El-Erian Says the US Economy Can Grow Even With Drag From China
The US can continue to see growth even as worries over the Chinese economy mount, according to Mohamed El-Erian.
The US can continue to see growth even as worries over the Chinese economy mount, according to Mohamed El-Erian.
A turbulent week is over for the ruble, but the widening policy divide it revealed within Russian officialdom is here to stay.
Republican lawmakers are warning Commerce Secretary Gina Raimondo not to let China weigh in on US export controls during her upcoming trip to Beijing, where she may announce a working group with her Chinese counterparts focused on planned American regulation of investment in high-tech Chinese companies.
Henry Gabay, founder of now defunct London-based asset manager Duet Group, told a German court that he’s innocent and that the “devastating” Cum-Ex charges against him are built on lies by his former business associates.
Edward Yardeni, the economist who coined the term “bond vigilantes” during the 1980s and has regularly predicted their return to the investment landscape ever since, said they’re “saddling up.”
Nearly everyone in the New York City region wants a break on a new congestion pricing toll set to take effect in Manhattan next year, but the cost of those exemptions adds up.
The week that saw Argentina bonds selloff and the peso devalue by nearly 20% is coming to an end with investors already bracing for more losses in the aftermath of outsider candidate Javier Milei’s win in presidential primaries.
Hg is weighing options for GGW Group, including a sale that could value the German insurance broker at about €1.5 billion ($1.6 billion), people familiar with the matter said.
Americans are still spending. And the country’s biggest retailers are still warning that the party is at risk of fizzling.
Ukraine opened criminal probe against Russian billionaire Mikhail Fridman, indicating that it may seek his extradition from the UK.