Painful Fallout When Politics and Markets Collide: Weekend Reads
People walk outside a shopping mall in Beijing on Aug. 16.
Photographer: Jade Gao/AFP/Getty Images
Chinese authorities stepped up efforts to bolster financial markets as President Xi Jinping’s government grows increasingly uncomfortable with the pace of declines in stocks and the yuan.
Maverick congressman Javier Milei pulled off a shock primary win that upended Argentina’s presidential race and roiled markets with his calls to abolish the central bank and replace the peso with the US dollar.