Australia’s incoming central bank governor Michele Bullock said that policymakers may need to raise interest rates further, reinforcing that decisions will be taken on a month-by-month basis until 2024.
China vowed to strengthen policy support and speed up government spending as the economy’s recovery comes under strain.
Just as the world becomes more like him, a challenger has emerged who emulates the Mexican president’s populist methods.
China’s biggest state-owned banks are considering lowering deposit rates for at least the third time in a year, according to people familiar with the matter, as they ramp up efforts to boost the economy and protect margins.
Commerce Secretary Gina Raimondo told Chinese Premier Li Qiang on Tuesday the US wants to maintain economic ties with Beijing as the world’s two largest economies work to ease strains during her high-profile trip to China.
The outlook for European stocks whose fortunes are most closely linked to growth in the economy is becoming bleaker, thanks to faltering business activity and China’s downbeat recovery, according to JPMorgan Chase & Co. strategists.
German businesses are increasingly curbing investments and eyeing production abroad amid high energy prices at home.
Airtel Uganda Ltd. plans to raise as much as 800 billion shillings ($216 million) in an initial public offering, making it the nation’s biggest share sale.
The city now has fewer dirty cars and better air quality, and while the expansion of the Ultra Low Emission Zone has sparked controversy in the UK, it’s inspired mayors around the world to consider similar plans.
A decline in exports dragged down Sweden’s economy in the second quarter, even as output contracted less than previously estimated.
