China banks, Hong Kong, local govt financing vehicles
A pedestrian walks pass a branch of Industrial & Commercial Bank of China (ICBC) in Fuzhou, Fujian province of China. VCG | Getty Images Moody’s Investors Service cut its outlook …
Currency markets
Fed should cut rates at least 5 times next year, portfolio manager says
The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles. Gambles, …
NewEdge Wealth sees record rush intensifying
The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite for the yellow metal. “It’s …
Argentina’s Milei says shutting central bank ‘non-negotiable’
Lawmaker and presidential candidate for La Libertad Avanza party, Javier Milei, speaks during a press conference in Buenos Aires on October 11, 2023, ahead of Argentina’s presidential elections. Juan Mabromata …
Thailand’s economy is slowing, and it could mean trouble
Residents rest in front of a fan in Bangkok, April 25, 2023. Andre Malerba | Bloomberg | Getty Images Thailand’s economy grew at its slowest pace in almost a year …
Chinese property developer Sunac says it’s met restructuring conditions
A booth of Sunac China is seen at a housing fair in China, May 16, 2014. Developer Sunac China missed the deadline for coupon payments on a $742 million offshore …
Milei wins in Argentina, edging the country closer to the U.S. dollar
Newly elected President of Argentina Javier Milei of La Libertad Avanza speaks after the polls closed in the presidential runoff on November 19, 2023 in Buenos Aires, Argentina. Tomas Cuesta …
Bank of Japan should shun ultra-loose policy to prop yen, Deutsche Bank says
A 1000 yen note on a tray at a souvenir shop in Hakone, Japan, on Tuesday, Nov. 22, 2022. SeongJoon Cho | Bloomberg | Getty Images Among major central banks, …
Laos is spiraling toward a debt crisis as China looms large
A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in …
Singapore bank DBS Q3 2023 earnings: quarterly profit beats forecast
DBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting …