Bloomberg Business

China’s economic recovery weakened in May as growth in industrial output and retail sales slowed, putting pressure on policymakers to step up stimulus.

New Zealand led the world in raising interest rates to combat the post-pandemic inflation wave. Now it’s officially in recession in a possible harbinger of what lies ahead for others.

Investors expect the US Federal Reserve will keep raising interest rates, with most not anticipating cuts to begin until well into 2024.

China’s home prices grew at the slowest pace in four months in May, underscoring the challenges the market is facing as economic growth loses momentum.

Goldman Sachs Group Inc. and Citigroup Inc. are starting to cut another 35 investment-banking jobs across Asia this week, after revenue from stock sales and mergers slumped further in the second quarter, people familiar with the matter said.

Japan’s exports expanded at the weakest pace in over two years amid a global economic slowdown, adding to uncertainty over the country’s growth outlook amid speculation Prime Minister Fumio Kishida may be considering an early election.

The US and India are likely to agree to jointly manufacture fighter jet engines in the South Asian nation when Prime Minister Narendra Modi visits Washington next week, a sign of closer military cooperation between the two countries in the face of China’s growing assertiveness.

As China seeks to shore up its faltering economy, officials are rewarding citizens with travel discounts and offering companies cheaper loans — but only for the best behaved.

A former Barclays Plc trader said he got an insider tip from an ex-Goldman Sachs Group Inc. vice president at a squash court after having too many drinks.

President Joe Biden defended his record confronting climate change and earned the endorsement of major conservation groups as he sought to consolidate support for his 2024 reelection campaign at a gathering of climate activists Wednesday.