Tag: breaking news
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China’s global hunt for tax revenue may be just getting started
Beijing’s recent push to tax offshore wealth may be only the opening phase of a broader campaign that could eventually reach overseas properties, inheritances.
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China-Philippines tensions simmer after Beijing rebukes Manila over Seoul clash
China and the Philippines have been locked in years of tension over their competing claims in the South China Sea, with friction intensifying in recent months.
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The likelihood of a Fed interest rate hike next week just got a lot higher
Traders pushed chances for a rate increase to 70% in morning action.
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Wholesale prices rose 0.4% in August, as expected
The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.
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‘Saved the day’: How China helped keep the lid on oil price surge as Iran war disrupted supplies
China’s crude stockpiling and subsequent pullback on purchases since the war erupted in late February has helped the world avoid a deeper energy crisis.
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Treasury Department to buy back up to $6 billion in longer-term debt, triple the normal level
The much-anticipated announcement triples the normal buyback operation and follows an announcement from Treasury Secretary Scott Bessent.
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Why the Fed’s interest rate call could come down to a few hundredths of a percentage point
As markets vacillate between which way they see policymakers leaning, all eyes will turn to economic reports measuring producer and consumer prices.
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China’s imports in August miss estimates as exports pick up pace amid calls for rebalancing trade
China’s exports and imports gathered momentum in August, as the world’s second-largest economy faces mounting pressure to rebalance trade.
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China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections
With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.
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U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.
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