Fortescue Metals Group Ltd. added Larry Marshall, former chief executive of the Commonwealth Scientific and Industrial Research Organisation, to its board, the Australian Financial Review reported.
The decline in China’s industrial profits eased in July, though the slowing economic recovery and deflation risks remain an overhang for the sector.
Australian Treasurer Jim Chalmers said the department he oversees is closely watching slowing growth in China, which he described as the greatest risk to Australia’s economy alongside elevated interest rates.
Former President Donald Trump raised $7.1 million since his arrest in Georgia on Thursday as his campaign sought to capitalize on the mug shot taken at a Fulton County jail.
After years of pent-up demand for leisure and business travel due to the ravages of Covid-19, millions of Chinese are taking to the skies again as the nation leads an aviation boom across Asia.
Jerome Powell has the bond market exactly where he wants it: lacking conviction as to the Federal Reserve’s next steps.
Gabon blocked internet access during elections held Saturday that is likely to see President Ali Bongo extend the 56-year stranglehold his family has had on political power in the oil-producing central African nation.
Credit investors have decided that they’re more than willing to fight the Federal Reserve as the central bank vows to keep rates high.
Bank of Japan Governor Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current monetary-policy strategy.
The Bank of England will have to keep interest rates high for longer because inflation will not fade as quickly as it blew up despite recent drops in gas and producer prices, Deputy Governor Ben Broadbent said.
