China's central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
Wrestling icon Vince McMahon resigns from WWE parent company after former employee files sex abuse lawsuit
LOS ANGELES — The average long-term U.S. mortgage rate climbed to a six-week high this week, pushing up borrowing costs for homebuyers already facing the challenges of rising housing prices and a shortage of homes for sale. The average rate on a 30-year mortgage rose to 6.69% from 6.6% last week, mortgage buyer Freddie Mac…
Ford Motor said Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles softens. The No. 2 US automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts…
NEW YORK — A judge refused this week to toss out Fox News’ claims that voting technology company Smartmatic is suing the network to suppress free speech. The ruling means that both Smartmatic’s multibillion-dollar defamation lawsuit and the network’s counterclaims can continue toward an eventual trial. Smartmatic says Fox News spread ruinous lies that the…
BANGKOK — China’s central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy. The announcement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%. Chinese stock markets have languished in recent months as…
There’s a shift underway in Asia that’s reverberating through global financial markets. Japan’s stock market, overlooked by investors for decades, is making a furious comeback. The benchmark Nikkei 225 index is edging closer to the record it set on Dec. 29, 1989, which effectively marked the peak of Japan’s economic ascendancy before a collapse that…