China’s $23 Trillion Local Debt Mess Is About to Get Worse
In 2021, a remote coal town in northeastern China was forced to undergo an unprecedented financial restructuring. Its
2023-05-22 07:18
Stock Futures Decline, Currencies in Tight Ranges: Markets Wrap
Equity futures for US and Asian stock benchmarks slid while currencies held within tight ranges in a cautious
2023-05-22 06:56
McCarthy Says Debt-Limit Talks With Biden Will Resume Monday
House Speaker Kevin McCarthy said he and President Joe Biden will meet Monday afternoon and negotiators will resume
2023-05-22 01:21
McCarthy Plans to Speak with Biden Within the Hour on Debt
House Speaker Kevin McCarthy said he expects to speak with President Joe Biden within the next hour on
2023-05-21 22:52
Traders Brace for Volatility With US Debt Deal Still Elusive
Investors are girding for spikes in currency volatility and losses in equities should US lawmakers struggle to clinch
2023-05-21 22:27
Biden’s G-7 Focus in Japan Disrupted by Washington Debt Fight
President Joe Biden was physically present at the Group of Seven summit in Japan but his focus was
2023-05-21 21:59
Investors Seek Shelter in Emerging Markets as Recession Risk Hits US
Investors are planning to ramp up bets in emerging markets, according to the latest Markets Live Pulse survey
2023-05-21 20:45
US Exposure Is Next Headache for Europe Inc. as Dollar Slides
Behind the facade of Europe’s forecast-beating company earnings, cracks are appearing as exporters start to feel the pinch
2023-05-21 16:55
Australia’s Minimum Wage Gain Must Match Inflation, Burke Says
Australian Employment Minister Tony Burke strongly backed an increase in the minimum wage that matches inflation, arguing the
2023-05-21 14:50
New Zealand, BlueScope Spend $188 Million to Cut Steel Emissions
New Zealand’s government and BlueScope Steel Ltd.’s local unit will spend NZ$300 million ($188 million) to upgrade a
2023-05-21 09:20
US Inflation Set to Stay Firm in Challenge for the Fed
The latest marker of underlying US price pressures will offer little hope of settling the debate among Federal
2023-05-21 04:27
Bond Market Caught Between Fears of US Debt Default, Rate Hikes
Bond traders are losing faith that the Federal Reserve is done tightening monetary policy and will ride to
2023-05-21 04:15