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Economy

Lebanon banks tighten withdrawal caps, sparking outcry

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Major banks in Lebanon began tightening banking controls this month, halving the amount of dollars depositors are allowed to withdraw every month, despite growing public anger. Faced with a dollar liquidity crunch, banks have imposed informal controls on dollar withdrawals and transfers abroad since September amid widespread anti-government protests and ...

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Coronavirus: Chinese stocks plunge as markets reopen

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The Shanghai Composite index fell nearly 9% before recovering slightly, while commodity prices also slumped. Manufacturing, materials, and consumer goods companies are among the hardest hit, as healthcare shares soar. The fall came despite China’s central bank announcing new measures to ease the impact of the outbreak. The People’s Bank ...

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