Two years after Evergrande’s debt troubles, worries about China’s real estate sector are coming to the forefront again.
China slams Biden’s order limiting U.S. overseas tech investment
“This seriously deviates from the market economy and fair competition principles that the U.S. has always advocated,” the Chinese Ministry of Commerce said.
Wall Street says buy the dip on India’s Nifty 50 — and Morgan Stanley names its favorite stock
Bank of America said the change in outlook from its U.S. economics team was a key driver behind their India stock market prediction.
Asia markets mixed ahead of U.S. inflation data
The U.S. consumer price index is expected to come in at 3.3% for July, slightly higher than the 3% for June
White House restricts U.S. investment in some Chinese tech, citing national security concerns
An official said the executive order is carefully focused so as not to stifle business between the world’s two largest economies.
Obesity drug Wegovy’s landmark trial result could ‘open up’ health insurance access, analyst says
Popular weight-loss drug Wegovy could be made available under more health insurance schemes after the results of a late-stage trial pointed to the drug’s efficacy in reducing cardiovascular events, analysts said Wednesday.
Cat-sitting to save on travel costs? I looked after 5 and got a free place in Spain for two weeks
Cat-sitting in Mallorca, Spain, allowed me to live like a local, exploring the island’s beaches, mountains and food. I even borrowed the cat-owner’s car.
China hawk says Beijing could attack Taiwan by 2024, bringing ‘war to the West’
Prominent China hawk Kyle Bass told CNBC Tuesday that he believes Chinese President Xi Jinping is determined to “bring war to the West,” with an invasion of Taiwan likely by 2024.
Italian bank stocks rebound as government waters down windfall tax
Italian bank shares rebounded on Wednesday after the government watered down a surprise windfall tax on excess profits announced earlier this week.
The Fitch Downgrade: The Principal–Agent Problem in Modern Finance
Fitch Ratings’ US credit downgrade highlights a latent principal–agent problem in modern financial markets: Investors have outsourced much of their risk management to the rating agencies.