Goldman Sachs, Abu Dhabi sign $1 billion investment partnership for Asia Pacific

Goldman Sachs, Abu Dhabi sign $1 billion investment partnership for Asia Pacific

An Emirati woman walks in a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike Bloomberg | getty images Dubai, United Arab Emirates – Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region […]

China’s biggest problem is lack of confidence: Standard Chartered CEO

China’s biggest problem is lack of confidence: Standard Chartered CEO

DUBAI, United Arab Emirates – China faces a lack of confidence as its economy undergoes massive transformation and concerns grow over its ongoing asset crisis, a top banking CEO told Dubai’s World Bank. Said on stage at the government summit. Bill Winters, CEO of emerging markets-focused bank Standard Chartered, told CNBC’s Dan Murphy during a […]

U.S. firms prefer India over China for supply chain needs despite risks

U.S. firms prefer India over China for supply chain needs despite risks

Workers assemble mobile phones at a Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images U.S. firms are increasingly viewing China as a risky bet for their supply chains — neighbor India is set to benefit as companies look elsewhere to set shop. As many as […]

China strategist warns of deflation and low consumer confidence

China strategist warns of deflation and low consumer confidence

BEIJING, CHINA – NOVEMBER 13: Illuminated skyscrapers stand in the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) VCG | Visual China Group | getty images Deflation could soon begin to impact Chinese growth, as Beijing is looking at a “very painful economy” for […]

AI election disruption poses the biggest global risk in 2024

AI election disruption poses the biggest global risk in 2024

Alfieri | Digitalvision Vectors | Getty Images As around half of the world’s adult population heads to the polls in a bumper year of elections, concern over the role of artificial intelligence in disrupting outcomes has topped the list of the biggest risks for 2024, according to a new report. The World Economic Forum’s “Global […]

Goldman Sachs analyst says the world is headed into a new super cycle

Goldman Sachs analyst says the world is headed into a new super cycle

A screen displays the Dow Jones Industrial Average after the closing bell at the New York Stock Exchange on December 13, 2023. Brendan McDiarmid | reuters According to Peter Oppenheimer, head of macro research in Europe at Goldman Sachs, the global economy is moving towards a new “super cycle”, in which artificial intelligence and decarbonization […]

China says fiscal policy should be ‘moderately strengthened’

China says fiscal policy should be ‘moderately strengthened’

Chinese President Xi Jinping chaired a symposium on advancing the integrated development of the Yangtze River Delta and delivered an important speech in Shanghai, east China, on November 30, 2023. Xinhua News Agency Xinhua News Agency getty images China’s ruling Communist Party’s top decision-making body said Friday the country’s fiscal policy should be “moderately strengthened” […]

China’s economy faces ‘steep climb’ despite positive export surprise: HSBC

China’s economy faces ‘steep climb’ despite positive export surprise: HSBC

Hong Kong Observation Wheel, and the Hong Kong and Shanghai Bank, HSBC Building, Victoria Harbour, Hong Kong, China. UCG | Universal Images Group | getty images Despite stunning growth in exports, the Chinese economy still has a “steep climb” to go and is unlikely to get a boost from further fiscal stimulus, according to HSBCFrederick […]