China’s consumer growth is a key plank underpinning the investment thesis for many of the country’s big technology companies. But the torrent of revenue from domestic customers is getting expe- nsive, forcing the likes of Tencent Holdings Ltd, Alibaba Group Holding Ltd and Sina Corp to pony up more cash just to keep the numbers humming along at the accustomed ...

Remarks by Fed officials at the symposium in Jackson Hole, Wyoming, confirmed the consensus market expectation that the US central bank will hike interest rates two more times this year, delivering the biggest annual tightening in more than a decade. The increases would be carried out even as the Fed is reducing the size of its $4 trillion balance sheets. ...

China’s banks have a deposit problem. For those outside the so-called Big Four lenders, there’s just not enough to go around. It’s not an issue for the biggest. Industrial & Commercial Bank of China Ltd, Bank of China Ltd, China Construction Bank Corp and Agricultural Bank of China Ltd all share one thing: sticky, low-cost retail deposits. Move down the ...