US Manufacturing Activity Contracts at Fastest Pace This Year

S&P Global’s flash August gauge declines to 48 from 49.6 Services index edges up; measure of prices received eases US manufacturing activity shrank early this month at the fastest pace this year on further weakness in production, orders and factory employment. The...

Top China Economist Asks State to Curb Sway in Funding Startups

Yao says government funds not well suited for venture capital Urgency growing in China to support confidence, private sector A prominent Chinese economist has urged state funds to retreat from venture capital and allow the private sector to play a bigger role in a...

China’s Slowing Economy Sparks Calls to Raise Deficit Ceiling

Beijing urged to subsidize consumers, help local governments PBOC has cut rates but borrowing sentiment hasn’t improved A growing chorus of Chinese economists called on Beijing to break away from an implicit budget deficit ceiling, opening the door to more central...

Chinese Stock Markets Head for Third Year of Record Delistings

Forty firms have already lost listed status so far in 2024 Forced delistings could harm investors: Shanghai Prospect China’s stock markets are set for a third straight year of record delistings driven by the jump in IPOs over the past decade and tighter rules...

Oil Slumps to January Lows in Algorithmic-Led Selloff

Shrinking US crude inventories fail to allay demand concerns Blinken left the Middle East Tuesday without a cease-fire deal Oil extended its decline to the lowest in more than six months as trend-following algorithmic sellers overlooked a bullish US stockpile report....