China Ramps Up Fight With Yuan Bears to Stop Selloff Spiraling
China extended two lines of yuan defense, pushing up funding costs in the offshore market to squeeze shorts
2023-08-22 11:22
S&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Climate
Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US
2023-08-22 09:55
Musk Told Pentagon He Spoke to Putin Directly, New Yorker Says
Elon Musk told Pentagon officials during a call about the satellite-based internet that SpaceX supplies to Ukraine’s military
2023-08-22 01:45
Treasury Yields Hit Highest Since 2007 on Elevated Rate Fears
The US bond-market selloff resumed Monday, driving 10-year yields to a 16-year high, as the persistently resilient economy
2023-08-21 23:58
Turkish Banks Warn of Risks in Plan to Curb Lira Protection Tool
Turkish lenders are complaining that tough targets imposed by authorities to curb a tool designed to support the
2023-08-21 22:47
Bond Bulls at JPMorgan, Allianz GI Double Down on Bet Gone Bad
Convinced a recession in the US was near, some of the world’s most prominent money managers loaded up
2023-08-21 18:56
Historic drought, hot seas slow Panama Canal shipping
By Lisa Baertlein and Marianna Parraga LOS ANGELES/HOUSTON Before the Ever Max ship carrying lava lamps, sofas, Halloween
2023-08-21 18:23
BRICS Expansion Gets Interesting If Saudis Join, Jim O’Neill Says
Adding countries to the BRICS bloc will matter economically if Saudi Arabia is one of them but otherwise
2023-08-21 18:17
Alleged Russian crime boss sanctioned by Ukraine owns a major stake in US biotech firm
Weeks after Russian tanks rolled into Ukraine in early 2022, a North Carolina biotech company that has done work for the Pentagon scrambled to help civilians and soldiers wounded by the war.
2023-08-21 17:54
Lira Lifesaver Became $124 Billion Gamble That Haunts Turkey
As the lira was approaching a decade of continuous losses, Turkish policymakers hit on an idea that promised
2023-08-21 17:49
Fitch Makes Case for Why Netanyahu Won’t Doom Israel Economy
When Fitch Ratings issued an optimistic report on Israel last week, it defied growing conventional wisdom that the
2023-08-21 16:23
China Local Governments to Sell $206 Billion of Financing Debt
China is taking stronger action to address financial risks of local governments, with Caixin reporting on a plan
2023-08-21 11:17