Yellen, China’s Liu agree to enhance communication after ‘frank exchange’
U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues.
Ripple CEO is optimistic the crypto firm will get ruling on XRP lawsuit soon, slams ’embarrassing’ SEC
Ripple CEO Brad Garlinghouse said he is optimistic a judge will issue a ruling on its legal dispute with the Securities and Exchange Commission this year.
Oil giant Aramco says windfall taxes ‘not helpful’ and could stifle decarbonization
The energy debate has been dominated by tensions between the need for energy security and a desire for cleaner energy sources to combat climate change.
IEA chief expects Russia to lose the energy battle, sees major difficulties for Moscow’s exports
IEA Executive Director Fatih Birol’s comments come shortly after an independent analysis showed that revenues from Russia’s fossil fuel exports collapsed in December.
Wholesale prices fell 0.5% in December, much more than expected; retail sales fall
The producer price index was expected to decrease 0.1% in December, according to Dow Jones estimates.
John Kerry says thawing U.S.-China tensions could make a huge difference to climate fight
The U.S. and China formally resumed stalled climate talks with China late last year following a meeting between President Joe Biden and President Xi Jinping.
Bank of America CEO says new ESG rules are needed to reboot capitalism
Brian Moynihan said the world needs a global standards line so business and society can say, “if you’re below it we shouldn’t do business with you.”
Aramco chief warns of possible oil supply shortages, as Chinese demand set to surge
The latest IEA oil market report forecasts global oil demand will hit a record 101.7 million barrels per day this year — with nearly half of that coming from China.
Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses
Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday.
China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says
China’s economy will be “on fire” in the second half of 2023 as the economic performance of East and West diverges, according to Standard Chartered Chairman José Viñals.
