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Asian markets build on global rally as Fed pause hopes grow
Asian markets build on global rally as Fed pause hopes grow
by  AFP

Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is considering a large burst of economic stimulus.

China to hold third Belt and Road forum next week
China to hold third Belt and Road forum next week
by  AFP

China will hold its third Belt and Road forum in its capital next week, Beijing said Wednesday, confirming the details of an event that several foreign leaders are expected to attend -- including Vladimir Putin. He will also "hold a welcome banquet for foreign leaders and heads of international organisations attending the forum", she added.

Birkenstock to target $8.6 bn IPO valuation: reports
Birkenstock to target $8.6 bn IPO valuation: reports
by  AFP

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported.

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