President Donald Trump refutes claims that tariffs cause inflation, criticizing Goldman Sachs for incorrect predictions and praising the economy's strength under new tariffs.
Italy's industrial production saw a modest 0.2% increase in June compared to May, but fell by 0.9% annually. Sector-wise, intermediate goods grew by 0.2%, energy and capital goods ...
South Korea's annual inflation rate slightly decreased from 2.2% in June to 2.1% in July, with the CPI rising by 0.2% monthly. Excluding fresh food and energy, the CPI increased by...
The People's Bank of China injected 300 billion yuan into the financial system in July, using MLF and reverse repurchase agreements, without disclosing treasury bond transactions.
Federal Reserve Bank of New York President John Williams discusses the expected increase in tariffs' impact on inflation and the economy, noting current modest effects but predicti...
President Donald Trump has reiterated his demand for the Federal Reserve to cut interest rates, following the release of June's inflation data which showed an increase to 2.7% annu...
JPMorgan Chase CEO Jamie Dimon warns of AI's potential to disrupt jobs and reshape industries, while also addressing broader economic concerns like tariffs and inflation. He suppor...
European Commissioner Valdis Dombrovskis discusses the impact of US-EU trade tensions on the economy, urging for a swift agreement before the August 1 deadline to alleviate uncerta...
South Korea faces increasing economic pressure with exports slowing due to trade uncertainties and domestic demand dropping. The government plans a significant extra budget to addr...
Federal Reserve Chair Jerome Powell suggests that increasing unemployment rates may lead to changes in the Fed's monetary policy, with potential wide-ranging effects on the economy...
Japan's retail sales fell by 1.2% in March, missing investor expectations, but annual figures show a 3.1% growth. The wholesale industry also saw a 3.6% increase year-on-year.
Gold prices surged over 1% as trade tensions between the US and China escalated, with other precious metals also seeing gains. Investors are now closely watching upcoming jobs data...
Billionaire Bill Ackman calls for a 90-day pause and reduction on US tariffs for Chinese goods to encourage fair trade negotiations, offering a window for US businesses to adjust a...
China responds to US tariff hikes by increasing its own tariffs on US goods from 84% to 125%, starting April 12. The Chinese Finance Ministry criticizes the US's economic strategy,...
China responds to US tariffs by increasing its own tariffs on US goods from 84% to 125%, effective April 12. The Chinese Finance Ministry criticizes the US actions, stating they la...
China responds to US tariff hikes by increasing its own tariffs on US goods from 84% to 125%, signaling a sharp escalation in the trade war and warning of the economic senselessnes...
China responds to US tariffs by increasing its own tariffs on American goods from 84% to 125%, effective April 12, and vows to ignore further US tariff impositions.
China responds to US tariffs by increasing its own tariffs on American goods from 84% to 125%, effective April 12. The move escalates the trade war, with China criticizing US actio...
Chicago Fed President Austan Goolsbee warns that tariffs could lead to a stagflationary shock, posing unique challenges for the Federal Reserve. He highlights the anxiety in manufa...
Initial jobless claims in the U.S. increased by 4,000 to 223,000 for the week ending April 5, with the 4-week moving average unchanged. The insured unemployment rate remained at 1....
President Donald Trump has indicated a potential shift in trade policy by considering tariff exemptions for US companies affected by market downturns. He also shared insights on th...
Singapore's Prime Minister Lawrence Wong warns that the US's new 10% universal tariff could severely impact Singapore's trade-dependent economy, with potential revisions to growth ...
CEOs of major global banks held private talks on the effects of President Trump's tariffs on the economy, organized by the Bank Policy Institute, amid growing recession fears.
US President Donald Trump is undecided on adopting a reciprocal tariff plan, with an announcement set for April 2. Options are being weighed to match tariffs on US exports, as reve...
UK Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves are pushing for government efficiency through AI adoption and significant job cuts, aiming to strengthen the economy...
Japan has achieved a significant trade surplus of ¥584.5 billion in February, highlighting the strength of its export sector amidst global economic challenges. Detailed analysis an...
US Treasury Secretary Scott Bessent announced that each country affected by US trade restrictions will be assigned a tariff number effective April 2. He also discussed the economy'...
India is set to become the world's third-largest economy by 2028, driven by its growing consumer market and increased global output share. The economy is projected to reach $5.7 tr...
Kevin Hassett, Director of the National Economic Council, lauds the latest jobs report as "fantastic," suggesting the stock market underestimates its impact. He credits President T...
China's trade surplus dramatically increased to $170.51 billion in February, surpassing expectations. Exports grew by 2.3%, while imports fell by 8.4% year-on-year, highlighting th...
President Donald Trump has announced plans to address the US trade deficit, which saw a significant increase in January. Trump criticized his predecessor, Joe Biden, for the curren...
The US Census Bureau reported a 0.8% increase in wholesale inventories for January 2024, totaling $906.2 billion. This growth, slightly below expectations, marks a 1.2% annual rise...
