Macy’s Falls as Markdowns to Clear Inventory Cut Into Sales
Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department
2023-08-23 00:20
BRICS Latest: Reducing Dollar Reliance Tops Summit Agenda
Leaders of the BRICS nations will focus on ways to reduce dependence on dollars when they meet starting
2023-08-22 14:51
UK’s Slower-Than-Expected Borrowing Gives More Room for Tax Cuts
UK government borrowing came in below official forecasts in the first four months of the fiscal year, providing
2023-08-22 14:28
Biggest India Fund Turns to Cash on Bets RBI Will Hike Rates
India’s biggest asset manager is bolstering its cash holdings on bets the central bank will raise borrowing costs
2023-08-22 12:15
China Ramps Up Fight With Yuan Bears to Stop Selloff Spiraling
China extended two lines of yuan defense, pushing up funding costs in the offshore market to squeeze shorts
2023-08-22 11:24
Yuan Shorts Hit as Funding Costs Up by Most Since 2017
Funding costs in China’s offshore market rose by the most in six years amid speculation that authorities in
2023-08-22 10:47
Japan’s Benchmark Bond Yield Hits Nine-Year High in Test for BOJ
Japan’s 10-year government bond yield reached a new nine-year high Tuesday amid upward pressure in global interest rates.
2023-08-22 10:24
Fidelity Sees Singapore Bonds as Haven From China, Fed Risks
Singapore’s government bonds are attractive as a haven from the mounting economic problems in China and a hawkish
2023-08-22 10:16
Wall Street Sees No End to Yuan Losses Despite Beijing Pushback
While Beijing moves to stabilize the yuan, Wall Street still sees plenty of room for the Chinese currency
2023-08-22 08:54
S&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Environment
Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US
2023-08-22 08:17
Asian Shares Poised to Advance; Yields Climbing: Markets Wrap
Asian equities are set to rise on Tuesday following a rally in big tech that spurred a rebound
2023-08-22 06:50
Ecuador Debt Jumps With Presidential Vote Heading to Runoff
Ecuador bonds surged as the country headed toward a runoff in October that’s seen as more likely to
2023-08-22 05:26