The People’s Bank of China has laid out its thinking on the renminbi’s exchange rate, a move that carries weight for global currency markets and trade...
Trending News
October 9, 2026
Category: Global Economy
China’s central bank rules out yuan devaluation as trade tool
China’s central bank has stated it has no intention to weaken the yuan to gain an advantage in trade, pushing back against speculation that Beijing might...
AI Investment Spending Is Propping Up Global Growth, Fidelity Strategist Says
Massive capital spending by major technology companies on artificial intelligence infrastructure has become a key pillar of global economic growth, according to a senior Fidelity investment...
Global Markets Retreat After Fed Minutes Signal More Rate Hikes Ahead
Stocks and bonds slipped across global markets after the release of Federal Reserve meeting minutes reinforced expectations that interest rates may need to rise further to...