Chinese Banks Challenged as Economy Wobbles and Property Market Woes Mount
Chinese banks reporting earnings next week are wrestling with a range of operating challenges as the economy and
2023-08-18 09:58
South African Reserve Bank Leaves Door Open to More Hikes
South Africa’s central bank remains concerned by the risks to the inflation outlook and may resume hiking interest
2023-08-17 18:46
Heat Stifles Parts of Europe as Tenerife Fires Force Evacuations
Temperatures are rising across the continent as wildfires destroy parts of a Spanish island and Germany issued red
2023-08-17 18:23
South Africa Sees Deal With China to Secure Solar Panel Supply
South Africa’s electricity minister said he expects to seal a deal with the Chinese government next week that
2023-08-17 17:57
Norway Raises Key Rate and Signals Last Hike in September
Norway’s central bank raised borrowing costs to the highest level since the 2008 financial crisis and signaled it
2023-08-17 16:17
China Is Dragging Smartphone Market to Worst Year in a Decade
Global smartphone shipments are headed for their worst year for over a decade as prolonged economic uncertainties in
2023-08-17 13:55
China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure
2023-08-17 11:22
Trump-Tied SPAC’s Rally at Risk as Sponsors Need More Time
The blank-check company seeking to take Donald Trump’s media company public sweetened the proposed deal to keep the
2023-08-17 06:17
DeSantis Braces for Onslaught at Debate With Trump Set to Skip
Florida Governor Ron DeSantis’s campaign is bracing for a battle royale in next week’s Republican presidential debate as
2023-08-17 03:29
Rand Seen Getting a Boost From Better South African Power Supply
South Africa’s rolling blackouts have been blamed by strategists as the single biggest factor weighing on the rand.
2023-08-16 21:50
Dollar Shortage Forces Pakistan Factories to Halt Production
Pakistan’s iron-clad grip on its dollar holdings may be keeping its currency stable, but it’s also hurting local
2023-08-16 19:21
Europe Heat Builds as Some French Citizens Told to Stay Home
The heat wave that’s baking continental Europe is spreading further as citizens in southeast France were told to
2023-08-16 18:22