Bank rescues on both sides of the Atlantic. Global markets in turmoil. American and European policy makers rushing to turn the tide. In contrast, China’s markets were calm and buoyant Thursday.
Less than two weeks after the second-biggest bank failure in US history, Federal Reserve Chair Jerome Powell made clear that inflation remains policymakers’ top concern.
An interest rate cut by the Federal Reserve later this year will be too late to boost the stocks and bonds of highly indebted companies, as funding access is already turning restrictive in the wake of the global banking turmoil, investment strategists say.
A dovish Federal Reserve decision and muddier outlook for the US economy may take pressure off next Bank of Japan Governor Kazuo Ueda to reduce the central bank’s ultra-easy policy settings.
Chinese Premier Li Qiang used his first trip out of Beijing since getting the job to reiterate Xi Jinping’s call to boost innovation and self-reliance, underscoring the priority the Asian nation places on countering US efforts to curb its tech ambitions.
Singapore’s core inflation, a key barometer for the central bank, kept its 14-year-high pace in February as officials weigh fresh threats to the global economy amid the Federal Reserve’s resolve to stay the course on tightening.
Tencent Holdings Ltd. jumped its most in three weeks after the Chinese social media leader reported a resumption in revenue growth, fueling hopes of a Chinese economic recovery and looser regulatory environment in 2023.
Malaysia plans to do away with life imprisonment and drop capital punishment for six offenses, as the new government seeks to reform the Southeast Asian nation’s criminal justice system.
China Evergrande New Energy Vehicle Group Ltd. warned it may have to stop making electric cars if it can’t obtain new financing, having delivered just 900 of its much-delayed flagship model.
China Evergrande Group, once among China’s biggest developers and now a poster child for its property crisis, laid out details of a multi-billion dollar restructuring plan that calls for its offshore creditors to swap their debt for new securities.
