When Premier Li Keqiang took the stage Thursday at theWorld Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders that although China faces challenges, growth is on track and fundamentals remain sound.
In a report Wednesday, he pushed out his forecast for the Fed’s first interest-rate increase in nearly a decade until October. That’s a change from two weeks ago, when he and his team predicted that steady growth in the economy would lead the Fed to raise
Apple Inc. unveiled a suite of product upgrades at its hardware event on Wednesday, including a pair of new iPhones,
Global markets yesterday shrugged off a big fall in China’s monthly imports after figures showed the eurozone economy strengthened this year.
At the end of every August, central bankers and financiers from around the world meet in Jackson Hole, Wyo., for the U.S. Federal Reserve’s economic symposium. This year, the participants were greeted by a large group of mostly young people, including man
Chinese banks just reported the worst earnings in a decade. The Big Four banks saw virtually no profit growth. See my September 2 blog “Value Trap: China Banks Report The Worst Earnings In A Decade“. Agricultural Bank of China (1288.Hong Kong), ICBC (1398
osses have been driven by international worries, which are outweighing some more-positive domestic signs. But Patrick Legland, Societe Generale’s global of head of research, says the selloff in developed equity markets has gone too far and offers up three
Wall Street is in the throes of a wild guessing game. The question on everyones minds: September or December?
Senior Chinese officials have telegraphed confidence in their economy’s underlying solidity, predicting a stabilization in their stocks and currency in a presentation set to be tested in coming weeks.
Bill Gross, the former Pimco "bond king" now with Janus Capital, believes the Federal Reserve could – and should – raise interest rates in September and then hold off on another rate hike for at least six months, a strategy he calls “one and done.”
Every day there are headlines about slowing economic growth in China, and the country’s currency devaluation last month was a catalyst for painful volatility and declines of stocks worldwide. But these events may point to a longer-term problem that U.S. i
The Brazilian real has lost 28% against the dollar just this year. The Turkish lira 20%, Colombian peso 23% and the Indonesian rupiah is down 11% versus the dollar in 2015.
There are those who say this is only the beginning. Get ready for a deeper crash. Then there are those who argue this is just a healthy blip and that stocks will keep going up. Goldman Sachs (GS), for example, still predicts the market will end the year h
“Death cross” patterns continue to spread through the stock market like an epidemic, even infecting market segments believed to be more insulated from overseas turmoil.
U.S. stocks joined a worldwide selloff, after equities’ worst month in more than three years, amid continuing concerns that China’s slowdown will weigh on the global economy.
