China Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser Says
China is sitting on a $6 trillion pile of money, half of which is “hidden,” and that presents
2023-06-30 11:22
Yen Weakens to 145, Approaches Last Year’s Intervention Level
The yen fell through 145 per dollar for the first time since November, nearing a level where Japan
2023-06-30 10:20
China’s Growth Momentum Slows Further Amid Rising Stimulus Calls
China’s economy lost more momentum in June as manufacturing activity contracted again and the services and construction sectors
2023-06-30 09:56
India’s HDFC Vaults Into Ranks of World’s Most Valuable Banks
A homegrown Indian company will for the first time rank among the world’s most valuable banks after completing
2023-06-30 09:46
The Three Biggest Letters in Carbon Removal Are MRV
Last year, a group of Norwegian auditors touched down in a remote corner of Iceland to meet with
2023-06-30 09:21
Oil Heads for First Back-to-Back Quarterly Decline Since 2019
Oil was on track for its first back-to-back quarterly loss since 2019 as persistent concerns over the demand
2023-06-30 08:52
Meituan Joins AI Race by Buying Co-Founder’s Months-Old Firm
Meituan is buying a co-founder’s generative AI startup for almost $234 million, a deal that gets the food-delivery
2023-06-30 08:49
Tokyo Inflation Speeds Up Again as Japan Production Sputters
Inflation in Tokyo re-accelerated for the second time in three months in June, an outcome that supports expectations
2023-06-30 08:20
Wanda Faces Key Payment Test as Bond Setback May Revive Concerns
Dalian Wanda Group Co., one of China’s largest private conglomerates, is set to face its biggest bond-repayment test
2023-06-30 07:24
Western Global Founder Buys Debt in Bid to Keep Airline Afloat
Western Global Airlines LLC founder and Chief Executive Officer Jim Neff bought the cargo airline’s deeply distressed secured
2023-06-30 07:22
Apple Stock Has Another 30% Upside, Citi Says in New Buy Rating
Apple Inc. has room to rally another 30%, according to Citigroup Inc., even after a surge that’s sent
2023-06-30 06:58
Asia Stocks Set for Muted Open After Bond Selloff: Markets Wrap
Asian stocks were set for a mixed open to the last day of the quarter on Friday following
2023-06-30 06:48