Chinese banks fund US Treasury buying spree with dollar deposits
China's biggest state banks lifted dollar deposit rates above 3% in June, pulling in enough dollars to fund a fresh…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Trump envoys Witkoff and Kushner to visit Russia and Ukraine this weekend, TASS reports
Russian state news agency TASS reports that President Donald Trump's envoys, Steve Witkoff and Jared Kushner, will visit Russia and…
Some Chinese rare earth suppliers halt US shipments weeks before Xi’s Washington visit
A handful of Chinese rare earth suppliers have stopped shipping to U.S. buyers over fears of Beijing's retaliation, three sources…
Falklands oil explorers plunge as Milei threatens sanctions, Trump wavers on UK backing
Argentine President Javier Milei threatened sanctions on oil companies operating near the Falkland Islands, wiping out value at UK-listed explorers…
Norway’s sovereign wealth fund proposes cutting U.S. Treasury holdings
Norway's $2.3 trillion sovereign wealth fund has proposed cutting its government bond allocation from 70% to 50%, a shift that…
