China can no longer ‘extend and pretend’ on municipal debt
Chinese leaders promise “basket of measures” to fix local debt Latest Politburo stance suggests Beijing may be ready to step in Extent of Beijing’s involvement...
China state banks seen selling US dollars to prop up yuan -sources
SHANGHAI/BEIJING, July 25 (Reuters) – China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in...
NY Fed report finds Americans increasingly facing borrowing headwinds
[1/2]An American Express and a Visa credit cards are seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration July...
Shares fall after little Fed surprise, China data and trade in focus
[1/2]Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26,...
Bankruptcy filings surge in first half of 2023 in US, Epiq says
July 3 (Reuters) – U.S. Chapter 11 bankruptcy filings jumped 68% in the first half of 2023 from a year earlier, Epiq Bankruptcy, a provider...
US yield curve hits deepest inversion since 1981: What is it telling us?
NEW YORK, July 3 (Reuters) – (This July 3 story has been corrected to change Allspring Global Investments to Annex Wealth Management in paragraph 13)...
China’s Xi tells military to deepen war, combat planning, Xinhua reports
BEIJING, July 6 (Reuters) – Chinese President Xi Jinping on Thursday urged the military to deepen war and combat planning to increase the chances of...
Japan finance minister warns against excessive yen weakening
[1/2]A banknote of Japanese yen is seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration TOKYO, June...
Japan’s top currency diplomat escalates warning against weak yen
[1/2]Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration Yen at 7-mth low vs dollar, 15-yr trough to...
World Bank should add disaster clauses to debt agreements, Yellen says
[1/2]U.S. Treasury Secretary Janet Yellen delivers her speech at the U.S embassy to France, ahead of the Global Climate Finance conference, in Paris, France June...