China fires starting gun on 0bn debt sale to boost economy

China fires starting gun on $140bn debt sale to boost economy

Chinese authorities have kicked off plans to sell Rmb1tn ($140bn) of long-dated bonds, as Beijing raises spending to stimulate the economy. The People’s Bank of China has asked brokers for advice on pricing the sale of the first batch of the sovereign bonds, according to two people who received requests. China’s government announced plans for…

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Biden Says Economy Is ‘Strong,’ But 50% Of Voters Say Their Financial Situation Is Getting Worse As Markets And Employment Hit Record Highs

Biden Says Economy Is ‘Strong,’ But 50% Of Voters Say Their Financial Situation Is Getting Worse As Markets And Employment Hit Record Highs

Nearly every metric for measuring economic prosperity backs President Joe Biden’s proclamation in his State of the Union address in early March that “the state of our union is strong and getting stronger.” As the S&P 500 and the Nasdaq Stock Market raced toward all-time highs, Biden posted on X in mid-February, “The stock market…

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‘Riding a rollercoaster’ in Myanmar’s post-coup economy | Business and Economy News

‘Riding a rollercoaster’ in Myanmar’s post-coup economy | Business and Economy News

Bangkok/Yangon – For Aung Thet, a successful entrepreneur in Yangon, running a business under Myanmar’s military regime feels like “riding a rollercoaster”. The Southeast Asian country’s economy has been brought to its knees by the conflict triggered by the military’s power grab two years ago. Foreign investors have headed for the exits and the generals…

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