Mar 19, 2024 | Markets
Key digital industries unit sees slower-than-expected business Shares drop most in seven months after CFO flags muted demand Siemens AG fell the most in seven months after flagging disappointing demand in China for its key digital industries division. New business for...
Mar 19, 2024 | Markets
Will take time for banks to work through CRE loans: Moynihan ‘We’re careful in how we underwrite as an industry,’ CEO says Bank of America Corp.’s Chief Executive Officer Brian Moynihan said it’ll take time for the banking industry to work through issues with...
Mar 19, 2024 | Markets
China’s State Council released an action plan to further open up the Chinese market to foreign firms after overseas investment fell to record lows last year. The State Council called on local authorities and government departments to come up with timetables and...
Mar 19, 2024 | Markets
Government debt rally resumes after taking one-week break China may cut reserve ratio as it sells special bonds: Nomura A recent bull run in China’s government bonds is making a comeback after a one-week break, a sign that traders are getting over policymakers’...
Mar 19, 2024 | Markets
Officials will have an in-depth conversation on QT this week Fed likely to discuss when and how to taper asset runoff The Federal Reserve will begin in-depth discussions about its balance sheet this week, including when and how to slow the pace at which the central...
