CNBC World

China just pumped $54 billion into banks and insurers — but their stocks still fell

With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.

This is a short WorldPing brief. The full report was published by CNBC World.

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Torrential rain causes widespread damage; while north-west South Africa hit by thunderstorms and central-southern US faces oppressive heat Typhoon Saudel brought days of torrential rain to the Zhejiang, Jiangxi, Fujian and Guangdong provinces in sout…

Brief by WorldPing · Original reporting by The Guardian