Economy

The Chinese description of the meeting suggested that those policies, and others meant to redirect American supply chains away from China, “completely violate the principles of market economy and undermine the rules of international trade.”The American description said Mr. Xi and Mr. Biden had agreed to empower senior leaders to negotiate on…

China’s markets saw their biggest single-day drop since 2008 on Tuesday as markets reopened after the Golden Week holidays, setting off a ripple effect throughout Europe. Meanwhile, U.S. markets were nearing their September records as tech stocks saw major gains.S&P 500 Futures: 5,805.75 ⬆️ up 1.04%S&P 500: 5,751.13 ⬆️ up 0.97%Nasdaq…

Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022.Future Publishing | Future Publishing | Getty ImagesBEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday.The…

By Alden BentleyNEW YORK (Reuters) - A look at the day ahead in Asian markets.Wall Street got back on track Tuesday, encouraged that the Fed seems confident enough in the U.S. growth picture to ease up on the easing, but investors have been reticent ahead of the release of minutes from the September FOMC where officials took the most dovish…

Billionaire investor Ray Dalio thinks it's still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. The founder of Bridgewater Associates, one of the world's largest hedge funds, said investors should take a nuanced and cautious approach to investing in the developing region as it…

Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix that with…

A leisurely stroll through Antwerp’s diamond district takes only five minutes. Yet through just one sq km in a drab quarter of Belgium’s second city pass 86% of the world’s rough diamonds. Into Antwerp’s nondescript concrete offices arrive billion-year-old gemstones from the faraway depths of mines in Botswana, Canada, South Africa, Angola – and…

The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. Greg Baker | Afp | Getty ImagesZheng Shanjie, chairman of China's National Development and Reform Commission, on Tuesday pledged a raft of actions to bolster the country's economy during a highly-anticipated press conference.But he stopped short…

Investing.com -- The strong September jobs report caught many by surprise, putting the brakes on bets for another jumbo Federal Reserve rate cut, but Citi believes this strength was an outlier as labor demand remains a worry. "etails of September data leave us skeptical that this will be the case," Citi analysts said in a Monday note, expecting…

Investing.com -- n a note Monday, UBS analysts cautioned that the U.S. economy may continue running hotter than expected, raising concerns about overheating. The strong September jobs report, with 254,000 payroll gains—well above expectations—and revisions that added 72,000 jobs for the prior two months, suggests the economy is performing better…