Investigation Underway into Ultra Galaxy Casualty off South Africa
While bad weather continues to hamper the salvage efforts of the broken bulker Ultra Galaxy, officials from the South African…
China’s July forex reserves jump more than expected to $3.256 trln
China’s foreign exchange reserves jumped more than expectedin July, official data showed on Wednesday, as the dollar weakened against other…
US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signal
The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months,…
PIMCO’s Ivascyn says US likely to avoid recession but warns of dire fiscal picture
The U.S. economy is still on track for a soft landing despite signs of further weakening, but the country’s deteriorating…
China’s imports resume growth but tamer exports raise outlook concerns
China’s exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the…
UK revises up 2022 economic growth to +4.8%
Britain’s economy grew more strongly than previously thought in 2022, according to revised official data that gave more weight to…
India’s July inflation likely dipped below RBI’s target, high base effect at play
India’s consumer price inflation likely eased in July to below the Reserve Bank of India’s 4.0% medium-term target for the…
Investor says files liquidation petition in China against Evergrande unit
An investor has filed a petition to a court in China to liquidate a major unit of the heavily indebted…
UK should double public investment to boost growth, think tank says
Britain needs to spend an extra 50 billion pounds ($64 billion) a year on public investment to boost productivity and…
German exports fall more than forecast in June
German exports fell more than expected in June due to weak demand from the United States, the country’s key trade…