China’s producer prices rose in March for the first time in more than three years, ending a long deflationary run as a sharp jump in global oil prices rippled through industrial supply chains.
Insights
Opinion and insights on some of the latest events in the corporate and business worlds, the world financial markets, and the movers and shakers who pull the strings.
China is shifting its consumption strategy away from big-ticket goods and toward services, betting that travel, leisure, culture, and everyday convenience can do more to revive household spending than another round of discounts on cars and appliances.
Japanese stocks experienced a dramatic rebound on Tuesday, recovering more than 7% after a historic decline in the previous session.
Microsoft is gaining ground in the race to become the world's most highly valued company, with some institutional investors believing its focus on artificial intelligence (AI) puts it on course to potentially surpass Apple in market cap in the next five years.