Finance

Recent statements from top Chinese officials highlight the country’s commitment to prioritizing its own affairs amidst escalating trade tensions with other nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized that by focusing on internal affairs, China can ensure the smooth and steady progress of
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JD Vance, the new running mate of U.S. presidential hopeful Donald Trump, delivered a hard-hitting speech at the Republican National Convention emphasizing the need to protect the wages of American workers. In his address, Vance highlighted the threat posed by the Chinese Communist Party to American citizens, stressing the importance of safeguarding the interests of
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Federal Reserve Governor Christopher Waller recently indicated that interest rate cuts may be in the cards soon, provided that there are no unexpected developments in inflation and employment. He expressed optimism about a potential “soft landing” based on current data and stated that he would be closely monitoring economic indicators in the coming months to
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Recently, the German regulator BaFin accused Deutsche Bank of incorrectly disclosing deferred tax assets in its 2019 financial statement. According to BaFin, the declarations on deferred tax assets in the consolidated financial statement were incomplete, not meeting international accounting standards. Specifically, 2.076 billion euros worth of deferred tax assets were not disclosed separately in the
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Goldman Sachs, a financial giant, demonstrated its resilience and strength with its latest earnings report, surpassing profit and revenue estimates. The second-quarter profit saw a remarkable 150% increase from the previous year, reaching $3.04 billion. The earnings per share stood at $8.62, beating the LSEG estimate of $8.34 per share. The company’s revenue also exceeded
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