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
1970-01-01 08:00
Pakistan Gets IMF Initial Approval for $3 Billion Loan Program
Pakistan clinched an initial approval from the International Monetary Fund for a $3 billion loan program, lowering the
1970-01-01 08:00
Senior China Diplomat Dispatched to Italy to Keep Nation in Belt and Road Initiative
China dispatched a senior diplomat to Italy this week, as Beijing seeks to persuade the European nation not
1970-01-01 08:00
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
1970-01-01 08:00
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
1970-01-01 08:00
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
1970-01-01 08:00
Hailey Bieber Looks to Beat Beauty Brand Fatigue With Rhode Label
Hailey Bieber has grand plans for her skin-care label, Rhode, aiming to stand out in an increasingly crowded
1970-01-01 08:00
Spirit Workers Vote to End Strike at Boeing’s 737 Supplier
Spirit AeroSystems Holdings Inc. workers approved a new labor contract, ending a six-day strike that threatened to disrupt
1970-01-01 08:00
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
1970-01-01 08:00
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
1970-01-01 08:00
UK Business Confidence Rebounds to a 13-Month High, Lloyds Says
UK business confidence rose to a 13-month high in June as firms shrugged off another Bank of England
1970-01-01 08:00
China’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy Fix
It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back
1970-01-01 08:00