Summers, El-Erian Pile Criticism on Fitch US-Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:16
Treasuries Edge Up as Haven as Fitch Downgrade Spurs Volatility
US Treasuries drifted higher after Fitch Ratings stripped the US of its top-tier sovereign rating, spurring modest demand
2023-08-02 10:58
China Moves to Roll Out Pro-Growth Policies as Economy Struggles
China is turning its focus to rolling out various policy promises to help spur the economy’s recovery as
2023-08-02 10:48
Analysts Say US Dollar’s Drop on Fitch Downgrade Unlikely to Persist
Investors will continue to scoop up Treasuries despite Fitch Ratings’ move to cut the US’ credit rating although
2023-08-02 10:46
Tesla’s NDA Breach Claim Against Rivian Employees Heads to Trial
Almost a dozen former Tesla Inc. employees who left to work Rivian Automotive Inc. can’t avoid a trial
2023-08-02 10:21
Trump’s Third Indictment Spurs Pence’s Rebuke of Former Boss
Mike Pence delivered his strongest criticism yet of Donald Trump, after his onetime boss and current 2024 rival
2023-08-02 09:59
Country Garden Services to Buy Back Shares to Boost Confidence
Country Garden Services Holdings Co. said it’s planning a stock buyback to shore up investor confidence after renewed
2023-08-02 09:55
Global Equities Enjoy Their Best Year-to-Date Gain Since 2009
Global markets have posted their largest year-to-date gains since 2009 when markets recovered from the global financial crisis.
2023-08-02 09:46
Nomura Shares Tumble Most in Two Years After Profit Miss
Nomura Holdings Inc. shares dropped the most in more than two years after Japan’s biggest brokerage posted lower-than-estimated
2023-08-02 09:21
Singapore’s Sky-High Rents Show First Signs of Cooling
Singapore’s rental price growth slowed in the second quarter, cooling a years-long boom that has sapped affordability and
2023-08-02 08:29
New Zealand Jobless Rate Rises, Wages Slow After Rate Hikes
New Zealand unemployment rose in the second quarter and wage inflation showed signs of slowing, indicating the labor
2023-08-02 07:58
Credit Suisse to Shutter Houston Office as Part of UBS Takeover
Credit Suisse Group AG is closing its office in Houston as part of the bank’s emergency takeover by
2023-08-02 07:49