Chinese Banks Cut Benchmark Lending Rates After PBOC Easing
Chinese banks lowered their benchmark lending rates for the first time in 10 months following a reduction in
2023-06-20 09:51
New Zealand Announces Banking Inquiry Amid Profit Concerns
New Zealand’s government announced an inquiry into its banking sector amid concerns that lenders are making excessive profits.
2023-06-20 08:46
Hedge Funds That Spread Quant Bets Are Having a Moment in China
Hedge funds that deploy a basket of computer algorithms for trading are gaining popularity in China after many
2023-06-20 07:46
Chile Holds Interest Rate in Split Vote as Core Inflation Remains More Than Triple the Target
Chile’s central bank held its key interest rate unchanged at an over two-decade high in a surprise split
2023-06-20 06:55
Venezuela’s Inflation Accelerates for First Time Since January
Venezuela’s inflation sped up in May, snapping a three-month slowdown despite signs of economic weakness and declines in
2023-06-20 02:50
ECB Officials Spar as Lane Rebuffs Talk of September Rate Hike
European Central Bank officials revealed a sharpening divide on the outlook for interest-rate hikes, with some favoring caution
2023-06-19 20:48
French Government Aims to Save $11 Billion to Cut Budget Gap
The French government said it has identified at least €10 billion ($10.9 billion) of savings as part of
2023-06-19 19:47
Goldman Sachs Cuts China GDP Forecast on Limited Stimulus Space
Goldman Sachs Group Inc. became the latest bank to cut their forecasts for China’s economy, citing limited options
2023-06-19 09:56
London Home Asking Prices Slide as Surging Rates Stretch Buyers
Homesellers in London cut prices more than any UK region in June as surging borrowing costs stretched affordability
2023-06-19 08:26
Goldman Says Markets Too Optimistic on Pace of US Inflation Drop
Inflation in the US won’t come down as quickly as markets are currently pricing, according to strategists at
2023-06-17 16:20
US Keeps China on FX Watchlist, Without Designating Currency Manipulators
The US Treasury said seven major economies, including China, were on its “monitoring list” for currency practices, while
2023-06-17 02:17
Fed Officials Say Rates May Need to Go Higher to Tame Inflation
Two Federal Reserve officials said the central bank may have to raise interest rates further to tame price
2023-06-16 22:18