China Banks Issue Phantom Loans to Hit Targets in Slow Economy
Jerry Hu, who owns an auto-parts firm in eastern China, was approached in October with a strange request.…
Black Friday sales set to be biggest on record with shoppers spending billions on deals
It is shaping up to be the biggest retail event of the year, with shoppers already hunting for…
American ‘jobpocalypse’ drives Australian dollar higher – MacroBusiness
American ‘jobpocalypse’ drives Australian dollar higher MacroBusinessAUD/USD rebounds from weekly loss on RBA caution, US reopening & China optimism ig.comAUD/USD…
China needs its youth to spend but they are embracing frugality
Stephen McDonellChina correspondent Benjamin Begley China is facing a number of economic challenges and its government wants the…
‘No interest rate cuts’: Aussies delivered warning after Westpac report shows consumer sentiment surged in November
A fresh report has shown Aussie shoppers are feeling more optimistic, although this could spell trouble for those…
RBA’s unemployment forecast already shot to pieces
The Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy (SoMP) revised its medium-term unemployment rate forecast…
Emerging Assets Trade Mixed on Payroll Data, US Reopening Hope
Emerging-market currencies fell and stocks climbed amid limited liquidity on Tuesday as traders digested the latest private payroll…
Can ANZ really claim its record profit is the economy improving?
When ANZ announced its record full-year profit of more than $2.5 billion, chief executive Antonia Watson said it…
Sterling snaps four-day rising streak after jobs data — TradingView News
By Stefano Rebaudo Sterling snapped a four-day rising streak as data on Tuesday showed British unemployment rose, while…
Australia November Westpac-MI Consumer Confidence Index jumps 12.8% to 103.8 – investingLive
Australia November Westpac-MI Consumer Confidence Index jumps 12.8% to 103.8 investingLiveConsumer confidence hits ‘extraordinary’ seven-year high despite economic concerns 9News.com.auConsumers…
Bessent Deflects Inflation Concerns, Sees Better Times in 2026
US Treasury Secretary Scott Bessent (Bloomberg) — US Treasury Secretary Scott Bessent deflected concerns about high costs under…
World’s biggest mining project begins operations in Guinea
The world’s biggest mining project — a China-backed effort that could deepen Beijing’s control over Africa’s mineral resources…