Date 22 Oct 24 (Tue) : IMF meetings in Focus; Eventful Week

Ada Tam Ying Ying

Oct 22, 20242 min read

IMF, World Bank meetings clouded by wars, slow economic growth, US election

https://www.reuters.com/markets/imf-world-bank-meetings-clouded-by-wars-slow-economic-growth-us-election-2024-10-21/

SIBOS 2024 kicks off in Beijing This is the first time that Sibos has been hosted in mainland China, where almost 10,000 delegates from all over the world have come together in Beijing from 21-24 October to connect and share insights.

https://www.globaltimes.cn/page/202410/1321599.shtml

BRICS 2024: BRICS Summit 2024 kicks off in Kazan BRICS expands to 10 Members, as more countries seek to join the Global South alliance https://america.cgtn.com/2024/10/21/brics-expands-to-10-members-as-more-countries-seek-to-join-the-global-south-alliance AIM Summit Dubai 2024 Singapore International Energy Week 2024

https://www.ema.gov.sg/news-events/news/speeches/2024/singapore-energy-lecture-gan-kim-yong-at-singapore-international-energy-week-2024 HSBC Streamlines Business Divisions, Names First Female CFO https://www.bloomberg.com/news/articles/2024-10-22/hsbc-streamlines-business-units-into-four-names-new-cfo [It may suggest more staffs may lay-off during merging units

Hyundai Motor raises $3.3 bil. via IPO on Indian stock market

[Hyundai Motor India shares plunge in weak trading debut after record IPO]

https://koreajoongangdaily.joins.com/news/2024-10-22/business/industry/Hyundai-Motor-India-shares-plunge-in-weak-trading-debut-after-record-IPO/2160613

What had announced:

China

PBoC Loan Prime Rate, Oct : from 3.85% to 3.60%

PBoC Loan Prime Rate : from 3.35% to 3.10%

China cuts loan prime rates as part of the stimulus measures

United States

US Leading Index, Sep, mom : from -0.3% to -0.5%

For the rest of the week, the important economic data to be announced: