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UK Prime Minister Liz Truss defended a giant package of unfunded tax cuts which sent markets into turmoil this week, saying currencies and economies around the world face tough economic pressures.
(Bloomberg) -- Yuan bears are on the prowl, emboldened by a belief that policy makers in China can do little to battle the surging dollar.
Hurricane Ian barreled ashore in southwest Florida with a massive and deadly surge of water and catastrophic winds that are poised to make it one of the costliest storms in US history.
China’s government is expected to sell bonds worth more than $340 billion for the rest of this year, according to Bloomberg calculations, as it taps the remaining annual quota and refinances maturing special bonds.
The outlook of some Chinese industries from internet to property has turned brighter as much of the bad news has been priced in, according to HSBC Holdings Plc., joining a debate among global investors over the health of the world’s No. 2 stock market.
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