China’s biggest banks posted their worst profit declines in more than a decade, putting pressure on their dividend plans, as bad debt ballooned and the government drew them into efforts to backstop a …
China Throws a Wrench Into Trump’s Plan to Force TikTok Sale
Zhang Yiming’s plan to sell the U.S. operations of his short-video app TikTok to avoid a shutdown was thrown into jeopardy after China asserted its authority over a deal already under scrutiny by the …
Bahrain Plans Return to Debt Market With Mix of Bonds, Sukuk
Bahrain is planning to return to the dollar bond market, according to people familiar with the matter, as the country faces one of the world’s biggest budget deficits this year.The Gulf nation sent a …
Israel’s Budget Chief Quits Amid ‘Impossible’ Working Conditions
The head of Israel’s government budget office said he’s quitting, and took aim at the country’s finance minister for creating an environment that made it “impossible” to create economic certainty in …
Saudi Arabia Reserves Grew in July From Lowest Level Since 2010
Saudi Arabia’s net foreign assets rose slightly in July even as crude prices lingering below $50 a barrel kept the coffers of the world’s largest oil exporter under pressure.
South Korea’s Factory Activity Grows for Second Month in a Row in July
Industrial production in July rose by a seasonally-adjusted 1.6% from a month earlier, Statistics Korea said on Monday, down from 7.2% in June and slightly missing the median forecast of a 1.9% rise.
Japan July industrial output rises 8.0% mth/mth
TOKYO, Aug 31 (Reuters) – Japan’s industrial output rose 8.0% in July from the previous month, posting a second straight month of gains in a tentative sign of a pick-up in factory activity from …
Cases of COVID-19 double at Georgia Tech in recent days
While many colleges across the state are not transparent with positive COVID-19 cases on campus, Georgia Tech is publicly presenting the numbers on a website. Data shows that since Monday, 339 new …
Kuwait Finance Ministry to Mull Halving $66 Billion Debt Ceiling
Kuwait’s government will study an idea to lower by half the ceiling on public debt as part of proposed amendments to a law it’s struggled to push through parliament, Finance Minister Barak Al-Sheetan …
Lead Lebanon Negotiator for IMF and Eurobond Restructuring Quits
Lebanon’s lead negotiator for Eurobond restructuring and a key member of the government’s negotiating team with the International Monetary Fund has resigned.Talal F. Salman, a Harvard graduate who has …