House Speaker Kevin McCarthy dismissed threats from Republican hard-liners to oust him over the debt-limit deal he forged with President Joe Biden and expressed confidence Tuesday that lawmakers will pass legislation in time to avert a US default.
Korea’s ambitions to become a developed market is spurring money managers to have second thoughts on whether such a move is a good idea — or even worth it.
Turkey’s economy was boosted at the start of the year by pre-election spending and strong household consumption. The rest of 2023 will probably be tougher as the newly re-elected president battles a cost-of-living crisis.
Asian stocks are poised to slide Wednesday after momentum in US equities faded and Congress considered the debt accord that’s needed to head off a catastrophic default.
Japan’s biggest life insurers have ramped up their use of longer-dated currency hedges to a record to escape sky-high costs, a move which also suggests an increase in purchases of riskier securities that benefit from more protection.
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