China to Shift $139 Billion of Bad LGFV Debt to Provinces
China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay
2023-08-11 14:48
UBS Ends $10 Billion State Backstop That Helped Seal Merger
UBS Group AG decided to end an agreement with the Swiss government to cover losses it could incur
2023-08-11 14:19
Asia stocks drop to month low as US CPI fails to enthuse
By Tom Westbrook SYDNEY Asian stocks hit a one-month low and logged a weekly loss on Friday while
2023-08-11 13:48
Sliding Aussie Seen Stoking Prices as Shock-Absorber Fades
Australia’s depreciating currency, historically a boon for the world’s 12th largest economy, appears more likely to fuel inflation
2023-08-11 12:49
Biden Fears China Is ‘Ticking Time Bomb' Posing Danger to World
President Joe Biden blasted China’s economic problems as a “ticking time bomb” and referred to Communist Party leaders
2023-08-11 11:17
Asia Stocks Mixed After Tame US CPI; Dollar Steady: Markets Wrap
Shares in Asia fluctuate after US stocks ended steady on Thursday, as investors balanced cooling inflation with the
2023-08-11 10:22
RBA’s Lowe Says Policy Has Now Entered ‘Calibration Phase’
Australia’s central bank chief Philip Lowe said monetary policy has now entered a “recalibration phase” under which the
2023-08-11 08:54
Alibaba Takes Step Toward Comeback as Growth Finally Returns
Alibaba Group Holding Ltd. returned to growth across all its main divisions, defying China’s economic turbulence to take
2023-08-10 23:21
UK’s Financial Watchdog Says Fund Managers Need to Justify Fees
The UK’s Financial Conduct Authority said asset managers need to justify the fees charged on their funds as
2023-08-10 20:17
Hong Kong Says Court Should Have Followed Order to Ban Protest Song
Hong Kong’s government said judges should have followed the wishes of the city’s leader and banned a controversial
2023-08-10 15:27
China Slams Canada Over Claim It Likely Targeted a Lawmaker
China hit back at Canada over accusations it was probably behind a disinformation campaign aimed at a lawmaker
2023-08-10 15:25
Record Egypt Inflation Quickens Again as Pound Devaluation Looms
Egyptian inflation accelerated to another record high, with a new surge in food costs heaping more pressures on
2023-08-10 13:51