BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points, People's Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday. Pan, who was speaking to reporters alongside two other...
China stimulus calls are growing louder — inside and outside the country
BEIJING — More economists are calling for China to stimulate growth, including those based inside the country. China should issue at least 10 trillion yuan ($1.42 trillion) in ultra-long government bonds in the next year or two for investment in human capital, said Liu Shijin, former deputy head of the...
Billionaires poured millions of dollars into presidential super PACs in August
Republican presidential nominee and former U.S. President Donald Trump (L), and Vice President Kamala Harris. Reuters The nation's wealthy opened their wallets in August with a focus on election season, donating millions to the super PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans...
Ray Dalio calls upcoming U.S. election the most consequential of his lifetime
Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the country needs a "strong leader of the middle." Speaking to CNBC's "Squawk Box Asia" on Thursday, the founder of Bridgewater Associates explained that the U.S. should aim to reach...