Firms may convert foreign-exchange into yuan as Fed cuts Such a move may lead to a 10% advance in the yuan: Stephen Jen Chinese companies may be enticed to sell a $1 trillion pile of dollar-denominated assets as the US cuts interest rates, a move which could...

Economists expect third straight cut to policy rate on Sept. 4 Steady downward trend would bring rate to 3% by July 2025 Economists see the Bank of Canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady...

McKesson Corp. agreed to buy a controlling stake in an arm of Florida Cancer Specialists & Research Institute, a privately held operator of clinics. Drug distributor McKesson will pay about $2.49 billion in cash for the holding in Community Oncology Revitalization...

Pindrop Security works with banks to identify spam calls — it’s coming to social media next.  The latest wave of artificial intelligence technology can mimic the voice of almost anyone – the president, a relative or a bank customer. This is the problem and the...

Federal hearing begins Monday on FTC lawsuit to block tie-up Grocers say deal would help competition versus Amazon, Walmart Kroger Co. and Albertsons Cos. are finally getting their day in court. Nearly two years after the acquisition was announced, the grocery giants...

Euro-zone inflation to help ECB decide on September rate cut The focus in Asia will be on China’s new monetary framework US inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending...

Unemployment estimate rises to highest level since November Poll suggests Fed’s behind the curve in cutting interest rates A labor market softening more so than previously thought should spur faster and steeper interest-rate cuts by the Federal Reserve, according to...

Beijing suspends capacity swap system for new furnaces Citi analysts say move ‘likely not enough’ to address problem China has abruptly suspended its system for approving new steel plants, as the government responds to a deep demand slump that’s crushed industry...

New Zealand retail sales volumes contracted for the eighth straight quarter as high interest rates and the surging cost of living curb household spending. Sales volumes fell 1.9% in the fourth quarter of last year from the third, Statistics New Zealand said Friday in...

Annual inflation slowed more than forecast in early August Final second-quarter GDP data confirmed lackluster expansion Mexico’s annual inflation slowed much more than expected while economic growth remained feeble, according to separate reports published Thursday,...

Bigger declines needed to spur buyer demand, economist says High prices and tight supply are keeping homes out of reach Mortgage rates in the US resumed their downward path, dropping to a new low for the year. The average for a 30-year, fixed loan was 6.46%, down from...

Traders currently see 100 basis points of cuts by end of 2024 Fed Chair Powell to provide sense of policy path this Friday Traders are overplaying the prospects of an aggressive series of Federal Reserve interest-rate cuts before the end of the year, according...

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...