China Ramps Up Fight With Yuan Bears to Stop Selloff Spiraling
China extended two lines of yuan defense, pushing up funding costs in the offshore market to squeeze shorts
2023-08-22 11:22
Cambodia’s Hun Sen Seals Political Dynasty as Son Becomes PM
Cambodia’s parliament voted on Tuesday to approve a new government led by the son of outgoing leader Hun
2023-08-22 10:52
Treasury Yields Hit Highest Since 2007 on Elevated Rate Fears
The US bond-market selloff resumed Monday, driving 10-year yields to a 16-year high, as the persistently resilient economy
2023-08-21 23:58
Turkish Banks Warn of Risks in Plan to Curb Lira Protection Tool
Turkish lenders are complaining that tough targets imposed by authorities to curb a tool designed to support the
2023-08-21 22:47
Bond Bulls at JPMorgan, Allianz GI Double Down on Bet Gone Bad
Convinced a recession in the US was near, some of the world’s most prominent money managers loaded up
2023-08-21 18:56
BRICS Expansion Gets Interesting If Saudis Join, Jim O’Neill Says
Adding countries to the BRICS bloc will matter economically if Saudi Arabia is one of them but otherwise
2023-08-21 18:17
Lira Lifesaver Became $124 Billion Gamble That Haunts Turkey
As the lira was approaching a decade of continuous losses, Turkish policymakers hit on an idea that promised
2023-08-21 17:49
Fitch Makes Case for Why Netanyahu Won’t Doom Israel Economy
When Fitch Ratings issued an optimistic report on Israel last week, it defied growing conventional wisdom that the
2023-08-21 16:23
China Local Governments to Sell $206 Billion of Financing Debt
China is taking stronger action to address financial risks of local governments, with Caixin reporting on a plan
2023-08-21 11:17
Fed Can’t Celebrate Yet as Investors Expect Rates, Inflation to Remain Elevated
If they’d been offered today’s economy a year ago – with inflation downgraded from emergency to mere headache,
2023-08-21 08:23
Argentina’s Massa Heads to US For Talks With IMF on Loans
Argentina’s economic minister and presidential candidate Sergio Massa will travel to the US on Monday for talks with
2023-08-21 08:18
Dollar Edges Lower; Asian Stock Futures Mixed: Markets Wrap
The dollar inched lower versus most of its major counterparts while Asian equity futures pointed to a cautious
2023-08-21 06:54