Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
Tag: Banking and Financial Institutions
-
With Investors on Edge, Fed Minutes Take on New Urgency
Inflation fears have led to a sell-off in stocks and bonds in August as the markets fret the possibility of more interest-rate increases.
-
China and Hong Kong Stocks Slump as Economic Gloom Spreads
A string of worrying data has taken the fizz out of markets.
-
Russian Ruble Slides Past 100 Against the Dollar, Its Lowest Level Since March 2022
The currency’s weakening, which took it past the symbolic level of a penny per ruble, will increase pressure on the nation’s financial authorities as fears of inflation grow.