China’s banking troubles are not the same as Silicon Valley Bank, economist says
BO’AO, China — China’s small banks have problems — but they don’t carry the same risks as those exposed by…
‘It’s not a pretty picture’: Russia’s support is growing in the developing world
Russia’s sphere of influence is growing as propaganda and diplomatic efforts gather momentum and Western powers fail to counter the…
China’s Premier Li Qiang seeks to rally Asia behind Beijing
BO’AO, China — Chinese Premier Li Qiang sought to rally Asian countries behind China in his first public address to…
As McCarthy laments ‘no progress,’ here’s where U.S. debt ceiling talks stand
House Speaker Kevin McCarthy said Tuesday that there has been “no progress” in debt ceiling negotiations between House Republicans and…
This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead
The collapse of U.S.-based Silicon Valley Bank, the biggest bank failure since the global financial crisis, and the emergency rescue…
Deutsche Bank shares slide after sudden spike in the cost of insuring against its default
Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability…
Biden’s approval slips to 38%, near the lowest of his presidency, new poll says
President Joe Biden’s approval rating dipped in a new poll released Thursday, approaching an all-time low for that survey as…
Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks
WASHINGTON — Treasury Secretary Janet Yellen said Thursday that the federal emergency actions to back up Silicon Valley Bank and…
Regional bank shares fall as Fed persists with rate hikes despite industry turmoil
Regional bank stocks spiraled lower Wednesday as investors weighed the Federal Reserve’s latest interest rate hike and commentary about the…
