March 1 a ‘Hard Deadline’ for Talks, says Lighthizer
US-China trade negotiations need to come with a successful end by March 1 or new tariffs will be slapped, according to US Trade Representative Robert Lighthizer on Sunday. Read more here!
Economy
US Employment Expected to be Easing over Economy Fears
US companies possibly maintained a solid pace of hiring in November while increasing wages for workers, indicating that the economy is still strong enough for the Federal Reserve to continue raising interest rates in 2019. The Labor Department will publish its closely followed monthly employment report on Friday against a backdrop of a sharp selloff …
US Employment Expected to be Easing over Economy Fears Read More »
Australia Bank Next Rate Move Possibly Up
Australia’s central bank has some room to slash policy rates from current record lows although the next move is still likely to be an increase rather than a decrease, said Deputy Governor Guy Debelle. Read more here!
China Confident to Deal with the US over Trade War
China showed confidence on Wednesday that it can reach a trade deal with the United States. Read more here!
Yield Curve Narrows, Fed in Debate
Top US Federal Reserve officials say that a strong economy will possibly keep the bank’s increase plan intact, but on Monday a key signal, which is the yield curve, started to waver. Read more here!
US, China on a Trade War Truce after Meeting
China and the United States have agreed to a ceasefire in their prolonged and disruptive trade war on Saturday after a high-profile meeting. Read more!
Fed Minutes Show “Warranted” Rate Hike Soon
Fed minutes of the November 7 to 8 policy-setting meeting showed that another interest rate increase was “likely to be warranted fairly soon.” Read more here!
US Economy Slows Down in Q3
The US economy slowed down in the third quarter as previously estimated, but the pace was likely strong enough to keep growth on track. Read more!
Trump Welcomes a Deal but “Certain Conditions,” says Kudlow
US President Donald Trump welcomes the possibility of reaching a deal on US-China trade frictions over dinner on Saturday with Chinese leader Xi Jinping. Read more here!
Trump Expects to Slap Higher Tariffs on Chinese Goods
US President Donald Trump said on Monday that he is expected to go ahead with slapping China with higher tariffs on $200 billion in Chinese imports from the current 10 percent to 25 percent. He also repeated his warning to impose tariffs on all of the remaining imports from China, the world’s second largest economy. …
Trump Expects to Slap Higher Tariffs on Chinese Goods Read More »
British PM to Address Lawmakers on Brexit Vote
British Prime Minister Theresa May will tell lawmakers on Monday that they face a stark choice. Read more here!
China-Based US Firms Plans to Relocate, Survey Says
Over 70 percent of US companies that have operations in southern China are planning of delaying further investments in there and moving some or all of their manufacturing to other countries as the trade war starts to bite into profits, according to a business survey data shown on Monday. [img desc: US Firms in China …
China-Based US Firms Plans to Relocate, Survey Says Read More »
Japan to Retain Policy, Centers on 10-Year Yield Range
The Bank of Japan retain its policy settings at its meeting this week, according to economists in a poll, amid stronger speculation that the BOJ will eventually use greater flexibility in yield movements as a tightening measure. [img desc: Bank of Japan Maintains Policy Stance, Centers on 10-Year Yield Range] All 46 analysts that were …
Japan to Retain Policy, Centers on 10-Year Yield Range Read More »
Saudi Arabia Willing to Accept Deficit for Economic Growth
Saudi Arabia is planning to balance its state budgets over the medium term although they stay willing to accept deficits if they are needed to fuel economic growth, according to Finance Minister Mohammed al-Jadaan. The government has announced that it will get rid of the budget gap, officially projected at 148 billion riyals ($39.5 billion) …
Saudi Arabia Willing to Accept Deficit for Economic Growth Read More »
