Healey warned to limit Budget borrowing amid bond sell-off
New chancellor plans to stay ‘well within’ Labour’s fiscal rules, say allies
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Why the energy crisis won’t save western oil refineries
North America and Europe to lose further capacity because of investor wariness
Shanghai’s answer to Nasdaq outstrips Hong Kong amid Chinese tech frenzy
Star 50 index up almost a quarter this year, leaving rivals behind
What is Bessent doing with the $32tn Treasury market — and will it work?
US Treasury secretary has made a high-stakes bet he can beat back soaring borrowing costs
Bessent’s efforts in the Treasury market so far haven’t worked. Here’s what else he can try
Market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.