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china, Asia Factory Activity Lackluster on Soft Chinese Demand, PMI

US Charges China’s Huawei of Stealing Trade Secrets

The US Department of Justice has charged Huawei with theft of trade secrets, wire fraud, and obstruction of justice. A 10-count indictment accuses Huawei stole trade secrets from T-Mobile starting in 2012. Huawei also allegedly offered bonuses to employees who stole confidential information from other companies, particularly US carrier T-Mobile. Additionally, a 13-counti indictment charged …

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Trump Delays State of the Union Address

Economy, News / By John Marley

US President Donald Trump said in a late night Tweet on Wednesday that he would delay the State of the Union Address until the government shutdown was over as a response to House Speaker Nancy Pelosi’s move to obstruct his plans for the speech. Earlier in the day, Democratic leaders in the House of Representatives …

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BOJ Slashes Inflation View, Retains Monetary Stimulus

Economy, News / By John Marley

The Bank of Japan (BOJ) has slashed its inflation forecasts on Wednesday and warned of rising risks to the economy from faltering global demand, further pushing back policymakers’ years-long efforts to foster durable growth. As widely expected, the BOJ retained its ultra-easy monetary settings at its policy review, leaving Japan some way off from exiting …

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IMF Downgrades Global Growth Forecasts

Economy, News / By John Marley

The International Monetary Fund slashed its global growth forecasts on and a survey showed increasing negativity among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering. The bleak IMF forecasts, published on the eve of the World Economic Forum in Davos, Switzerland, emphasized the challenges that are faced by policymakers …

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China Economy Expected to Slow Down Weak Domestic Demand

Economy, News / By John Marley

China is set to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. Increasing signs of weakness in China, which has fueled nearly a third of …

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trump in a speech pointing at someone in the audience

Trump Calls for More Support for his Wall on TV Speech

Economy, News / By John Marley

President Donald Trump called on Congress late on Tuesday to hand him $5.7 billion this year to help build a wall on the US border with Mexico but stopped short of declaring a national emergency to pay for the wall using military funds.

federal reserve concepts dollar bill rolls

Fed to Raise Rates only Once in 2019, Says Bostic

Economy, News / By John Marley

The Federal Reserve may only need to raise interest rates once in 2019, Atlanta Fed President Raphael Bostic said, focusing on business executives’ nervousness about the economy and a global slowdown as factors that may hold the US central bank back. Read more here!

Trump Offers Steel Border Wall Option

Economy, News / By John Marley

US President Donald Trump pledged on Sunday not to bend in his demand for a wall along the southern border with Mexico but stated that the barrier could be made of steel instead of concrete as a potential compromise with Democrats who refuse to fund it. Trump’s statements came at the beginning of the third …

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Trump closeup shot looking towards his left

Congress, Trump Set to Meet over Shutdown and Wall

Economy, News / By John Marley

S President Donald Trump and congressional leaders were set on Friday to meet and discuss ways to break an impasse pitting his demand for building a border wall against Democrats’ call for alternative security measures. Read more here!

European Equities Rally as ECB Hikes Price in

ECB Appoints 3 Admins to Italy’s Carige

Economy, News / By John Marley

The European Central Bank designated three temporary administrators on Wednesday to take charge of Italy’s Carige bank in an unforeseen effort to save the floundering lender after it failed to raise new capital. Read more here!

Asia Factory Activity Lackluster on Soft Chinese Demand, PMI

Economy, News / By John Marley

Factory activity weakened across Asia in December as the US-China trade war and a slowdown in Chinese demand hit production in most countries, strengthening the case for a pause in interest rate hikes in the region in 2019. Read more here!

BOJ Policymakers at Odds Over Bond Yields

Economy, News / By John Marley

Bank of Japan policymakers were at logger-heads on the amount which they should allow bond yields to fall, as they fret over a worsening global economic outlook and the increasing costs of extended easing, according to a summary of their opinions at December rate review. Some policymakers also cautioned that the achievement of the central …

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Trump Ready for Extended Government Shutdown to Fund Wall

Economy, News / By John Marley

US President Donald Trump on Wednesday said that he is ready to wait for as long as it takes to get $5 billion from taxpayers for his US-Mexico border wall, a demand that has triggered a partial shutdown of the federal government, which is now on its fifth day of shutdown. Read more here!

BOJ Cautions Growth Risks, Policy Steady

Economy, News / By John Marley

As the risks to the global economy increases, the Bank of Japan (BOJ) is expected to tag along in a string of warnings from other policymakers of the threat to growth from protectionism and signal its resolve to keep the money plug open. Read more!

Japan currency concept on beach by the sands

Japan’s Exports Grew slower in November, Core CPI Firm

Economy, News / By John Marley

Japan’s exports growth is seen to have eased in November, according to a survey on Friday, indicating a dimming economic outlook in the midst of the easing global demand and a US-China trade dispute. Read more here!

Economy

US Charges China’s Huawei of Stealing Trade Secrets

Trump Delays State of the Union Address

BOJ Slashes Inflation View, Retains Monetary Stimulus

IMF Downgrades Global Growth Forecasts

China Economy Expected to Slow Down Weak Domestic Demand

Trump Calls for More Support for his Wall on TV Speech

Fed to Raise Rates only Once in 2019, Says Bostic

Trump Offers Steel Border Wall Option

Congress, Trump Set to Meet over Shutdown and Wall

ECB Appoints 3 Admins to Italy’s Carige

Asia Factory Activity Lackluster on Soft Chinese Demand, PMI

BOJ Policymakers at Odds Over Bond Yields

Trump Ready for Extended Government Shutdown to Fund Wall

BOJ Cautions Growth Risks, Policy Steady

Japan’s Exports Grew slower in November, Core CPI Firm

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