Russia unleashed a renewed attack on Ukraine, targeting the country's central and western regions with drone and missiles as Kyiv's allies pledged increased air defense protection to help shield the war-ravaged nation. Sirens sounded for more than six hours as Russia fired drones, cruise- and ballistic missiles and the Kinzhal hypersonic missile, Ukraine's air defense force said Monday on Telegram. At least one person was killed in the capital, Kyiv, and another was hospitalized "with multiple wounds." Kyiv is shrouded in smoke from fires in several districts, including an apartment...
Japan's 10-year government bond yield edged above 1.3% on Tuesday as the country held a liquidity enhancement auction, offering insights into investor appetite for super-long maturity bonds. The Finance Ministry was scheduled to issue a total of 450 billion yen in long-dated securities, drawing market focus to potential shifts in demand. Looking ahead, attention is turning to next week's Bank of Japan policy meeting. The central bank is widely expected to keep its benchmark interest rate steady at 0.5%, but may revise its economic growth projections downward amid growing external risks....
U.S. President Donald Trump is laying the groundwork to blame the Federal Reserve under Chair Jerome Powell for any economic weakness resulting from his trade tariffs, the Wall Street Journal's Nick Timiraos wrote on Monday. Trump is signaling that he will blame the Fed if the central bank does not concede to his demands for interest rate cuts soon, Timiraos said, in a process that could also delegitimize the central bank's independence. Timiraos' comments come after Trump engaged in a social media tirade against the Fed and Chair Powell, calling him a "major loser" and "Mr. Too Late" amid...
Exports from Indonesia unexpectedly grew by 3.16% year-on-year to a three-month high of USD 23.25 billion in March 2025, beating forecasts of a 3.4% fall, despite easing from a marginally revised 13.86% jump in February. This marked the 12th straight month of export growth, though it was the softest pace since last July as non-oil and gas exports rose by 2.56% to USD 21.80 billion, slowing sharply from a 15.40% surge in February. Sales grew to the U.S. (20.06%), China (9.51%), ASEAN (6.82%), and the EU (21.52%). Among commodities, sales increased mainly for animal/vegetable fats and oils...
U.S. President Donald Trump again called for Powell to cut rates.Economic activity might ‘fall off' in summer, Chicago Fed President Austan Goolsbee said.The Trump administration could overhaul the U.S. State Department.Fees on Chinese-built vessels will be imposed by the Trump administration.Ukraine said it had signed the outline of a mineral deal with the U.S.Tesla and Alphabet are announcing first-quarter earnings this week.An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the...
China's ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war. Speaking at a public event in Washington on Saturday, details of which were posted on the Chinese embassy's web site, Xie said tariffs would devastate the global economy and drew a parallel between the Great Depression and tariffs imposed by the U.S. in 1930. Referring to concepts in traditional Chinese medicine like the need to balance the opposing forces of yin and yang,...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Russia unleashed a renewed attack on Ukraine, targeting the country's central and western regions with drone and missiles as Kyiv's allies pledged increased air defense protection to help shield the...