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ECONOMY

HSBC projects 12.5% credit growth for Indian banks in 2024-25

Friday, Jan 03

HSBC forecasts a 12.5% credit growth for Indian banks in 2024-25, amid challenges like tight liquidity and a slowing GDP.

ECONOMY

Projected Trends for Interest Rates on Mortgages, CDs, and Credit Cards in 2025

Friday, Jan 03

Experts predict mixed outcomes for interest rates in 2025, with mortgage and credit card rates remaining high despite potential Fed cuts.

ECONOMY

Hong Kong's Retail Sales Decline for Ninth Month, November Sees 7.3% Year-on-Year Decrease

Friday, Jan 03

Hong Kong's retail sector faces challenges as sales decline for nine consecutive months, with a 7.3% drop in November amid changing consumer patterns.

ECONOMY

China Sees 21% Increase in Sovereign Investments Driven by Middle East Funds

Friday, Jan 03

China experienced a 21% surge in sovereign investments in 2024, attracting $10.3 billion, primarily from Middle Eastern funds.

ECONOMY

Rolex Increases Prices on Gold Models Amid Rising Gold Costs

Friday, Jan 03

Rolex has raised the prices of select gold watch models by up to 8%, following a surge in gold prices.

ECONOMY

Tech firms shifting focus to cash paychecks as stock compensation wanes

Friday, Jan 03

Tech companies are reconsidering stock-based compensation, emphasizing cash payments as scrutiny rises in 2025.

ECONOMY

Prince Harry and Meghan Markle's Montecito Home Value Surges to $29 Million

Friday, Jan 03

Prince Harry and Meghan Markle's Montecito mansion value has skyrocketed to over $29 million, doubling since their 2020 purchase amid rising California property prices.