BOAO, China，March 29 (Reuters) - China will further enhance capital account opening and steadily promote financial market opening, said Xu Zhibin, the deputy head of the State Administration of Foreign Exchange, at the annual Boao forum for Asia on Friday. (Reporting by Kevin Yao; Writing by Liangping Gao; Editing by Christian Schmollinger)
Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.
In an expression of disapproval on social media, prominent real estate investor Grant Cardone scrutinized President Joe Biden's proposed hike in capital gains tax in a recent X post. "Biden proposes 44.6% capital gains tax, from current 19%," Cardone posted. "Can't even come up with his own ideas taking a page out of Trudeau playbook who raised Canada to 66%." Cardone then invoked historical political outcomes, writing, "And he ignored how that played out for the last guy who tried it — the enti
Jamie Dimon and Jerome Powell are taking the European viewpoint on soaring debt levels in the U.S.
(Bloomberg) -- Ukraine sustained a heavy Russian missile barrage overnight aimed at gas infrastructure and other targets, while striking back a Russian oil refinery with drones. Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMos
The cigarettes account for one-third of all sold in the U.S. and are predominantly consumed by Black and Hispanic smokers.
After preparing for a recession, and hoping for a soft landing, the U.S. might end up in an unexpected bout of stagflation.
Former President Donald Trump was ordered to pay $355 million in penalties for fraud charges and profits on the sale of different assets. The penalties have been accumulating interest at a rate of 9% per year and have snowballed to current liabilities above $450 million. The fine is growing at a rate of $2.6 million per month. The penalties have put Trump at risk of the court seizing his assets. With a costly presidential campaign and high levels of financial scrutiny, Trump's ability to repay t
The White House is reversing course after weighing the health benefits of the ban against the political risk of angering Black voters.
(Bloomberg) -- A seven-week tug of war over Petrobras’s dividends wound up with the company delivering a 22-billion-reais ($4.3 billion) payout to investors. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest
The Survivable Airborne Operations Center (SAOC) project is intended to replace the aging 1970s-era aircraft, which is approaching end-of-service life, an Air Force spokesperson said in a statement. Work on the SAOC will be carried out in Colorado, Nevada and Ohio and is expected to be completed in 2036, the Air Force added. Reuters in December reported that the U.S. Air Force eliminated Boeing from its competition to develop a successor to the E-4B Nightwatch.