Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
China's Commerce Ministry said early Wednesday that US measures on China's advanced chips are ‘typical of unilateral bullying and protectionism.' Chinese authorities urged the US to immediately correct its erroneous practices. US measures on China's advanced chips are ‘typical of unilateral bullying and protectionism.' US chip measures seriously undermine the stability of the global semiconductor industry chain and supply chain. US abuses export controls to contain and suppress China, violating international law and basic norms. Suspects that US measures constitute discriminatory,...
President Donald Trump outlined plans for a new defense system dubbed "Golden Dome," highlighting advanced technology, international interest and a projected cost of $175 billion. Key Quotes Made announcement about the Golden Dome defense shield. Selected architecture for the Golden Dome. Will include space-based interceptors. Canada says it wants to be part of it. Gold Dome should be operational by the end of my term. We're helping Israel with their system. Our technology is more advanced than Israel's. Bill in Congress to include $25 billion for the Golden Dome. Talks...
Federal Reserve Bank of Cleveland President Beth Hammack noted during an interview with Axios that the evolving policies of the U.S. government continue to make it increasingly difficult for policymakers to manage the economy. If not addressed, Hammack sees a stagflation scenario, in which low growth is accompanied by high inflation, as increasing. Key highlights Extraordinary uncertainty is weighing on economic activity. Upcoming policies could offset the effects of trade policy. Hammack sees a stagflation outcome as a likely scenario. I don't want to overreact to trade. White House...
The wave of new U.S. tariffs has severely dampened the mood among exporters and 42% of companies now expect their export revenues to decline markedly, according to a global survey by Allianz Trade published on Tuesday. The credit insurer surveyed 4,500 exporters in Germany, France, Italy, Spain, Poland, Britain, the United States, Singapore and China about global trade in March and April, before and after the tariffs spiral on April 2. Before Donald Trump's 'Liberation Day', when the president announced new tariffs against almost all trading partners, only 5% of companies had expected...
Indonesia's government sees economic growth reaching at least 5.2% next year as it continues to focus on improving food production, energy security and people's wellbeing, its finance minister told parliament on Tuesday. Finance Minister Sri Mulyani Indrawati said economic growth in 2026 would be between 5.2% and 5.8% next year with the bottom end of the range the same as 2025's growth target. "We will reach the target in 2026 by maintaining people's purchasing power... development of natural resources downstream industry and improving the investment climate, as well as human resources,"...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...