A $ 12 Trillion Problem
China's "basket of measures" to address the risks posed by local government debt is anticipated to encompass a range of strategies, including special bond issuance, debt swaps, loan extensions, and a measure that Beijing has been reluctant to embrace: tapping into the central budget.
Go Deeper (2 min read)China, The New Japan?
In the early 1990s, Japan captured the American imagination, but its remarkable rise turned into a prolonged decline, mainly due to demography.
Go Deeper (3 min read)Rates At 22-Year High
The Federal Reserve made a unanimous decision to raise the benchmark federal-funds rate by a quarter-percentage-point, bringing it to a range between 5.25% and 5.5%.
Go Deeper (2 min read)America's Labour Shortage And Its Impact
In the wake of a pandemic that shook the global economy, the United States faces a paradoxical situation where job openings abound, but there aren't enough workers to fill them.
Go Deeper (5 min read)Corporate Debt Starts To Bite
The mounting threat of corporate debt defaults has long been downplayed by resilient credit markets, but the situation is taking a concerning turn as more companies face downgrades to junk credit ratings, leading to higher borrowing costs.
Go Deeper (3 min read)More from Markets
Warming U.S. - China Relations
Secretary of State Antony Blinken engaged in discussions with China's top diplomat Wang Yi in an effort to prevent escalating tensions between the two rival powers from spiraling into conflict.
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India's Bright Spot
India's economic growth is shining brightly as its outsourcing sector thrives and an increasing number of tech companies move their manufacturing operations to the country.
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Oil Price Are Under Pressure
Goldman Sachs analysts have made a significant downward revision to their oil price forecast, citing increasing supply and sluggish demand for crude.
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Travel Is Still Up Despite Recession Fears
Persistent inflation and higher interest rates have put a strain on many households, causing consumers to be cautious about certain expenses like home improvement projects and apparel.
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Uncertain Climate
The latest reports on jobs and inflation present a complex and nuanced outlook as the labor market continues its recovery from the profound shortages witnessed in the wake of the pandemic.
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Inflation, Rate Hikes & The Labour Market
The Labor Department reported a substantial drop in weekly jobless claims in May, which reversed earlier surges and brought them down from the highest level since October 30, 2021.
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