FINANCE
On May 14 (Tuesday) Argentina's central bank cut the benchmark interest rate, after inflation slowed for the fourth straight month. The annual rate crested just shy of 300 percent, amid a tough austerity drive by libertarian President Javier Milei. The central bank said in a statement it had cut the
‘Deep Aging’ Becoming an Increasingly Difficult Problem for Many Major Chinese Cities
China’s once in a decade census has revealed that 14 percent of all residents in 149 cities in China...
Evergrande Group Crisis Deepens; Protests Erupt Across China
Protests erupted across China over the weekend at numerous properties owned and operated by the Evergrande...
Food Prices Soar In August Continuing the Trend Upwards as Drought and COVID-19 Woes Continue
According to data from the Bureau of Labor Statistics published on Sept. 10, filling American pantries...
Trading of Bonds Suspended for Chinese Real Estate Giant Evergrande as Prices Plummet
Once the world’s most valuable real estate company, the Evergrande Group, had trading of its bonds suspended...
Pfizer to Make $2.3 Billion Deal to Acquire Trillium, Blood Cancer Drugmaker
On Monday, Pfizer Inc. announced it would buy Canadian drug developer Trillium Therapeutics Inc via a...
Beijing Eyeing Take Over of Ride Sharing App, Didi; Encourages State-owned Companies to Invest
The Chinese government is encouraging government-run firms to invest in the Chinese ride-hailing company...
Chinese Real Estate Giant Evergrande Teetering on the Brink of Bankruptcy
Evergrande, one of the world’s most indebted real estate developers, is reportedly so crippled with debt...
China’s Top Court Deems Brutal ‘996’ Overtime Policy Illegal
China’s Supreme People’s Court has deemed the overtime practice of “996”, working 9 a.m. to 9 p.m. six...
Delta Fears: Financial Institutions Cut US Growth Estimates, Americans Remain Pessimistic
Several financial institutions have scaled back their U.S. growth expectations for the third quarter....