Published: Feb. 20, 2024 at 2:55 a.m. ET China made its biggest ever cut to mortgage rates on Tuesday, as the authorities try to support the struggling property sector, though the response from stock markets was muted. The People’s Bank of China said that the country’s lenders would reduce their five-year loan prime rate (LPR)
Investors will have to wait until at least July for those widely expected interest-rate cuts, according to one Federal Reserve president’s outlook. Atlanta Fed President Raphael Bostic said rate cuts probably wouldn’t be suitable until the third quarter given the current strength of the economy. That’s a quarter earlier than he originally predicted, Bostic said,
Indonesia will go the polls on Wednesday to elect a new president to replace Joko Widodo. The vote’s importance should not be underestimated. Covering 17,000 islands across South East Asia and Oceania — including Java and Sumatra — the republic has important geopolitical and global economic clout. With about 280 million inhabitants, encompassing an estimated
Published: Jan. 24, 2024 at 8:20 a.m. ET Donald Trump, the Republican former president, has won the Iowa caucuses and the New Hampshire primary and is leading Nikki Haley by a substantial margin in South Carolina, where she was governor from 2011 to 2017. So it’s highly likely that Trump will be the Republican presidential
This Saturday, Taiwan will head to the polls, in elections that will be closely watched by investors, due to the self-governing territory’s outsized role in the global economy as the biggest semiconductor manufacturer in the world. For voters, the choice between the three candidates – representing the center-left Democratic Progressive Party (DPP), the center right