China’s Ministry of Finance is advancing a 360 billion yuan package to bolster state-owned banks and insurers as economic growth slows, according to corporate statements and reports from state news agency Xinhua. The intervention combines a 290 billion yuan capital injection for major commercial banks with a separate 70 billion yuan rescue plan for five … Read more
U.S. Treasury Secretary Scott Bessent urged Bank of Japan Governor Kazuo Ueda to conduct sound monetary policy to anchor inflation expectations and avoid excessive yen volatility during a G20 meeting in Asheville, North Carolina, according to the U.S. Treasury Department. The high-level discussions, held on September 1, 2026, cement the case for an impending Japanese … Read more
U.S. Treasury Secretary Scott Bessent stated that Japan’s government and central bank will take measures to strengthen the yen, signaling a strong probability of a Bank of Japan interest rate hike in September. According to CNBC and Reuters reports from Asheville, North Carolina, Bessent indicated during a Group of 20 finance leaders gathering that markets … Read more
Wall Street indexes rose on Wednesday, driven by the Nasdaq outperforming its peers as upbeat earnings from artificial intelligence infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced market bets that the U.S. Federal Reserve will hold interest rates steady, according to Reuters reporting. AI Infrastructure Earnings Drive Nasdaq Gains The Nasdaq Composite … Read more
Wall Street closed lower as climbing crude oil prices driven by Middle East tensions and a massive share sale by Intel weighed on investor sentiment, according to Reuters. The S&P 500 declined 0.06% to finish at 7,753.12 points, while the tech-heavy Nasdaq Composite dropped 0.32% to 26,605.36 points, and the Dow Jones Industrial Average slipped … Read more