With a debt ceiling deal freshly signed into law Saturday by President Joe Biden, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning...
A meeting of foreign ministers of the Brics group of nations in South Africa has called for a rebalancing of the global order away from Western nations. South African Foreign Minister Naledi Pandor said the group’s vision was to provide global leadership in a world fractured by geopolitical tension, inequality and global insecurity. Brics is...