US annual inflation eases slightly to 8.5% in July as fuel prices fall
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China rate markets signal cooling bets on deflation, PBOC easing
Investors and businesses use the swaps to hedge their interest rate exposure by exchanging a fixed-rate income stream for floating rates
HSBC mulls deep job cuts from multiyear AI-fuelled overhaul
Global banks will eliminate as many as 200,000 positions in the next three to five years
