Guppy Calls U.S. Debt Ceiling Debate ‘Troubling’ and Politically Driven
Daryl Guppy, CEO of guppytraders.com, warns that U.S. debt ceiling debates are more political than a serious examination of the ‘troubling’ issue.
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China Allocates 649 Million Yuan for Flood Relief Efforts
China’s Ministry of Finance allocates 649 million yuan (~$91M) to enhance flood response and disaster relief efforts across multiple regions, aiming to strengthen infrastructure and community resilience.
U.S. Debt Soars Over $35 Trillion: Nobel Laureate Sounds Alarm
Nobel laureate Michael Spence warns that the U.S. national debt, now over $35 trillion, could lead to catastrophic consequences.
U.S. National Debt Surpasses $35 Trillion Milestone
The United States’ national debt has exceeded $35 trillion for the first time, highlighting growing economic challenges and calls for fiscal responsibility.
G20 Leaders Seal Deals on Tax, Climate, and Poverty at Rio Summit
G20 finance ministers conclude Rio summit with agreements on global tax cooperation, climate change, and efforts to fight hunger and poverty.
China’s Top Banks Reduce RMB Deposit Rates: Latest Changes Explained
Six of China’s largest commercial banks have lowered RMB deposit rates, marking a significant shift in the country’s banking landscape.
Mainland-Hong Kong Stock Connect Enhanced with More ETFs
The mainland-Hong Kong stock connect program expands with more ETFs, enhancing market participation and efficiency for global investors.
Chinese Mainland Cuts Lending Rates to Boost Economic Growth
The Chinese mainland has cut its benchmark lending rates to lower financing costs, stimulate investment, and support economic recovery.
Global Investors Bullish on Chinese Mainland’s Economic Growth
Overseas financial institutions express confidence in the Chinese mainland’s economy, citing robust GDP growth, advancements in high-tech manufacturing, and strong investment and export performance.
China Allocates 260M Yuan for Disaster Relief Amid Severe Flooding
Amid severe flooding across seven river basins, China allocates 260 million yuan to support disaster relief efforts in multiple provinces.