Zero-COVID Takes a Toll on PRC’s GDP
China’s economic growth is slowing as GDP data show Xi Jinping’s Zero-COVID policy Hammered the economy. The National Bureau of Statistics of China announced that the country’s GDP by 3% in 2022. Falling significantly short of the 5.5% increase expected by Chinese officials. The data revealed the impact of the government’s zero-COVID policy. The GDP […]
TSX Goes After Canadian Leaders Over China Divestment
The Toronto Stock Exchange (TSX) calls out Canadian Administration to do more to replace lost capital from China. Ottawa ordered three China owned companies to divest their stakes in Canadian producers of critical minerals. Creating capital loss says TSX Head. Dean McPherson, head of business development for mining at TSX’s […]
PWC Resigns as Auditor for Evergrande
PWC Resigns as Auditor for Evergrande Exhange filing showed the accounting firm PWC resigns sending its official resignation letter to Evergrande Monday. Chinese property developer Evergrande released a statement that global accounting firm PWC had resigned as its auditor, citing diverging views on the company’s 2021 financial statements. An exchange filing said the resignation letter […]
US Dollar Falls, While Gold, Japanese Yen, and China’s CPI Surge.
USD Falls, While Gold, Chinese CPI, Japanese Yen Surge Thursday trading saw the Dollar tumble to a nearly nine-month low against the Euro. The move comes on the after the BLS report showed US inflation was easing. Leading to speculation that the Federal Reserve will be less aggressive with rate hikes going forward. The decline […]
