China keeps rates unchanged as economy finds footing
China kept benchmark lending rates unchanged at its monthly fixing on Wednesday, matching expectations, as new signs of economic stabilization reduced the need for immediate monetary easing. Recent economic data…
“Big Mess”: Panama Canal Hit By 200 Ship Bottleneck
A parking lot of vessels has formed on either side of the Panama Canal as a worsening drought in the Central American country has reduced the number of ships able…
US real estate market collapsed 45% for the year
The rise in the cost of mortgage loans has led to a massive buyer exodus from the US real estate market. Overall, investors bought 45% less real estate at the…
Russia wants to join the African anti-dirty money body as observer
The Kremlin wants observer status in the Eastern and Southern Africa Anti-Money Laundering Group by this fall, according to people familiar with the matter and documents obtained by Bloomberg. The…
US Debt Hits $33 Trillion For First Time
Treasury Department data showed US national debt has pushed over $33 trillion for the first time in history, more than 36 times the level of 40 years ago. “We are…
Evergrande shares collapse 25% after wealth unit staff detained
Shares of the Evergrande, the Chinese real estate developer with the world’s largest debt, collapsed after news that Chinese police had detained employees of its asset management unit. The stock…