The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital.
U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
Nonfarm payrolls were expected to increase 125,000 in May while the unemployment rate stayed at 4.2%.
Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease
Inflation in Russia hit 8.3% in the first quarter of the year, with the effects of the war in Ukraine continuing to be felt in the economy.
Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease
Inflation in Russia hit 8.3% in the first quarter of the year, with the effects of the war in Ukraine continuing to be felt in the economy.
The world could be facing another ‘China shock,’ but it comes with a silver-lining
A new round of “China shock” appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.
The world could be facing another ‘China shock,’ but it comes with a silver-lining
A new round of “China shock” appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.
The world could be facing another ‘China shock,’ but it comes with a silver-lining
A new round of “China shock” appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.
The world could be facing another ‘China shock,’ but it comes with a silver-lining: Cooler inflation
A new round of “China shock” appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.
The world could be facing another ‘China shock,’ but it comes with a silver-lining: Cooler inflation
A new round of “China shock” appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.
The world could be facing another ‘China shock,’ but it comes with a silver-lining: Cooler inflation
A new round of “China shock” appears to be under way as Beijing doubles down on manufacturing and exports to offset the drag in domestic consumption.