Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the worlds top-producing regions.
China pumped the most liquidity into its financial system via short-term policy loans on record, a sign policymakers are likely to keep interest rates low to bolster a nascent economic recovery.
The Bank of Japan may scrap negative interest rates by the end of this year to adjust the currently excessive level of monetary easing, according to a former BOJ board member.
SAN FRANCISCO (Reuters) - Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand.
Oil rallied as a deadly explosion at a Gaza hospital boosted tensions in the Middle East before President Joe Biden’s arrival in the region.
The Bank of Japan announced an unscheduled bond-purchase operation on Wednesday, reminding the market of its determination to slow the pace of increases in sovereign yields.
The U.S. dollar started Tuesday on the back foot as investors took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.
Chinas Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns.
The US plans to tighten sweeping measures to restrict China’s access to advanced semiconductors and chipmaking gear, seeking to prevent its geopolitical rival from obtaining cutting-edge technologies that could give it a military edge.
Chinese leader Xi Jinping is gathering world leaders in Beijing this week for a high profile forum with a clear set of goals: laud China’s role backing economic development over the past decade and project its expanding ambitions as an alternative global
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation authorities will intensify efforts to prop up the sinking stock market.
The pace of gains in Japan’s producer prices decelerated more than expected in September, falling below the latest consumer inflation reading for the first time since early 2021, supporting the central bank’s view that import-driven price pressure is mod
El Ni?o has started to cause some concerns in Asia, and it’s a strained rice market that’s facing the first test from the weather phenomenon.
Samsung Electronics Co. reported a more modest slide in quarterly profit after staunching losses at its chip division, suggesting the global semiconductor market may have rounded a corner.
Gold held gains as conflict in the Middle East continued to roil markets, while investors considered whether tightening financial conditions may have reached a peak following dovish commentary from Federal Reserve officials.
