A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the…
Read more India set to be world’s third largest economy by 2027, finance ministry saysBeautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty…
Read more Five reasons why India stocks are rallying and could keep goingPedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg | Bloomberg | Getty Images India’s stock market…
Read more India overtakes Hong Kong to become the world's seventh largest stock marketThe Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul…
Read more Fed needs to cut rates at least five times next year, portfolio manager saysShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hao Hong, chief economist at Grow Investment Group, discusses China’s economic outlook and Chinese banks’…
Read more China’s property market: Two of China’s biggest lenders still have a lot of debt issue to resolve, says economistAn employee works on the assembly line of LED lighting products in China. Vcg | Visual China Group | Getty Images China’s consumer prices fell in October, as…
Read more China’s consumer prices swing to declines in OctoberDBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on…
Read more Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years with surging debt…
Read more Zombie firms are filing for bankruptcy as the Fed commits to higher ratesCountry Garden shares tumbled to fresh eight-month lows Monday, extending losses on renewed debt fears for the Chinese property sector. Future Publishing | Future Publishing | Getty Images…
Read more Country Garden draws closer to debt deadline, as default risk loomsThe artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels.…
Read more A.I. trade is leaving investors vulnerable to painful losses: EvercoreRichard Baker | In Pictures | Getty Images Only two months ago, SL Green & Co. chief executive Marc Holliday was sounding happy. The head of New York’s…
Read more The coming commercial real estate crash that may never happenSAN SALVADOR, El Salvador — El Salvador’s government announced Tuesday that it will make a second buyback of its sovereign debt bonds maturing in 2023 and 2025 as…
Read more El Salvador to repurchase more of its debtStocks ended higher on Wall Street but still wound up with weekly losses after several days of bumpy trading. Some retailers posted big gains after reporting surprisingly strong…
Read more How major US stock indexes fared Friday 11/18/2022WASHINGTON — The U.S. economy grew faster than expected in the July-September quarter, the government reported Thursday, underscoring that the United States is not in a recession despite…
Read more EXPLAINER: How will we know if the U.S. is in recession?Stocks closed higher on Wall Street Friday, notching sizable weekly gains for major indexes. The benchmark S&P 500 rose 2.4% Friday, while the Dow Jones Industrial Average and…
Read more How major US stock indexes fared Friday 10/21/2022BEIJING — Asian stock markets were mixed Wednesday after Wall Street rose on strong corporate profit reports. Tokyo advanced while Shanghai and Hong Kong declined. The yen stayed…
Read more Asia stocks mixed after Wall St rises on corporate profitsLONDON — The U.K.’s new Treasury chief ripped up the government’s economic plan on Monday, dramatically reversing most of the tax cuts and spending plans that new Prime…
Read more UK leader in peril after Treasury chief axes ‘Trussonomics’Credit Suisse has agreed to pay $495 million as part of a settlement with the U.S. over a yearslong dispute tied to mortgage-backed securities, an investment vehicle that…
Read more Credit Suisse pays $495M tied to mortgage-backed securitiesWASHINGTON — The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday that logs America’s daily finances. Edging closer to the…
Read more US starts fiscal year with record $31 trillion in debtNEW YORK — More than half of Americans believe it’s unlikely younger people today will have better lives than their parents, according to a new poll from the…
Read more Poll: Many pessimistic about improving standard of living
