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 government is weighing the exemption of some U.S. goods from its 125% import tariffs, Bloomberg reported on Friday, as the country grapples with the high economic cost of a trade war. Officials are considering exempting levies on medical equipment and some industrial chemicals like ethane, Bloomberg reported, citing people familiar with the matter. Chinese officials are also considering waiving tariffs on plane leases, the report said. China's potential exemptions mirror those seen with the U.S., which excluded electronics from its 145% tariffs on Chinese imports, amid concerns...
Initial jobless claims in the United States rose by 6,000 from the previous week to 222,000 on the third week of April, in line with market expectations to remain relatively close to the two-month low from the prior period. In the meantime, outstanding jobless claims fell by 37,000 to 1,841,000 on the second week of April, a two-month low, and well below market expectations that they would rise to 1,880,000. The result continued to reflect a historically tight labor market in the US to extend the momentum from the latest jobs report. Initial unemployment claims filed under programs for...
China has said that there have been no talks with the U.S. on elevated tariffs, even as recent remarks from the White House have raised hopes for a softening in trade tensions between the world's two largest economies, according to CNBC. A spokesperson for China's Ministry of Commerce said "at present there are absolutely no negotiations on the economy and trade between China and the U.S.," CNBC reported on Thursday. The spokesperson noted that "all sayings" with respect to potential progress on the discussions should be dismissed, the business news channel said. Beijing also called on the...
The National Development and Reform Commission of the People's Republic of China (NDRC) has trimmed the number of items on its negative list from 117 to 106. China's Negative List is a government-issued list that identifies areas and industries in which foreign investment is restricted or forbidden. It's an important part of China's effort to manage and gradually liberalize its foreign investment policy. The Chinese authorities partially liberalize eight national measures, including telecommunications services, TV production, pharmaceuticals, internet information services for drugs and...
Japanese Finance Minister Katsunobu Kato told G7 countries on Thursday that "US tariffs are highly disappointing.US tariffs, countermeasures are creating uncertainties in financial market.Stressed that free trade regime promotion important.Constructive policy discussion important.No comment on Bessent's foreign exchange remarks.Many countries make reference to US tariffs.Forex rate should be determined by market.Excessive forex move negatively affect economy.In meeting with Bessent tomorrow, hope to hold talks on the basis of past understanding on the need for the two countries to coordinate...
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...