Qantas Airways Ltd. was hit with its first sell rating in a year, reflecting investor concern about the cost of repairing the airline’s bruised reputation.
Billions of dollars from humanitarian aid and rising trade with Asian neighbors has propelled Afghanistan’s currency to the top of global rankings this quarter — an unusual spot for a poverty-stricken country with one of the world’s worst human rights records.
Asian shares are poised for a subdued opening on Tuesday as concerns about China’s property sector re-emerge. Wall Street closed higher and a US bond selloff extended into a fourth week, while a gauge of dollar strength hit its highest level this year.
(Bloomberg) -- Retreating inflation could force companies to relinquish some of the pricing power they’ve wielded recently, a headwind likely to weigh on equities in the final months of 2023, according to JPMorgan Chase & Co.’s Marko Kolanovic.
Chinese developers are counting on the upcoming Golden Week holiday period to spark a long-awaited revival in home sales, in the first key test of whether recent policy support is enough to arrest the slump.
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