Debt ceiling deal exposes Biden and McCarthy's weaknesses with their parties' extremes
President Joe Biden and House Speaker Kevin McCarthy convinced themselves of a compromise deal to slow federal spending and replenish the near-empty treasury with borrowed cash.
2023-05-30 12:23
Biden-McCarthy Debt Limit Deal Puts Government Services on a Diet
The debt-limit deal would rein in spending on some federal government services but barely dents the roughly $20
2023-05-30 12:16
Europe’s Unwanted Coal Heads to China and India as Heat Builds
Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures
2023-05-30 11:56
China’s Manufacturing Sector Improved in May, Surveys Show
Two surveys suggest China’s manufacturing sector improved or at least stabilized in May compared with the previous month,
2023-05-30 11:21
China Stock Gauge Slumps 20% From 2023 Peak as Pessimism Abounds
A key gauge of Chinese stocks was on track to enter a bear market as a weak economic
2023-05-30 11:18
A China Crypto Pioneer Warns Hong Kong May Cool on Digital Assets Longer Term
A crypto entrepreneur whose business in China was upended by a regulatory crackdown considers his experience to be
2023-05-30 10:59
Banks Tap Hong Kong’s Discount Window for Most Funds Since 2021
Banks in Hong Kong borrowed the largest amount of short-term cash in over two years from the authorities,
2023-05-30 10:56
BYD Outbids Tesla to Supply EVs for Indonesian Taxi Operator
Indonesia’s largest taxi operator will turn to BYD Co. for 80% of its electric-vehicle fleet while reviewing its
2023-05-30 10:51
World's Largest Solar Manufacturer Is Fueling a Price War
The world’s largest solar manufacturer slashed prices for a key component as growing capacity in the sector intensifies
2023-05-30 10:50
Xi Seeks to Give China’s Education System More Global Influence
Chinese President Xi Jinping called on top officials to increase efforts to build a “high quality” education system
2023-05-30 10:26
Oil Extends Gain as Traders Monitor Progress on US Debt Ceiling
Brent oil rose as investors watched for progress on lobbying campaigns to win approval for a US debt-ceiling
2023-05-30 10:24
Elon Musk Expected to Visit China in First Trip in Three Years
Elon Musk is expected to visit China this week in what would be his first trip to the
2023-05-30 10:24