US President Biden and President Xi Jinping of China held a rare face-to-face meeting on Wednesday, seeking to ease tensions and find areas of cooperation amid a host of thorny issues that have strained the world’s most important bilateral relationship.
Author: George Kim
China Suffers Worst Capital Exodus Since 2016
China’s currency, the yuan, has come under pressure as capital is leaving the country at the fastest rate in over seven years, according to data from the Institute of International Finance.
UK Expected to Avoid Recession, Says EY Item Club
The UK economy is on course to avoid a recession this year, despite the impact of the Bank of England’s interest rate hikes, according to a new forecast by the EY Item Club
UK House Prices Continue to Fall
The UK housing market is facing a prolonged slowdown as high interest rates, rising inflation and economic uncertainty deter potential buyers and force sellers to lower their asking prices.
A Single BRICS Currency is Destined to Fail
The BRICS nations of Brazil, Russia, India, China and South Africa have been meeting in Johannesburg this week to discuss their future cooperation and role […]
Ghana, Kyrgyzstan, and Uruguay Emerge as Unexpected Financial Hubs
Once overlooked, these three countries are now drawing global attention to their growing markets and unique investment opportunities.
Metro Bank Faces Shareholder Revolt Over Executive Pay Hikes
Metro Bank, the UK’s largest challenger bank, is facing a potential shareholder rebellion over its decision to award hefty pay rises to its top executives […]
Banking Crisis ‘Not Yet Over’, JPMorgan Boss Warns
In his annual letter to shareholders, the chief executive of JPMorgan Chase, one of the world’s largest banks, warned that the banking crisis triggered by […]
Clearwater International Expands to Netherlands with PhiDelphi Merger
Clearwater International, a mid-market mergers and acquisitions (M&A) firm, has announced its merger with PhiDelphi Corporate Finance, a leading M&A advisory firm in the Netherlands. […]
Fed Raises Rates as Banking Crisis Deepens
The Federal Reserve raised interest rates on Wednesday for the ninth time in a row, signaling that it was more concerned about inflation than the […]