Bloomberg Business

Yellen Says IMF, World Bank Are Important Counterweights to China

Treasury Secretary Janet Yellen on Tuesday will cast international financial institutions as American-aligned counterweights to China’s growing influence in the developing world, as she seeks to garner congressional support for US financial backing of those lenders.

Vietnam Stocks Rally to Close at 2023 High as Outlook Improves

Vietnam’s stocks rose, with the benchmark index closing at its highest level in more than eight months, as easing monetary policy and government efforts to boost the economy brighten the outlook for the nation’s equities.

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