China shuffles leadership committee and retains many Xi allies
But the new list for China’s central committee left off several officials with more market-leaning tendencies.
Financial News
British pound slides on political uncertainty, reversing Liz Truss resignation bounce
“Overseas investors are likely to see this political volatility as another reason to get out of U.K. assets,” one strategist told CNBC.
UK Prime Minister Liz Truss resigns after failed budget and market turmoil
U.K. Prime Minister Liz Truss resigned following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.
UK PM Liz Truss says she’s a ‘fighter not a quitter’ as lawmakers plot to oust her
Truss described her U-turn on tax cuts as “in the national interest to make sure that we have economic stability.”
Liz Truss’ ‘trickle-down economics’ is dead. Now the UK faces an uncertain future
Just six weeks into U.K. Prime Minister Liz Truss’ tenure and the political future of yet another Conservative leader looks to be in jeopardy.
UK Prime Minister Liz Truss faces serious pressure to resign after failed budget
U.K. Prime Minister Liz Truss is facing calls to resign from within her own Conservative Party just six weeks after entering Downing Street.
Xi warns against foreign interference in Taiwan, says China will ‘never promise to renounce’ force
Chinese President Xi Jinping said China reserves the option of “taking all measures necessary” against “interference by outside forces” on the issue of Taiwan.
Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded
The Federal Reserve’s campaign to tame high inflation here in the U.S. has been felt around the world.
UK PM Liz Truss reverses more tax-cutting plans and names Jeremy Hunt as finance minister
British Finance Minister Kwasi Kwarteng was fired on Friday, amid mounting political pressure and market chaos after less than six weeks in the role.
British pound jumps on reports UK government may reverse parts of its tax-cutting proposals
Sterling jumped against the U.S. dollar on Thursday following reports that the U.K. government is in talks to scrap parts of its unfunded package of tax cuts.