China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump and weak consumer spending.
Donald Trump and his 18 co-defendants have until noon on Aug. 25 to surrender to authorities in Fulton County on charges of trying to overturn the former president’s loss in the 2020 election in Georgia.
Jinko Solar Co., one of the world’s largest panel producers, fell as much as 12% after outlining plans to raise 9.7 billion yuan ($1.3 billion) for a manufacturing facility, underlining the sector’s ongoing need for major investments in new plants.
Australia’s central bank sees a “credible path” to return inflation to its 2-3% target with interest rates at their current level, minutes of its Aug. 1 meeting showed, suggesting a higher hurdle to further tightening.
An Atlanta grand jury handed up indictments amid a local prosecutor’s probe over former President Donald Trump’s efforts to undo his 2020 election defeat in Georgia.
Chinese state-run media outlets are adding credence to speculation that an executive who helps wealthy families move their money to the US was among those detained last week for illegal currency trading, as President Xi Jinping’s government moves to prevent capital outflows in the face of economic woes.
The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell a roughly 28% stake to Dubai-based startup NWTN Inc., sending the carmaker’s shares soaring Tuesday on expectations the deal could keep it in business.
South Korean President Yoon Suk Yeol said Japan is a partner sharing common values, extending an olive branch to his neighbor in a speech marking the end of Japanese colonial rule over the Korean Peninsula in 1945.
Australian salaries grew at a much slower pace than inflation in the three months through June, suggesting the economy will avoid a wage-price spiral and the Reserve Bank is likely to stand pat for a period.
House Speaker Kevin McCarthy on Monday told Republican colleagues that he expects a “short-term” funding measure to keep US federal agencies running would be necessary to avoid a government shutdown and give the House and Senate more time to negotiate comprehensive spending legislation.
