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NEW CONSTRUCTION SLUMP
SK Hynix to spend $64 billion on chip plants under broader AI-driven investment planThe projects in the country's central city of Cheongju outlined on Thursday come under a $2.1 trillion plan unveiled by the chipmaker and i...- Global Market: Samsung, SK Hynix double down on AI chip boom with massive investment push despite oversupply risksSouth Korean chip giants Samsung and SK Hynix are investing trillions to boost memory chip production, fueled by soaring AI demand. This am...
- Cement sector faces muted Q1 FY27 as heat, water scarcity hit demand: Ashika's Jyoti GuptaIndia's cement sector faces a subdued start to FY27, with extended heat and water scarcity dampening construction despite a delayed monsoon...
- 2 years, zero returns: Is it time for Nifty investors to be fearful or greedy?Nifty investors face two years of flat returns, mirroring past periods that historically led to significant market recoveries. Data shows t...
- China's May retail sales fall for first time in over three yearsChina's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail s...
- China's new home prices fall faster in May as property slump persists despite big-city resilienceChina's new home prices saw a 0.2% dip in May from April, marking a steeper decline and a 3.5% year-on-year fall. While larger cities show ...
- China learns to live on less fuel, to the relief of oil marketsChina's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles ...
- Hotel giants bet India’s local travel boom can defy slowdownMajor hotel groups are investing heavily in India. They expect a surge in domestic travel to drive growth. This expansion continues despite...
- SpaceX, Anthropic, OpenAI can rewrite history for megacap IPOsInvestors face a key decision on when to buy shares in upcoming mega-tech IPOs like SpaceX, Anthropic, and OpenAI. Historical data shows te...
- Sika targets growth from China renovation market, global data centresSika has re-calibrated its business model there, originally very heavily focused on new-build projects, to also focus on the renovation bus...
- US stocks today: S&P 500, Nasdaq slides as chip stocks fall, jobs data fuels hawkish Fed fearsMarkets saw a dip on Friday. Chipmaker stocks weakened after a strong rally. A better-than-expected jobs report fueled expectations of a US...
- US Stock Market today: Nasdaq, S&P 500 set for low opening, Dow Jones to rise. Nvidia stocks, Intel, Micron, AMD, Broadcom shares under spotlightS&P 500, if remains low, would register its first weekly decline since April. The tech-heavy Nasdaq was also set to end the week slightly ...
- West Asia crisis: Engineering exports dip 66.8% to UAE; 45% to Saudi Arabia in MarchIndian engineering exports to the UAE and Saudi Arabia saw significant drops in March. This decline was attributed to the West Asia crisis ...
- Dubai home prices record first decline after post-pandemic boomDubai's red-hot housing market is cooling for the first time since 2020, with prices and sales volume dropping in March. Regional conflict ...
- China's property investment falls 12.9% y/y in January-AugustChina's property sector faces continued downturn. Investment witnessed a 12.9% drop in the initial eight months. This follows a 12% decreas...
- Slowdown in auto industry has impacted steel sector: Tata Steel CEOThe demand for steel in India has to pick up and that depends a lot on construction and automobile sectors, he added.
- US inflation at 27-year high as home building divesThe two separate government surveys, one of which showed wholesale prices had surged by their largest margin in 27 years in the year to Jul...
- Housing posts surprising rebound in AprilConstruction of new homes posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in ...
- US economy crawls in Q4, fuels recession fearsThe US economy weakened more than forecast in the fourth quarter as housing sank deeper into recession and consumer spending cooled.
- Construction of new houses in US plunges to 14-year lowConstruction of new US homes plunged to the lowest level in 14 years in September as turmoil in credit markets intensified the problems in ...
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