Japan’s businesses cut spending for the first time in five quarters in a sign of concerns over the global growth outlook, an outcome that may prompt a downward revision to second-quarter economic growth data.
China’s local governments are accelerating the pace of borrowing for infrastructure investment, a move that could help lift economic growth while also putting pressure on financial markets.
Oil held gains after a five-day advance driven by a slump in US inventories and speculation that OPEC+ leaders will prolong supply cuts.
Chinas embassy in Washington on Tuesday defended its business practices after U.S. Commerce Secretary Gina Raimondo said U.S. firms had told her that China had become "uninvestible."
China’s largest exchange-traded fund focused on stocks is poised to see its biggest monthly inflow on record, a sign that some investors are buying the dip and betting on a turnaround amid enhanced policy support. Huatai-Pinebridge CSI 300 ETF has attract
Japan’s unemployment rate rose for the first time in four months in July, while a gauge of labor demand weakened a tad, in a pair of worrisome signals for both the Bank of Japan and the government.
Oil steadied as equity markets ticked higher and traders waited for the next set of clues on the outlook for crude demand in the US and China.
Credit investors have decided that they’re more than willing to fight the Federal Reserve as the central bank vows to keep rates high.
Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep borrowing costs high until inflation is on a convincing path toward the Fed’s 2% target.
Mortgage rates climbed higher above 7% this week, marking a 22-year high and shattering the American Dream for many.
European Central Bank Governing Council member Boris Vujcic said officials need more data about the trajectory of inflation to judge whether interest rates have risen far enough.
Asian semiconductor stocks got a fresh boost from a stellar set of results at Nvidia Corp., the standard bearer of the artificial intelligence theme that propelled gains in the sector earlier this year.
Grab Holdings Ltd. shares jumped 11% after the company brought forward its profitability target and posted a narrower quarterly loss, buoyed by extensive cost cuts at the Southeast Asian ride-hailing and food-delivery provider.
China vowed to take “necessary steps” to safeguard food safety and the marine environment after Japan set a date to begin flushing treated nuclear wastewater from the Fukushima site into the Pacific Ocean.
International funds will resume investing in Thailand, boosting equities and the baht, following the appointment of a new prime minister after a three-month political impasse triggered withdrawals, according to the nation’s largest private money manager.
