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...
Mar 18, 2024 | Markets
Egypt, Ukraine, Argentina are among the fund’s top borrowers Higher interest rates, geopolitical conflict fueling crises The International Monetary Fund is lending near a record amount to almost 100 countries, evidence of its growing role as a backstop against the...
Mar 18, 2024 | Markets
Renewable generation growth seen increasing threefold NextEra CEO speaks at CERAWeek energy conference in Houston The biggest US wind and solar farm developer expects the growth rate of the demand for electricity to soar to keep up with artificial intelligence,...
