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Chinese Premier Li Qiang called on the Asian Infrastructure Investment Bank to increase its support for Beijing's Belt and Road Initiative.

His potential victory could bring what the Street despises the most — tax hikes and tighter regulation that threaten corporate and investment interests.

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.

In his remarks Tuesday, the central bank leader asserted that the Fed is "well positioned to wait" on interest rate policy.

Chinese Premier Li Qiang was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Davos."

From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.

In prepared remarks, Powell said concerns linger over the impact President Donald Trump's tariffs will have on inflation.

The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.

Middle-income households that buy luxury cars would be able to claim the full financial benefit of a $10,000 tax deduction on car loan interest.

The company said it will use the funding to advance adoption of the Canton Network, a blockchain for financial institutions.

White House officials have raised the heat on Powell to lower rates. Now he's faced with two key Fed officials who have said they could favor a cut in July.

"Overall, Chinese merchants are relatively optimistic," says Bear Huo, China general manager at FundPark, a fintech startup.