Most of what you pay for a ‘made in China’ product goes to US workers and businesses

About 56 per cent of what you pay for something “made in China” goes to US workers and companies, on average, according to a new analysis released by the Federal Reserve Bank of San Francisco. The rules are complicated, but “made in China” roughly indicates a good was assembled in a Chinese factory. Its parts, […]

US shutdown: How the federal government closure is impacting millions

On Saturday, the partial federal government shutdown entered its 22nd day, making it the longest such shutdown in US history. Donald Trump has argued that the shutdown is necessary to win funding for a wall to address what he says is a crisis on the Mexico border. But 69% of Americans say a border wall […]

Erdogan’s $2b reason to thank the Saudis

Istanbul There are opportunistic financing deals, and then there’s Turkey. A $2 billion 10-year bond sale appeared out of nowhere for the country on Wednesday, with no roadshow and no prior announcement. But there was one big helping hand. Saudi Arabia had just launched $7.5 billion of new 10- and 30-year notes and had elected […]