The Federal Reserve may very well be done hiking rates for now, but US stocks still face a pullback from the risk of a hard economic landing, according to Bank of America Corp. strategists.
(Bloomberg) — The European Central Bank hasn’t yet decided what to do this month but the end of its interest-rate hiking cycle is near, according to Governing Council member Francois Villeroy de Galhau.
Former US House Speaker Nancy Pelosi says relations between the US and China are hindered by a lack of “shared values” between leaders even if the world’s two largest economies must reach accommodations on behalf of a “shared planet.”
Chinese President Xi Jinping is planning to skip next week’s Group of 20 summit in New Delhi, according to officials familiar with preparations for the meeting, a snub that’s likely to aggravate an already rocky relationship with India.
Samsung Electronics Co. leapt more than 6% on reports the company has won the right to supply advanced memory chips to AI leader Nvidia Corp.
Russian-led forces are staging joint military exercises in Belarus near the border with Poland, weeks after President Vladimir Putin warned Warsaw that he would treat any “aggression” toward Minsk as an attack on his own country.
The number of Swedish companies going out of business reached the highest level since at least 1999, with several large builders going bankrupt as construction of new homes is screeching to a halt.
Russia said a Ukrainian drone hit a building in the town of Kurchatov that’s home to one of the country’s most powerful nuclear plants, the second such incident in the past two months.
Switzerland’s inflation rate stopped slowing in August, offering policymakers a final picture of domestic pressures before their quarterly decision on whether or not to raise borrowing costs.
India’s weakest monsoon rains in about a century are becoming the biggest risk for the fast growing economy as food prices rise and farming incomes fall on lower crop production, according to economists.
