European markets close lower as bumper week for central banks kick off
European stocks closed lower as investors prepared for a bumper week of rate decisions from the U.S Federal Reserve and the Bank of England.
Pictures show floods ravaging Central and Eastern Europe as death toll rises
Floods brought on by days of heavy rainfalls have been ravaging several European countries, with thousands of people being evacuated the the death toll rising.
Trump ‘assassination attempt’ unleashes flood of misinformation on Chinese social media
An apparent assassination attempt on Donald Trump has garnered mass attention from Chinese citizens, including conspiracy theories and criticism of U.S. politics.
China’s economy is going through a ‘slow, painful, grinding adjustment,’ analyst says
Beijing’s economic outlook for the second half of the year is now “flashing red, or pretty close to red,” said Eswar Prasad, professor of international trade and economics at Cornell University.
Breton says he is stepping down as France’s EU commissioner, citing spat with von der Leyen
In a resignation letter, Thierry Breton said Commission head Ursula von der Leyen had asked France to withdraw his name as its pick for the EU executive body.
India’s Bajaj Housing Finance sees shares more than double on debut after stellar IPO
The company’s shares surged to as much as 161 rupees apiece, jumping about 130% from the top end of its IPO pricing of 70 rupees.
Typhoon Bebinca lashes Shanghai in strongest storm to hit city since 1949
Typhoon Bebinca made landfall in Shanghai as a Category 1 storm, the most powerful tropical cyclone to hit the Chinese financial hub in over seven decades.
China’s local government debt problems are a hidden drag on economic growth
China’s persistent consumption slowdown traces back to the country’s real estate slump, and its deep ties to local government finances — and debt.
Philippines to continue to deploy vessels in contested South China Sea shoal
The Philippines will continuously deploy vessels in the Sabina Shoal in the South China Sea, its coast guard said after a Philippine ship returned to port.
CNBC Daily Open: After the Fed’s first cut, where to next?
What many are not discussing is the policy trajectory after the Fed’s meeting. Following this cut could be a trajectory that will change the market narrative.
