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Investors Pull Back From Chinese Stocks, Yuan - Wall Street Journal

Investors Pull Back From Chinese Stocks, Yuan.

Posted: Wed, 03 Jul 2013 07:00:00 GMT [source]

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Pope Francis says coronavirus pandemic has further exposed capitalism’s flaws - MarketWatch
Submitted 256 day(s) ago by system

Belief in markets as all but infallible has been exposed as a ‘magic theory,’ the pontiff argues in ‘Brothers All’ encyclical issued on feast day of St....

UK risks new lockdown as COVID cases hit highest since May | Reuters
Submitted 271 day(s) ago by system

Britain is likely to need to reintroduce some national coronavirus lockdown measures sooner rather than later, a leading epidemiologist said on Saturday, as new cases rose to their highest level since early May.

U.S. 'won't cede an inch' in Pacific, Esper says in swipe at China - Reuters
Submitted 295 day(s) ago by system

The United States has a responsibility to lead in the Pacific and "won't cede an inch" to other countries that think their political system is better, U.S. Defense Secretary Mark Esper said on Wednesday in a thinly-veiled swipe at China.

U.S. retail sales slow in July; obstacles mount for nascent economic recovery - Reuters
Submitted 307 day(s) ago by system

U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.

China's economic recovery underwhelms as consumer comeback stays elusive - Reuters
Submitted 308 day(s) ago by system

China's retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world's second-largest economy failed to shake off wariness about the coronavirus, while the factory sector's recovery struggled to pick up pace.

Morocco shuts down major cities after spike in coronavirus cases - Reuters
Submitted 326 day(s) ago by system

Morocco will stop people entering and leaving some of its biggest cities from midnight to contain a surge in COVID-19 cases, the interior and health Ministries said on Sunday.

China slams U.S. sanctions related to Hong Kong as 'gangster logic' - Reuters
Submitted 337 day(s) ago by system

China accused the United States of "gangster logic" on Wednesday after U.S. President Donald Trump ordered an end to Hong Kong's special status under U.S. law in response to Beijing's imposition of new security legislation on the territory.

China to Impose Retaliatory Sanctions on GOP Senators Over Xinjiang Penalties - WSJ
Submitted 339 day(s) ago by system

China’s Foreign Ministry said it planned to impose corresponding sanctions on several senior GOP figures in retaliation for sanctions the Trump administration imposed last week on senior Chinese officials accused of carrying out human-rights abuses in the Xinjiang region.

Australia closes state border for first time in 100 years after COVID-19 spike - Reuters
Submitted 347 day(s) ago by system

The border between Australia's two most populous states will close from Tuesday for an indefinite period as authorities scramble to contain an outbreak of the coronavirus in the city of Melbourne.

Croatia's ruling HDZ set to win parliamentary vote: exit poll - Reuters
Submitted 348 day(s) ago by system

Croatia's ruling centre-right Croatian Democratic Union (HDZ) is set to win a parliamentary election on Sunday, held at a time of rising coronavirus infections and a sharp economic downturn due to the pandemic, a state television exit poll showed.

Fed’s Kaplan Says Systemic Racism Holding Economy Back - WSJ
Submitted 368 day(s) ago by system

‘A more inclusive economy where everyone has opportunity will mean faster workforce growth, faster productivity growth, and we’ll grow faster,’ the Dallas Fed president said.

The OECD warns a second virus wave is as likely as not — here’s what that would do to the economic recovery - MarketWatch
Submitted 373 day(s) ago by system

The Paris-based economics group says it is just as likely a second wave will ravage the global economy as not.

New Zealand says coronavirus 'eliminated' and life can resume without restrictions - Reuters
Submitted 375 day(s) ago by system

New Zealand has eliminated transmission of the coronavirus domestically and will lift all containment measures except for border controls, Prime Minister Jacinda Ardern said on Monday, making it one of the first countries to do so.

COVID-19 crisis shakes Brazil, but Bolsonaro keeps impeachment at bay - Reuters
Submitted 378 day(s) ago by system

One of the world's worst coronavirus outbreaks, a paralyzed economy sending investors fleeing for the exit, and accusations that he has undermined Brazil's young democracy have not loosened President Jair Bolsonaro's grip on power.

U.S. Businesses Brace for Damage as Tensions Grow Over Hong Kong - WSJ
Submitted 383 day(s) ago by system

Rising tensions between the U.S. and China over Hong Kong have American businesses caught in the crossfire amid a fight that they fear could disrupt their operations and that casts doubt over their long-term future in the city.

China's May factory activity cools as weak demand curbs output - Reuters
Submitted 383 day(s) ago by system

China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesses emerge from coronavirus-led shutdowns.

U.S. consumer spending tanks; savings hit record high - Reuters
Submitted 385 day(s) ago by system

U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.

European Union Plans $2 Trillion Coronavirus Response Effort - WSJ
Submitted 387 day(s) ago by system

The bloc proposed an $824 billion recovery plan and a $1.2 trillion budget over the next seven years, which, if approved, would deepen its economic union in a way that even the eurozone debt crisis failed to achieve.

India's coronavirus infections surpass China, but contagion slowing - Reuters
Submitted 398 day(s) ago by system

India's total novel coronavirus cases rose to 85,940 on Saturday, taking it past China, where the pandemic originated last year, though a strict lockdown enforced since late March has reduced the rate of contagion.

Great Depression-like U.S. job losses, unemployment rate expected in April - Reuters
Submitted 406 day(s) ago by system

The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.

Some countries tiptoe out of lockdowns, but UK sits tight - Reuters
Submitted 415 day(s) ago by system

Countries from Italy to New Zealand have announced the easing of coronavirus lockdowns but British Prime Minister Boris Johnson, back at work on Monday after being in intensive care with COVID-19, said it was too soon to relax the restrictions.

Fed expands municipal debt purchase plan to allow smaller counties and cities to participate - MarketWatch
Submitted 416 day(s) ago by system

The Federal Reserve on Monday said it expanded the scope of its municipal debt purchase program to include more counties and cities.

'Air on your face': Spanish children get outside for first time in six weeks - Reuters
Submitted 418 day(s) ago by system

On foot and with bicycles, skateboards and scooters, Spanish children went outside at last on Sunday, emerging from their homes for the first time after six weeks of living under one of Europe's strictest coronavirus lockdowns.

UK at 'dangerous' stage, no lockdown exit strategy in sight - Reuters
Submitted 418 day(s) ago by system

Britain's stand-in leader resisted pressure on Sunday to explain how the government plans to ease a coronavirus lockdown that has been in place for a month, warning that hasty action could result in a second peak of infections.

Italy's daily coronavirus death toll lowest since April 12 - Reuters
Submitted 426 day(s) ago by system

Deaths from the COVID-19 epidemic in Italy rose by 482 on Saturday, the lowest daily increase since April 12, while the number of new cases was stable at 3,491, the Civil Protection Agency said.

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