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Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. China News Service | China News Service | Getty Images BEIJING — The twice-a-decade Chinese leadership meeting this week has significant implications for which parts of the economy will receive support or continued pressure, Natixis analysts said Thursday. Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. An official version of that report is set to be published after the party's 20th National Congress ends on Saturday. The congress&#x27 ; implications for different sectors "are a big boost for industrial policy ," analysts from the French investment bank said. They pointed to Xi's frequent mention of the need for innovation. "Green transition and semiconductors will continue to benefit," they said. China has announced it aims to reach pe...

Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. China News Service | China News Service | Getty Images BEIJING — The twice-a-decade Chinese leadership meeting this week has significant implications for which parts of the economy will receive support or continued pressure, Natixis analysts said Thursday. Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. An official version of that report is set to be published after the party's 20th National Congress ends on Saturday. The congress&#x27 ; implications for different sectors "are a big boost for industrial policy ," analysts from the French investment bank said. They pointed to Xi's frequent mention of the need for innovation. "Green transition and semiconductors will continue to benefit," they said. China has announced it aims to reach pe...

In this article VSAT Follow your favorite stocks CREATE FREE ACCOUNT The offices of satellite operator Inmarsat in central London. Leon Neal | AFP | Getty Images The U.K.'s competition regulator launched an in-depth probe into American satellite internet company Viasat's $7.3 billion deal to buy British rival Inmarsat. The Competition and Markets Authority on Friday referred the takeover for a so-called "Phase 2" competition investigation, concerned it would make it harder for competitors such as Elon Musk's SpaceX, U.K. firm OneWeb and Canadian operator Telesat to do business with the aviation sector. Specifically, the CMA is worried the deal would lead to higher prices for onboard Wi-Fi on plane flights. The watchdog has said Viasat and Inmarsat "compete closely in the aviation sector, particularly for the supply of onboard wifi for passenger use." While these in-flight connectivity (IFC) services are only offered by a handful of players currently,...

In this article JPM Follow your favorite stocks CREATE FREE ACCOUNT Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Chris Ratcliffe | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon says investors should expect more blowups after a crash in U.K. government bonds last month nearly caused the collapse of hundreds of that country's pension funds. The turmoil, triggered after the value of U.K. gilts nosedived in reaction to fiscal spending announcements, forced the country's central bank into a series of interventions to prop up its markets. That averted disaster for pension funds using leverage to juice returns, which were said to be within hours of collapse. "I was surprised to see how much leverage there was in some of those pension plans," Dimon told analysts Friday in a conference call to discuss third-quarter results. "My experience in life has been w...

China's consumer price index increased by 2.8% in September from a year ago as prices of food, especially pork, rose. Future Publishing | Future Publishing | Getty Images BEIJING — China's consumer prices rose in September at their fastest pace in more than two years as pork prices climbed, the National Bureau of Statistics said Friday. The consumer price index increased by 2.8% last month from a year ago, matching expectations from a Reuters poll. That marked the fastest pace since a 3.3% year-on-year increase in April 2020, according to Wind Information. Much of the gains came from a continued pickup in pork prices , which rose by 36% year-on-year for their biggest rise since August 2020, Wind data showed. Pork, a food staple in China, has a significant weighting in the country&#x27 ;s official consumer price index. However, other indicators pointed to subdued consumer demand. Excluding food and energy, so-called core CPI rose by only 0.6% from a year ago — the slowest p...

Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022. Bloomberg | Bloomberg | Getty Images The financial market turmoil resulting from the U.K. government&#x27 ;s spending plan "suggests incompetence," according to billionaire investor Ray Dalio.  "I can't imagine that this is intended – and if it's not intended then it's an understanding question," Dalio said on BBC Radio 4′s "Today" program Wednesday. related investing news El-Erian says Bank of England's latest rescue move shows we are still in central bank 'la-la land' John Melloy 2 hours ago His comments referred to the market turbulence that followed Finance Minister Kwasi Kwarteng's fiscal announcements late last week. The measures included large swathes of unfunded tax cuts that have drawn global criticism, including from the International Mon...

Britain's Prime Minister Liz Truss and Britain's Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images LONDON – The first fiscal policy announcement from new British Prime Minister Liz Truss's government has been met with one of the most pronounced market sell-offs in recent history. The British pound hit an all-time low against the dollar in the early hours of Monday morning, dropping below $1.04, while the U.K. 10-year gilt yield rose to its highest level since 2008, as disarray continued following Finance Minister Kwasi Kwarteng's "mini-budget" on Friday. Jim O'Neill, former Goldman Sachs Asset Management chairman and a former U.K. Treasury minister, said the pound's fall shouldn't be misinterpreted as dollar strength. "It is a consequence of an extremely risky budget by the new chancellor and a rather timid Bank of England that, so far, has only raised rates reluctantly despite all the clear pressures,"...