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Issue 625 | 16 Sep 2024
Bankruptcy News
US discount home goods retailer Big Lots (NYSE: BIG) has filed for Chapter 11 bankruptcy protection with plan to sell its business. The company secured over US$700 million in financing to keep its business running...
 
Asia and Australasia
China: Solid export growth in August
Figures from the General Administration of Customs (GAC) showed that exports from China increased...
Europe
Eurozone: ECB cuts rates by 25 basis points again
The European Central Bank (ECB) lowered its key deposit rate by 25 basis points to 3.5%...

Turkey: Industrial production falls in July
According to the Turkish Statistical Institute, Turkey’s industrial output decreased by 3.9%...
North America
US: Inflation falls to a 3-year low in August
The Bureau of Labor Statistics reported that the US annual inflation rate fell to 2.5% in August...
   
   
   
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Disclaimer:
The information contained in the ‘Weekly Market News’ (WMN) is compiled by the Hong Kong Export Credit Insurance Corporation ("HKECIC") for general information only. Whilst HKECIC endeavours to ensure the accuracy of this general information, no statement, representation, warranty or guarantee, express or implied, is given as to its accuracy or appropriateness for use in any particular circumstances.


HKECIC is not responsible for any loss or damage whatsoever arising out of or in connection with any information including data or programmes on the WMN.  HKECIC reserves the right to omit, suspend or edit all information compiled by HKECIC on the WMN at any time in its absolute discretion without giving any reason or prior notice. Users are responsible for making their own assessment of all information contained in this WMN and are advised to verify such information and obtain independent advice before acting upon it.