Funding & Business
A $23 Trillion Cash Pile Holds Key for Chinese Stocks’ Bull Run
China’s stock rally is set to get a boost from small investors, stoking hopes that their massive savings will fuel the next leg of the market’s blistering advance.
The benchmark CSI 300 Index has been on a tear, rising 10% in August to be one of the world’s best-performing equity gauges amid a liquidity-driven surge. While hedge funds have been active in the market, analysts say the nation’s mom-and-pop investors are still in the early stages of what could be a major rotation into stocks and equity funds.
Switzerland’s trade group for gold refiners opposes a relocation of some operations to the US to ease a trade imbalance between the countries and help tariff negotiations, newspaper Neue Zuercher Zeitung reported.
The government is trying to find ways to get President Donald Trump to lower his 39% tariff on Switzerland, which is damaging companies and the economy. There have been suggestions that moving gold refining capacity to the US would be an option to appease Trump.
Pakistan’s soaring used car imports pose a “serious” threat to local manufacturers, according to Indus Motor Co., the local joint venture of Toyota Motor Corp.
The roughly 40,000 to 45,000 imported vehicles comprised almost one-third of the local automobile market in the 12 months through June, compared with less than 10% in 2023, Indus Chief Executive Officer Ali Asghar Jamali said on Friday.
Funding & Business
Software commands 40% of cybersecurity budgets as gen AI attacks execute in milliseconds
Software spending now makes up 40% of cybersecurity budgets, with investment expected to grow as CISOs prioritize real-time AI defenses.Read More
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