Biden taps CFTC commissioner Goldsmith Romero to lead scandal-hit FDIC
U.S. President Joe Biden will nominate Christy Goldsmith Romero, a Democratic member of the Commodity Futures Trading Commission (CFTC), to replace Martin Gruenberg as chair of the Federal Deposit Insurance Corporation (FDIC), the White House said on Thursday. The intended nomination from the White House comes after Gruenberg, a Democrat, said in May he would […]
China’s property investment slump worsens
Property investment in China fell 10.1% in the first five months of 2024 from a year earlier, after dropping 9.8% in January-April, even as policymakers doubled down on efforts to support the ailing sector and shore up consumer confidence. Property sales by floor area in January-May fell 20.3% from a year earlier, compared with a […]