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China A-share innovative-drug stocks extended losses in the afternoon session. Baiaosaitu and Baicheng Pharma hit 20% limit-down; Yaokang Biotech, Hongbo Pharma, Qianyan Biotech and Huana Pharmaceutical fell more than 10%.

2026-07-17

China A-share innovative-drug stocks extended losses in the afternoon session. Baiaosaitu and Baicheng Pharma hit 20% limit-down; Yaokang Biotech, Hongbo Pharma, Qianyan Biotech and Huana Pharmaceutical fell more than 10%.

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2026-07-17

Federal Reserve Vice Chairman Jefferson: If the demand effect triggered by the construction and consumption of artificial intelligence infrastructure precedes the productivity dividend brought by artificial intelligence, then artificial intelligence

Federal Reserve Vice Chairman Jefferson: If the demand effect triggered by the construction and consumption of artificial intelligence infrastructure precedes the productivity dividend brought by artificial intelligence, then artificial intelligence may put upward pressure on inflation.
2026-07-16

Bank of England deputy governor Breeden said weak UK growth reduces the risk that recent inflation spikes become persistent via wages or corporate pricing, and there is not a strong case to raise rates immediately. She noted that borrowing costs for

Bank of England deputy governor Breeden said weak UK growth reduces the risk that recent inflation spikes become persistent via wages or corporate pricing, and there is not a strong case to raise rates immediately. She noted that borrowing costs for firms and households have risen since the Middle East war and, combined with sluggish activity, lessen the need to tighten to contain price pressures. Breeden, a dovish MPC member who has voted to keep Bank Rate at 3.75% at the past three meetings, said she expects inflation to fall back toward the 2% target absent further war-related shocks, but would support rate hikes if evidence of sustained second‑round effects emerges. She also flagged cyber‑security risks from recent AI advances as a Bank of England concern.
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