by Bloomberg.com | Feb 5, 2024 | alerts, Markets/Economy
(Bloomberg) — A momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story. Much of that cash is now heading for India, with...
by Bloomberg.com | Feb 5, 2024 | alerts, Markets/Economy
Federal Reserve Chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately “manageable.” The central bank official made this point during a “60...
by Bloomberg.com | Feb 4, 2024 | alerts, Markets/Economy
Processing fees hit record low as smelters compete for ore Nation’s capacity expansion is likely to continue regardless Years of relentless growth are finally catching up with China’s copper smelters. Stung by disappearing profits, the country’s top industry body last...
by Bloomberg.com | Feb 4, 2024 | alerts, Markets/Economy
Regulator makes pledge on Sunday after last week’s stock slide Academic calls for stabilization fund, investors vent online China pledged to stabilize markets after shares sank to a five-year low in chaotic trading on Friday, but policymakers offered no specifics on...
by Bloomberg.com | Feb 4, 2024 | alerts, Markets/Economy
Following is a transcript of Federal Reserve Chair Jerome Powell’s interview with the CBS program 60 Minutes, as provided by CBS. The interview was conducted Thursday and was set to air Sunday evening. For a web version of the transcript and video of the interview,...
