Signs of a cash squeeze are appearing in China as the quarter-end approaches, underscoring how the nation’s economic rebound is driving demand for loans and leading to monetary easing by the central bank.
Hong Kong’s financial system is not being significantly affected by the global banking crisis, the city’s top officials said.
New York remained the most expensive business trip destination in the world in 2022 as a post-pandemic surge in business travel and tourism drove up costs 8% from the prior year.
Shares of Chinese lenders are outperforming American and European peers amid concerns over the global banking sector, emerging as an oasis shielded from volatility abroad.
South Korea announced new sanctions on North Korea that target materials for its satellite program, turning up pressure on its neighbor following a barrage of ballistic missile launches in defiance of global measures banning the tests.
Shares of China’s Bilibili Inc. and some Korean gaming companies surged after Beijing approved more imported titles in the latest sign of their easing grip on the video-game sector.
The International Monetary Fund said Pakistan has made “substantial progress” toward meeting policy commitments needed to unlock billions of dollars in loans the country needs to avoid a default.
In the year since Russia invaded Ukraine, roiling energy markets across the globe, China’s appetite for Moscow’s oil, gas and coal has grown apace, with imports rising by more than half.
Venezuela’s Tareck el Aissami resigned as the nation’s oil minister as an investigation escalated into corruption claims inside state-oil company Petroleos de Venezuela SA.
Vladimir Putin said Russia is ready to discuss China’s initiative for ending the conflict in Ukraine, welcoming Chinese President Xi Jinping for a three-day visit that underlines Beijing’s support for Moscow.
