China enforces retroactive 20% tax on offshore wealth, hitting Hong Kong markets
China's tax authorities are enforcing a retroactive 20% income tax on offshore trusts, Hong Kong-listed shares, and overseas insurance policies…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
US public debt interest hits record $1.37 trillion, may surpass Social Security
Interest payments on US public debt have reached a record $1.37 trillion over the past year, and could overtake Social…
US budget deficit hits $432.3 billion in July, highest since March 2021
The U.S. Treasury reported a $432.3 billion budget deficit for July, the largest monthly shortfall since March 2021 and 48%…
ECB Document Finds No Grounds to Object to UniCredit’s €43 Billion Commerzbank Bid
An internal ECB document has concluded there are no prudential grounds to block UniCredit's €43 billion hostile bid for Germany's…
Strait of Hormuz ship traffic falls near three-month low as U.S.-Iran deal remains in doubt
Ship traffic through the Strait of Hormuz has fallen near a three-month low as doubt grows over a U.S.-Iran deal…
