UBS Ends $10 Billion State Backstop That Helped Seal Merger
UBS Group AG decided to end an agreement with the Swiss government to cover losses it could incur
2023-08-11 15:52
UK Economy Stronger Than Expected After Coronation Holiday
The UK economy grew more strongly than expected in the second quarter after activity roared back in June
2023-08-11 14:27
Sliding Aussie Seen Stoking Prices as Shock-Absorber Fades
Australia’s depreciating currency, historically a boon for the world’s 12th largest economy, appears more likely to fuel inflation
2023-08-11 12:49
Britain’s Gen Z Workers Seek Lower Stress Jobs Over the Hustle
Gen Z workers in the UK are increasingly searching for less stressful jobs that still pay a reasonable
2023-08-11 12:19
China to Shift $139 Billion of Troubled LGFV Debt to Provinces
China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay
2023-08-11 11:47
Biden Fears China Is ‘Ticking Time Bomb' Posing Danger to World
President Joe Biden blasted China’s economic problems as a “ticking time bomb” and referred to Communist Party leaders
2023-08-11 11:22
Once China’s Top Builder, Country Garden Turns Into Penny Stock
Country Garden Holdings Co., formerly China’s largest developer by sales, has become a Hong Kong penny stock amid
2023-08-11 11:16
RBA’s Lowe Says Policy Has Now Entered ‘Calibration Phase’
Australia’s central bank chief Philip Lowe said monetary policy has now entered a “recalibration phase” under which the
2023-08-11 08:50
Thousands of Tiny Hedge Funds Face Closure in China Shakeup
China’s 6 trillion yuan ($832 billion) hedge fund industry is bracing for a historic shakeup that will likely
2023-08-11 08:16
Asia Stocks Set for Mixed Open After Tame US Data: Markets Wrap
Stocks in Asia were headed for a mixed open amid bets that Federal Reserve policy will remain tight
2023-08-11 07:55
NYC Faces Budget Gaps of $40 Billion Through 2027, DiNapoli Says
New York City could face a cumulative budget gap of $40 billion over the next four years thanks
2023-08-11 06:27
US Supreme Court Halts Purdue’s $6 Billion Opioid Pact, Will Hear Appeal
The US Supreme Court agreed to consider scuttling Purdue Pharma LP’s $6 billion opioid settlement, taking up a
2023-08-11 04:49