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 11:15
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 10:24
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 08:45
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 06:52
Inventor of ‘Balance-Sheet Recession’ Says China Is Now in One
China is falling into a “balance-sheet recession” and needs to ramp up fiscal stimulus quickly to address the
2023-06-30 06:50
ECB Hiking Critics Keep Up Political Heat From Portugal to Italy
Criticism of European Central Bank monetary tightening is persisting, with a new round of attacks on Thursday from
2023-06-29 21:15
Riksbank Extends Tightening as Krona Weakness Fuels Prices
Sweden’s Riksbank raised borrowing costs and pledged accelerated bond sales, a response to stubborn inflation and a weak
2023-06-29 18:57
China Regulators Step Up Yuan Surveys as Currency Slump Worsens
China’s regulators are stepping up scrutiny of currency trading and cross-border capital flows, according to people familiar with
2023-06-29 18:15
UK Bond Trading Is Surging as Wealthy Brits Grab Tax-Free Gilts
Wealthy UK investors are buying up gilts at a frenetic pace to take advantage of tax perks and
2023-06-29 14:22
After 99% Stock Rout, Debt-Stricken Thai Firm Stark Seeks Way to Avoid Delisting
Stark Corp., the Thai industrial cable maker at the center of an accounting scandal and debt default that
2023-06-29 12:22
China on Track to Blow Past Xi’s Clean Power Goal Five Years Early
China is on track to almost double its wind and solar capacity by 2025 and blow past the
2023-06-29 11:49
China’s Arsenal of FX Support Is Ready as Yuan Pessimism Lingers
China may need to dig deeper into its policy kit to arrest a slide in the yuan, if
2023-06-29 11:22
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