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CHINA’S EXPORT GROWTH QUICKENS AS GLOBAL VACCINATIONS, EASING LOCKDOWNS LIFT DEMAND

      China’s exports grew much faster than expected in June, as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays. But overall trade growth in the world’s second-biggest economy may slow in th...

2021-07-13 00:00:00

OIL SLIPS FOLLOWING TWO-DAY GAIN WITH DEMAND OUTLOOK IN FOCUS

  Oil dipped after a two-day gain as investors assessed the demand outlook amid a Covid-19 resurgence in many regions.   Futures in New York edged toward $74 a barrel after rising more than 2% on Friday. The rollout of vaccines and rebound in economic activity across major economies, pa...

2021-07-13 00:00:00

CHINA’S SLOWING V-SHAPED ECONOMIC RECOVERY SENDS GLOBAL WARNING

      China’s V-shaped economic rebound from the Covid-19 pandemic is slowing, sending a warning to the rest of world about how durable their own recoveries will prove to be. The changing outlook was underscored Friday when the People’s Bank of China cut the amount of...

2021-07-13 00:00:00

OPEC+ LOCKS IN TIGHT SUPPLY FOR AUGUST WITH STALEMATE UNRESOLVED

  One week after OPEC and its allies abandoned their meeting in acrimony, the window for an August oil-production increase is closing without any deal in sight. Regardless of the desire of other cartel members for a compromise, there’s little sign that Saudi Arabia and the United Arab E...

2021-07-13 00:00:00

CHINA CALLS ADDITIONS TO U.S. ECONOMIC BLACKLIST ‘UNREASONABLE SUPPRESSION’

China’s Ministry of Commerce said Sunday it “resolutely opposes” the addition of 23 Chinese entities to a U.S. economic blacklist over issues including alleged human rights abuses and military ties. In a statement citing a spokesperson, the Chinese commerce ministry said the inc...

2021-07-11 00:00:00

U.S.’S YELLEN SAYS TAX CHANGES FOR LARGE FIRMS MAY NOT BE READY UNTIL 2022

    U.S. Treasury Secretary Janet Yellen said on Sunday that a new mechanism to allow more countries to tax large, highly profitable multinational firms may not be ready for consideration by lawmakers until the spring of 2022. Yellen told a news conference after a G20 finance leaders me...

2021-07-11 00:00:00

ECB TO ANNOUNCE REVAMPED INFLATION TARGET, CLIMATE ROLE

  The European Central Bank will announce the outcome on Thursday of an 18-month strategy review, redefining a inflation target seen by some as confusing and laying down what role it can play in the fight against climate change. The central bank’s first strategic review since 2003 has b...

2021-07-11 00:00:00

IMF BOARD APPROVES FINAL EGYPT LOAN DISBURSAL

  The IMF executive board on Wednesday said it had approved Egypt’s request for a $1.7 billion loan, its final disbursement under a plan aiding its recovery from the Covid-19 crisis. “The Egyptian authorities have managed well the economic and social impact of the COVID-19 pandemi...

2021-06-28 00:00:00

PEAK CENTRAL BANK SUPPORT MARKS NEW PHASE FOR WORLD RECOVERY

  The pandemic recovery is in a new phase as multiple central banks start or plot the withdrawal of emergency stimulus, gradually shifting from peak support and opening up divergences in international policy making. The Federal Reserve’s crab walk toward the moment it reduces its aid ha...

2021-06-28 00:00:00

CHINA’S REGULATORS STRUGGLE TO SWAY COMPANIES ON CURRENCY RISK

China’s financial regulators are cajoling companies to protect themselves against currency risks as the central bank gradually loosens its reins on the yuan, but are struggling to convince local businesses to hedge. Senior regulators have used every public occasion to stress the importance of...

2021-06-22 00:00:00

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