Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US banks, S&P Global Ratings is downgrading and dimming its outlook for several more — citing a similar mix of pressures making life “tough” for lenders.
Treated water from the wrecked Fukushima plant will be discharged into the sea from this week, a proposal that’s prompted alarm from nations including China.
Cambodia’s parliament voted on Tuesday to approve a new government led by the son of outgoing leader Hun Sen following an election last month widely criticized as neither free nor fair.
Funding costs in China’s offshore market rose by the most in six years amid speculation that authorities in Beijing are making it more expensive to bet against the currency.
A Hong Kong businessman whose wife was arrested in Vietnam has emerged as the latest desperate seller in the city’s increasingly turbulent property market.
Ukraine’s President Volodymyr Zelenskiy visited Athens, where he asked Greece to help ensure his country’s access to the Black Sea and protect grain shipments.
Japan’s 10-year government bond yield reached a new nine-year high Tuesday amid upward pressure in global interest rates.
Singapore’s government bonds are attractive as a haven from the mounting economic problems in China and a hawkish Federal Reserve that’s prepared to keep raising interest rates, according to Fidelity International.
Japan will begin a contentious plan to release treated wastewater from the wrecked Fukushima nuclear plant into the Pacific Ocean on Aug. 24.
President Joe Biden toured areas of Maui devastated by recent wildfires and where hundreds of people are still missing, calling it an “unimaginable tragedy,” and seeking to reassure residents frustrated by his handling of the disaster.
