Industrial and Commercial Bank of China

A Dud Treasury Auction and a Hawkish Powell Ended a Market Rally

A disappointing Treasury auction and hawkish comments by the Federal Reserve’s chair underscored investor fears about inflation.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Bank of China Banking and Financial Institutions Beijing (China) China Consumer Behavior Industrial and Commercial Bank of China Ministry of Commerce (China) People's Bank of China Peoples United Financial Inc

China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.

By Daisuke Wakabayashi