BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday. The agreement was part of a meeting of the U.S.-China Financial Working Group in Shanghai on Thursday and Friday. Brent Neiman, deputy under secretary for international...
China’s central bank says risks from local government debt have dropped
BEIJING — China's financial risks have dropped, including from local government debt, People's Bank of China Governor Pan Gongsheng said in state media interviews published late Thursday. Pan also said the central bank will work with the Ministry of Finance to enable China to reach its full-year growth targets. He...
China’s bond market intervention reveals financial stability worries
BEIJING — China's latest efforts to stem a bond market rally reveals wider worries among authorities about financial stability, analysts said. Slow economic growth and tight capital controls have concentrated domestic funds in China's government bond market, one of the largest in the world. Bloomberg reported Monday, citing sources, that...
Trump plans to file a $100 million lawsuit against the Justice Department over Mar-a-Lago search and ‘witch hunts’
Republican presidential nominee, former U.S. President Donald Trump walks toward the stage to speak at a rally at the Brick Breeden Fieldhouse at Montana State University on August 9, 2024 in Bozeman, Montana. Michael Ciaglo | Getty Images News | Getty Images An attorney for former President Donald Trump has filed...