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China urges Beijing-backed development bank to focus more on Belt and Road Initiative
Chinese Premier Li Qiang called on the Asian Infrastructure Investment Bank to increase its support for Beijing's Belt and Road Initiative.Read More...
Watch Fed Chair Jerome Powell testify live before Senate banking panel
In his remarks Tuesday, the central bank leader asserted that the Fed is "well positioned to wait" on interest rate policy.Read More...
Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street ‘alarmed’ and ‘depressed’
His potential victory could bring what the Street despises the most — tax hikes and tighter regulation that threaten corporate and investment interests.Read More...
China’s Li urges not to turn trade into a political or security issue
Chinese Premier Li Qiang was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Davos."Read More...
Divided Fed proposes rule to ease capital requirements for big Wall Street banks
The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.Read More...
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.Read More...
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