Federal Reserve semiannual report says the central bank stands ready to use all available tools to fulfill its dual mandate.

French President Macron welcomed South African President Ramaphosa to the Élysée Palace in Paris for bilateral talks.

CITIC Securities executive committee member Li Yongjin said China is in a cycle of shifting growth drivers. He warned of near-term domestic-demand pressure for consumption and the pharmaceuticals sector but said the rise of new productive forces and structural transformation should help stabilise China’s long-term potential growth. He flagged expanding total consumption and continued pharmaceutical innovation and internationalisation as clear long-term trends that sustain identifiable sectoral investment opportunities.