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Mask-wearing commuters in Beijing and Shanghai, China’s two largest cities, are crowding roads and public transport as workers return to factories and offices after tough “Zero-COVID” measures were dropped.Following years of harsh anti-Coronavirus curbs, President Xi Jinping scrapped the country’s ...

Concerns about rising interest rates are buffeting Wall Street this week. Following firmer-than-expected reports on the US economy, the Dow Jones Industrial Average tumbled more than 700 points, or 2.2%. The S&P 500 also fell, shedding 2.7%, bringing losses suffered ...

The Bank of Japan (BOJ)shocked investors with a surprising change to a key pillar of its monetary policy, causing waves in the currency, bond and equities markets.The Japanese central bank announced that it would loosen the tight limits it had ...

EU energy ministers have agreed to temporarily cap natural gas prices, after months of furious debate over whether the measure will protect European households and businesses from extreme price spikes during the winter.Europe will trigger the cap if the price ...

The World Bank has cut its growth outlook for China’s economy, in large part because of the destructive effects of the country’s three-year Zero-COVID curbs. China’s real estate slump is also pulling down the prospects of the world’s second largest ...

European bond investors are coming to terms with the fact that this year’s deep losses may run into 2023. After suffering a torrid year, European bonds are enduring a ruthless sell-off, the worst in months, after the eurozone’s central bankers ...

The US Federal Reserve hiked interest rates by half a percentage point on Wednesday and projected another three quarters of a percentage point increase by the end of 2023.The central bank’s projection of the key interest rate rising to 5.1% ...

The British pound has been edging up against the US dollar in recent weeks to within striking distance of a six-month high as investors await major central bank policy meetings this week, including that at the Bank of England (BOE).The ...

Nervous crypto investors withdrew as much as $3 billion from Binance on Tuesday, as reported by blockchain analytics firm Nansen.The world’s biggest cryptocurrency exchange, confronted by investor jitters amid a stream of negative headlines about the industry, said it had ...

China has initiated a suit at the World Trade Organization (WTO) against the US over what it views as punitive chip export control measures.Saying it was simply defending its legitimate interests, China’s commerce ministry accused the US of threatening global ...

November wholesale prices in the US fell to 7.4% from a year earlier, a fifth successive easing and another early signal that inflationary pressures are easing. The latest yearly figure was lower than October’s 8% level and down from an ...

The US Securities and Exchange Commission (SEC) is sending a letter to public companies requesting them to take a serious look at their disclosure obligations. Specifically, the SEC wants firms in the crypto ecosystem to tell their clientele how recent ...

The Bank of Canada on Wednesday lifted its benchmark interest rate by 50 basis points, the highest level in almost 15 years. The central bank has raised rates at a record pace of 400 basis points in nine months to ...

The world’s largest cryptocurrency exchange, Binance Holdings Ltd., has seen a big boost in trading activity after rival FTX collapsed in November.Trading activity on Binance leapt by 30% last month, first picking up when FTX squared up to a liquidity ...

The Reserve Bank of Australia (RBA) on Tuesday raised its benchmark rate by 25 basis points to 3.1%. RBA Governor Philip Lowe cited persistently high inflation of 6.9% as the main reason for the hike. The central bank’s target inflation ...