Stocks have rallied in 2023, but it isnt a new bull market yet, Wells Fargo says. Thats because the market faces three barriers to a sustainable rally. Stocks historically bottom after the economy enters a recession and the Fed begins to cut rates, th
Oil rose amid indications that Russian crude production is dropping, signaling the market’s supply glut may be coming to an end.
Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the worlds biggest oil exporters Saudi Arabia and Russia and a weaker dollar.
China’s fiscal policies need to play a bigger role in helping the economy since cutting interest rates would likely encourage people to save rather than spend, according to a former central bank official.
US Treasury Secretary Janet Yellen has just concluded a four-day trip to China, aimed at rebuilding bridges between the two countries.
China’s consumer inflation rate was flat in June while factory-gate prices fell further, fueling concerns about deflation risks and adding to speculation about potential economic stimulus.
Samsung Electronics Co. reported its worst decline in quarterly revenue since at least 2009, stoking uncertainty over when a year-long electronics and memory chip demand slump will end.
Goldman Sachs downgrade of some major Chinese lenders to "Sell" ratings is based on "pessimistic assumptions," state-backed Securities Times said in an editorial on Friday, as worries over the banking sector deepen amid a rocky economy.
Moderna (MRNA) on Wednesday confirmed plans to develop medicines for the Chinese market, signaling the first major push of foreign mRNA products into the country.
Federal Reserve officials struck a tenuous agreement to pause interest-rate increases at their June meeting, all but committing to hike again later this month in a bid to keep fighting stubborn inflation.
PT Amman Mineral Internasional, the owner of the second-largest gold and copper mine in Indonesia, is set to debut in Jakarta this week following the country’s largest initial public offering this year.
Singapore is struggling to attract new players to its volatile power market, threatening to unwind reforms aimed at boosting competition and reducing electricity bills for consumers.
Mizuho Financial Group Inc.’s securities arm is boosting hiring in the US as it seeks to cement its position among the top 10 stock and bond underwriters in the lucrative market.
A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country.
Changes to solar panel technology are accelerating demand for silver, a phenomenon that’s widening a supply deficit for the metal with little additional mine production on the horizon.
