Former Bank of Japan Board Member Highlights Conditions for Exiting Accommodative Monetary Policy
Former Bank of Japan advisory board member, Tsuyoshi Kataoka, suggested on Thursday that the central bank will only be able to exit its accommodative monetary policy if it consistently meets its 2% inflation target. Speaking at the Reuters Global Markets Forum, Kataoka emphasized the importance of successful wage negotiations in the spring of 2024 to […]
US Commerce Secretary Lemond Warns China: Patience of US Businesses Wearing Thin
US Commerce Secretary Calls for Predictable Environment and Fair Play in US-China Relations By Reuters Staff WASHINGTON – In a recent interview broadcast on September 3, US Commerce Secretary Lemond expressed concerns over the deteriorating patience of American businesses operating in China. He emphasized the need for a predictable environment and a level playing field, […]
China’s Country Garden Secures Approval from Creditors to Extend Repayment of Yuan-denominated Bonds
China’s Country Garden Receives Approval to Extend Repayment of Yuan-Denominated Bonds Thursday, 2nd September 2023 Country Garden, a troubled real estate developer in China, has obtained consent from its creditors to extend the repayment period for its yuan-denominated bonds, according to sources familiar with the matter. The announcement was made today, providing a temporary sense […]
Cleveland Fed President: US Labor Market Remains Strong Amid Signs of Balancing
Strong US Labor Market Shows Signs of Balancing, Says Federal Reserve Official Washington, DC – In a recent speech, Cleveland Federal Reserve Bank President Loretta Mester emphasized that despite indications of balancing, the US labor market remains resilient. Mester also highlighted the importance of data-driven interest rate decisions. “Despite witnessing some improvements in the balance […]
Fed President Thomas Barkin Urges Caution as US Economic Growth Shows Signs of Re-Acceleration
Richmond Federal Reserve Bank President Thomas Barkin Discusses Potential Re-Acceleration of US Economic Growth by [Author Name] Washington, DC – In a statement released on Thursday, Thomas Barkin, the President of the Federal Reserve Bank of Richmond, emphasized the need for the Federal Reserve Board (Fed) to be aware of the possibility that the United […]
Chinese Premier Li Qiang acknowledges challenges in US-China bilateral relations and trade cooperation
Chinese Premier Li Qiang Expresses Concerns About US-China Bilateral Relations and Economic Cooperation Beijing, January 21, 2023 During a meeting on Monday with senior officials from the United States-China Business Council (USCBC) delegation, Chinese Premier Li Qiang raised concerns about the current state of bilateral relations and economic and trade cooperation between the United States […]
Resilience of US Economy in Question as S&P 500 Struggles to Follow Higher
S&P 500 Struggles as Investors Question US Economy’s Resilience Investors are increasingly skeptical about the long-term strength of the US economy, making it difficult for the S&P 500 to continue its upward trajectory, according to equity strategists at Morgan Stanley. The S&P 500 has recorded a modest 14% gain this year, prompting concerns among investors […]
Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023
Wells Fargo Investment Institute Raises US GDP Growth Forecast for 2023 In a significant update, the Wells Fargo Investment Institute (WFII) revised its projection for the US gross domestic product (GDP) growth in 2023. The previous forecast of 1.1% has now been lifted to an optimistic 2.2%. This adjustment reflects a positive outlook for the […]
EU Faces Dilemma as Import Ban on Ukrainian Grain Stirs Tensions with Eastern Member States
Russia’s Withdrawal from Grain Export Agreement Disrupts Ukrainian Trade Routes The withdrawal of Russia from a year-old agreement to export Ukrainian grain through Black Sea ports in July has significantly disrupted Ukraine’s trade routes. Since then, Ukraine has been forced to rely solely on alternative routes through the European Union (EU). The EU is now […]
The Decline of Foreign Direct Investment in China: Nervousness and Political Friction Cast Doubt on Future Investments
China’s FDI Trends Shake Global Markets Shanghai/Sydney — China, once a top destination for foreign direct investment (FDI), is experiencing a significant decline in capital inflows. This downward trend, which began in the second quarter of this year, is causing concern among investors and analysts, as it marks a departure from the country’s traditional role […]
