chip foundry has