New Zealand Cuts Spending Plans as Downturn Strains Budget
New Zealand’s government is tightening its belt as a domestic recession and concerns about China’s faltering economy erode
1970-01-01 08:00
China’s Economic Slump Continues to Batter Old Economy Steel and Coal Sectors
China’s slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline
1970-01-01 08:00
Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
Argentina’s Economy Ministry announced measures to improve government workers’ salaries and funnel money toward retirees and poorer families,
1970-01-01 08:00
Didi Sells Smart Car Arm to China’s Xpeng for $744 Million
Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for HK$5.84 billion
1970-01-01 08:00
Offshore Yuan Seen Tumbling to New Low Against Dollar in China Selloff
Global investors have little confidence that China will succeed in shoring up its financial markets, predicting that mounting
1970-01-01 08:00
Flagging Growth Fuels Tensions Clouding Vietnam Premier’s Future
While disagreements are common between elected leaders and central bankers, they’re unusual in one-party, Communist-run nations. When they
1970-01-01 08:00
Asia Stocks Set for Small Gains; Currencies Steady: Markets Wrap
Asian stocks look poised to follow US equities with modest gains Monday after Jerome Powell said the Federal
1970-01-01 08:00
Tech-Reliant Won Counts on Boost From Nvidia’s Sales Forecast
AI chipmaker Nvidia Corp.’s better-than expected earnings may be the catalyst the tech-reliant Korean won is looking for.
1970-01-01 08:00
At Jackson Hole, Post-Inflation Challenges Vex Central Bankers
The world’s top central bankers stressed the need to keep interest rates high until inflation is contained —
1970-01-01 08:00
Germany’s Ruling SPD to Push for Stricter Rent Caps, Bild Says
Germany’s ruling Social Democratic Party will vote on a proposal for lower limits on rent increases as a
1970-01-01 08:00
US Energy Exports on Agenda for G-7 Meeting, McCarthy Says
House Speaker Kevin McCarthy said he plans to promote US natural gas exports at a meeting with his
1970-01-01 08:00
3M Agrees to Pay More Than $5.5 Billion Over Military Earplugs
3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it
1970-01-01 08:00