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The dollar held its ground against major peers on Monday as disappointing monthly activity data from China helped the greenback claw back some losses after a shocking slump in consumer sentiment on Friday weakened the U.S. unit. ....
The Federal Reserve may be wrestling with an inflation problem, but two former senior staffers at the U.S. central bank argue that continued higher prices in the future may be what is needed to shift the whole economy to a higher plateau and deliver a jobs boom that helps the broadest set of people. ....
China's daily crude throuhgput last month fell to the lowest since May 2020 as independent plants slashed production amid a tighter quotas, high inventories and weakening profits. ....
The fall of the U.S.-backed government in Kabul is an historic moment in Beijing. President Xi Jinping has long argued that Asian security should be managed by Asians. Now the pressure is on to show that China can help stabilise Afghanistan economically while protecting Chinese investments nearby. He has his work cut out. ....