Economy News

Economy

ECB's Escriva Warns: Worst-Case Economic Scenarios Unfolding Amid US Tariffs

ECB's Jose Luis Escriva warns of materializing worst-case economic scenarios due to US tariffs, suggesting a potential shift in global currency dominance from the dollar to the eur...

Economy

Surge in US Mortgage Applications: A 20% Weekly Jump Signals Market Shift

US mortgage applications surged by 20% in the week ending April 5, as per the MBA survey. Key indexes like Market, Purchase, and Refinance showed significant growth, with a slight ...

Economy

Bessent Warns China Against Currency Devaluation Amid Escalating Trade Tensions

US Treasury Secretary Scott Bessent reacts to China's tariff increases, warning against currency devaluation and urging for diplomatic solutions to trade disputes, while also addre...

Economy

China Escalates Trade War with US, Imposes 84% Tariff on American Imports

China responds to US tariffs by increasing its own tariffs on American imports to 84%, criticizing the US's actions as harmful to global trade and economic stability.

Economy

Treasury Secretary Bessent Predicts Calm in Bond Markets Amid Trade Deal Optimism

US Treasury Secretary Scott Bessent forecasts a calming bond market, citing upcoming trade deals and deregulation as key factors. He reaffirms the strong dollar policy amidst econo...

Economy

Bessent Warns China Against Currency Devaluation in Escalating Trade Dispute

US Treasury Secretary Scott Bessent warns China against currency devaluation amid trade tensions, urging diplomatic talks and action on fentanyl exports.

Economy

ECB's Knot Warns: Global Trade War Poses Long-Term 'Negative Supply Shock' to Economy

ECB's Klaas Knot warns that the global trade war could lead to a long-term 'negative supply shock', potentially causing inflation. He calls for EU market strengthening and mentions...

Economy

Japan Urges US to Lift Tariffs as Trade Tensions Rise: A Call for Economic Stability

Japan's top diplomat Masato Kanda Mimura calls for the US to exempt Japan from recent tariffs, highlighting the need for economic stability and ongoing discussions with the US Trea...