U.S. debt downgrade sinks global markets — but economists are not concerned
Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating, but top economists say there is nothing to worry about.
China’s capital Beijing battered by heaviest rainfall in 140 years
China’s capital Beijing is pummeled by its heaviest rains since 140 years ago, leaving at least 20 dead.
AMD considers making a specific A.I. chip for China to comply with export controls
Nvidia and Intel have already created modified versions of their AI chips to ship to China to comply with export restrictions.
Singapore’s prime minister pledges ‘zero tolerance’ after recent wave of political scandals
A wave of political scandals have rocked Singapore in recent weeks, tarnishing the pristine image that underpins its standing as a global financial center.
HSBC CEO on Farage-Coutts spat: ‘We do not exit clients based on their lawful personal views’
HSBC CEO Noel Quinn said Tuesday that the lender would not “exit a client based on their lawful personal views.”
Goldman Sachs names ‘directors’ cut’ conviction list stocks — and adds 2 names
Goldman Sachs named multiple “most differentiated buy” recommended U.S. stocks, all of which are on its conviction list.
Ukraine has tested its allies’ patience with its military strategy and demands
Most recently, tensions have emerged over Ukraine’s military strategy and demands on NATO.
‘Long way to go’: Bank of Japan douses hopes that policy tweak marks the end of easy policy
Deputy Governor Shinichi Ichida said there is “still a long way to go” before BOJ would even consider raising short-term interest rates to 0%.
Britain faces a mortgage crisis with renters and homeowners in the crossfire. Here’s how to protect your money
Mortgage rates are soaring in Britain. Homeowners, would-be owners and renters are all feeling the impact. Experts weigh in on what’s next.
Bank of England’s next move divides economists as data paints a mixed picture
Market expectations are split over the Bank of England’s next monetary policy move on Wednesday, as policymakers near a tipping point in their fight against inflation.
