Jul 30, 2024 | Markets
Banks have been buying bonds amid rally, raising PBOC concerns Central bank is poised to sell bonds to limit risk to lenders China’s regional lenders are facing growing risks in the nation’s $4.3 trillion sovereign debt market after an unprecedented bond rally this...
Jul 30, 2024 | Markets
Domestic demand is still sluggish and recovery remains uneven July data adds to evidence of weak growth in China: economists China’s factory activity contracted for a third straight month in July, leaving the economy on a weak trajectory that’s frustrating Beijing’s...
Jul 30, 2024 | Markets
Citigroup reduces forecast for China’s economic growth Technicals suggest the latest lurch lower has been too quick Oil retreated to the lowest in almost two months as the outlook for demand in China remained gloomy while traders looked ahead to key data points. West...
Jul 30, 2024 | Markets
Paulson says US debt growth will ultimately destroy prosperity Former Treasury secretaries speak on US economic challenges The two US Treasury secretaries who navigated the nation through the global financial crisis said the next administration will inherit a...
Jul 30, 2024 | Markets
Surge in rental listings is helping to relieve cost pressure Rents had been setting records amid surge in immigration Rents for Toronto condos fell this year for the first time since 2021 as a surge in listings brought some relief to renters. Average condo rents for...
Jul 30, 2024 | Markets
CFO says company used promotions to bolster a new Tide product Organic sales increased at the slowest pace in six years Procter & Gamble Co. shares fell the most in more than four years after quarterly sales missed analysts’ projections as the maker of Pampers...
