Financial & Economic News
China’s central bank says it’s trying to stabilize yuan
China is looking to improve policy for yuan-based cross-border services and the offshore market for the yuan while working hard to stabilize the currency, said central bank Deputy Governor Chen Yulu. Speculation has risen that […]
Japan’s exports down again in June
Japan’s exports fell 7.4% in June from a year before for a ninth month of decline. The result was better than expected, but the prolonged decline suggests the economy risks a slowdown, a factor that […]
ECB keeps rates on hold but flags rising risks
The European Central Bank was unsparing as it noted developing downside risks to the eurozone’s economy, but it kept rates steady at its meeting Thursday. President Mario Draghi noted Brexit’s risk and slowing growth in […]
IMF urges G-20 to reinvigorate global growth
The global economy is likely to suffer from an extended period of “stubbornly weak growth” if the Group of 20 nations fail to back broad-based policies to reinvigorate growth and contain risk, the International Monetary […]
Greece makes payments on maturing debt
Greece used funds from its June bailout disbursement to help pay €2.64 billion in debt payments to the European Central Bank and other creditors Wednesday, government officials said. The country received the second installment of […]
Brexit has yet to significantly hit UK economy, BoE says
Britain has not experienced a marked downturn in its economic growth since its vote to leave the EU, and businesses intend to move forward with short-term investments and hiring plans, the Bank of England’s Agents’ […]