The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly …
Tagged By financials
World Bank Forecast Underscores Cost of U.S. Trade War
Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.
Rumors to drive markets until concrete updates on U.S.-China trade talks emerge: FHN Financial
Yields on 10- and 30-year Treasurys were falling on Tuesday as a risk-off mood in Europe spilled over into premarket action in New York. The 10-year yield was down 4 basis points to 4.45% Tuesday,…
China has an ace up its sleeve in trade talks with the U.S. and stocks are going nowhere until Beijing plays it
There is no telling how the trade talks between the U.S. and China will pan out but China appears to be sitting at the table with a persuasive advantage: It has a global monopoly on…
US stock futures little changed as investors await US-China trade talk news
One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China’s releasing of more rare earths.
Pop Mart’s Labubu becomes bait for China’s Ping An Bank to lure young customers
Retail banks on the mainland struggle to attract young customers amid low deposit rates and customer declines, analysts say.
Trump tariffs live updates: US-China trade talks resume on Tuesday after signs of progress
Trade talks between the US and China resumed on Tuesday after six hours of discussions between top officials in London on Monday. Tuesday’s talks are expected to continue to focus on easing tensions …
China can shrug off U.S. tech controls, thanks to open-source design and chip packaging techniques, says Huawei’s founder
Nevertheless, Ren Zhengfei cautioned that Huawei still isn’t quite as successful as the U.S.’s fears make it seem.
Stock market today: Dow, S&P 500, Nasdaq futures fluctuate as US-China trade talks enter second day
US stock futures were stuck in a holding pattern on Tuesday as renewed US-China trade talks entered their second day after an upbeat initial meeting. Futures on the Dow Jones Indu …
Former ICBK chief alleges China’s largest bank fired him over efforts to comply with Canadian laws
Lubin Wang claims in a lawsuit he faced retaliation as he pushed for adherence to laws aimed at preventing foreign interference …
People’s Bank of China (PBoC): What It Is and Responsibilities
is the central bank of the People’s Republic of China and is located in Beijing. The PBoC has many functions in China’s monetary system, including: The PBoC’s foreign exchange reserves have …
Banking With Beijing
But Beijing’s largess has already ensnared smaller countries in debt with unsustainable mega-projects, and some in Kuala Lumpur see the Chinese characters on the wall.
China Bans Bank From Luring Depositors With Popular Labubu Dolls
A Chinese lender’s stunt to woo depositors with gifts including the wildly popular Labubu dolls has been barred by financial regulators, underscoring the increasingly fraught battle among banks for …
