Chinese asset manager eyes restructuring to ease liquidity crunch amid contagion fears
(Reuters) – Faced with a liquidity crisis, Zhongzhi Enterprise Group will conduct a debt restructuring, the Chinese asset manager has…
Schumer: Government funding resolution agreement with McCarthy is ‘good sign’
(Reuters) – U.S. Senate Majority Leader Chuck Schumer on Wednesday said he met with House Speaker Kevin McCarthy a few…
Iraq set in ‘battle’ against dollar smugglers, central bank governor says
(Reuters) – Iraq has made strides implementing U.S. dollar supply restrictions targeting Iran but faces an uphill battle with a…
S&P sees Indian economy growing by average 6.7% to 2031 amid short-term challenges
(Reuters) – S&P Global (NYSE:SPGI) on Thursday projected the Indian economy to grow by an average annual rate of 6.7%…
Fed meeting minutes could hint at end of rate hikes
(Reuters) – The minutes of the Federal Reserve’s policy meeting last month may indicate on Wednesday how many policymakers feel…
Target cuts annual forecasts as Americans hold back on non-essential spending
(Reuters) – Target on Wednesday lowered its full-year sales and profit expectations and forecast a dour third quarter, in another…
Canadian inflation jumps in July, raising prospect of another rate hike
(Reuters) – Canada’s annual inflation rate surged more than expected to 3.3% in July as core measures eyed by the…
US retail sales increase more than expected in July
(Reuters) – U.S. retail sales increased more than expected in July as Americans boosted online purchases and dined out more,…
Analysis-China trust deficit: crisis spurs shadow banking policy response calls
(Reuters) – Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer…
J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) – J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat…