China shuts 670 banks as Beijing accelerates financial-system consolidation
China closed a record 670 banks in 2025, about a quarter of its lenders, as Beijing accelerates a consolidation drive…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Goldman Sachs sees Brazilian real gains after Bolsonaro’s first-round surge
Goldman Sachs projects the Brazilian real could trade between 4.50 and 4.80 per U.S. dollar after first-round election results that…
Russia Vows More Strikes on Kyiv as U.S. Pushes Fresh Peace Talks
Russia's Defense Ministry has vowed to intensify attacks on Kyiv and other Ukrainian cities after a drone strike damaged the…
Chalmers calls Iran war an economic disaster for Australia and the world
Australian Treasurer Jim Chalmers called the US-Iran war an economic disaster, blaming it for higher global inflation and interest rates….
Flavio Bolsonaro takes early lead over Lula in Brazil’s first-round vote
Senator Flavio Bolsonaro took an early lead over President Luiz Inacio Lula da Silva as Brazil's electoral authorities began reporting…
