US Secretary of State Antony Blinkens first visit to China comes nearly five months after a major rupture in relations over a Chinese spy balloon.
Investor fears of mounting economic damage are threatening to overshadow the next round of interest-rate hiking all but promised by central bankers from Washington to Frankfurt.
Oil was steady in Asia after jumping the most in six weeks on Thursday as a weaker dollar and expectations for more stimulus in China outweighed concerns over higher interest rates in the US and Europe.
Oil held losses driven by a big jump in US crude stockpiles and as the Federal Reserve signaled it’s not finished with rate hikes.
Japan’s exports expanded at the weakest pace in over two years amid a global economic slowdown, adding to uncertainty over the country’s growth outlook amid speculation Prime Minister Fumio Kishida may be considering an early election.
Federal Reserve policymakers are poised to pause their hiking of interest rates for the first time in 15 months, while retaining a tightening bias that signals a possible resumption of moves as soon as next month.
Goldman Sachs raised its year-end price target for the S&P 500 to 4,500. That represents a 5% upside from current levels, and a 17% increase for the index in 2023. Those gains will be due to the boom in AI, which could boost the overall market.
Federal Reserve officials seeking to put their tightening campaign on pause this week are set to receive support from consumer price index data due Tuesday, according to Bloomberg Economics.
China’s central bank unexpectedly cut its short-term policy interest rate, easing its monetary stance to help aid the economy’s recovery.
A less-distorted bond market, continued weakness in wages and the threat of an early election are among the reasons the Bank of Japan is expected to keep policy unchanged at this week’s gathering.
A concrete expanse the size of Monaco jutting off China’s southern coastline is the imposing centerpiece in Beijing’s efforts to slow its growing dependence on imported oil.
Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following the lawsuits by U.S. securities regulators against the Binance and Coinbase exchanges. Other top 10 non-
General Motors (GM) announced Thursday it is joining forces with Tesla (TSLA) to leverage the electric-vehicle makers Supercharger Network.
About four months after US short seller Hindenburg Research shook Indian financial markets with a bombshell report on the Adani Group, the conglomerate’s stocks are finding it hard to shake off the impact.
Australia’s recent upside surprises in inflation are testing the Reserve Bank’s patience, Governor Philip Lowe said, highlighting a rebounding housing market, strong wage gains and persistent service price pressures.
