Floods brought on by days of heavy rainfalls have been ravaging several European countries, with thousands of people being evacuated the the death toll rising.
It’s a big week for central banks around the world, with a slew of rate moves on the table
The Federal Reserve’s highly anticipated two-day meeting, which gets underway on Tuesday, is poised to take center stage.
Global Fungible Money Flows Heighten Volatility Risks
Rapid yen appreciation in the third quarter triggered a brief-but-disruptive volatility surge across major asset markets, demonstrating the fleeting nature of “liquidity-on-loan.”
China’s local government debt problems are a hidden drag on economic growth
China’s persistent consumption slowdown traces back to the country’s real estate slump, and its deep ties to local government finances — and debt.
Trump safe, suspect in custody as FBI investigates apparent ‘attempted assassination’
U.S. Secret Service officers fired shots at a gunman located near the property line of Donald Trump’s golf course in Florida.
Hong Kong stocks fall as investors digest China economic data, await Fed rate verdict
Several Asia-Pacific markets were closed Monday; Aussie, Taiwan stocks higher on hopes that Fed will kick off the rate-cutting cycle with a 50 basis point cut.
India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
India can achieve sustainable economic growth of up to 8% over the medium term, according to the country’s central bank governor.
Why the European Union’s tariffs on Chinese automakers may not work
Supporters say EU tariffs on Chinese EVs will offset harm of Chinese subsidies. Critics say they will slow EV adoption and hurt some European carmakers.
China’s retail sales and industrial data miss expectations in August
Growth in the world’s second-largest economy has slowed after a disappointing recovery from Covid-19.
Shein and Temu prices are set to get a lot higher as Biden takes aim at retailers linked to China
Critics say Shein and Temu are able to offer low prices because they evade import duties under the de minimis exemption — a loophole that could soon be closed.