Dimon warned of “storm clouds” on the horizon for the US economy and predicted that the odds favor a “harder recession” or “maybe something worse.” …
FINANCE
China’s central bank lowers policy loan rate by 10 bps to assist economic recovery
China’s central bank on Monday lowered its one-year policy loan rate as well as the seven-day reverse repo rate both by 10 basis points (bps), a move that reflected the country’s continued policy of …
China growth slows across all fronts in July, prompting unexpected rate cut
The fresh evidence of China’s slowdown adds to the headwinds facing the global economy this year, which is already reeling from geopolitical events and inflation.
So, Just How Bad Is China Right Now, Really?
The short answer is not great, as its economy isn’t as robust as thought and its housing market is under duress.
People’s Bank of China cuts lending rate after lockdowns drag down growth
China’s central bank has cut a key lending rate to help shore up growth after the economy slowed in July as it struggled to recover from strict Covid lockdowns …
Beijing rate cut adds to concerns about the health of shipping’s most important economy
Economic signals from China, the world’s most important shipping nation, continue to alarm shipowners.The surprise financial news out of Beijing today was the decision by the People’s Bank of China to …
China’s housing market troubles need a ‘holistic solution’ from financial regulators, says HSBC
Jing Liu, chief China economist at HSBC, discusses the outlook for China’s property sector and the impact that the country’s zero-Covid policy has had on the economy.
China gets surprise rate cut as growth sputters
STORY: China’s central bank is bucking the global trend for rate hikes. Instead, Monday (August 15) saw it cut key lending rates. The People’s Bank of China took action after new data showed economic …
Fentanyl Is the Leading Cause of Death for Young Americans. China Is Shipping It Here | Opinion
Drug poisonings are the leading cause of death for Americans 25-44. China is shipping record amounts of fentanyl here where it is killing Americans.
China Bonds Rally as Rate Cut Reinforces Split With Treasuries
China’s sovereign bonds are back on the menu for foreign investors.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetHow the US Toppled the World’s Most Powerful Gold …
China forced to cut rates as zero-Covid policy hits growth – live updates
UK’s first four-day week trial battles staff confusion and rota chaos Saudi Aramco rakes in record £40bn profit FTSE 100 edges higher Roger Bootle: Our ailing economy needs another dose of Thatcher’s …
China forced to cut rates as zero-Covid policy hits growth – live updates
UK’s first four-day week trial battles staff confusion and rota chaos Saudi Aramco rakes in record £40bn profit FTSE 100 edges higher Roger Bootle: Our ailing economy needs another dose of Thatcher’s …
Gloomy China Economic Outlook Cools Stocks Rally: Markets Wrap
U.S. equity-index futures slipped, stocks were mixed and commodities from oil to iron ore tumbled as disappointing data from China further clouded the outlook for the global economy.Most Read from …