News

Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
Reuters |
WASHINGTON (Reuters) - U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing.
Reuters |
TOKYO (Reuters) - Asian stocks skidded to a four-month low on Tuesday as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies that has rattled financial market
Reuters |
SINGAPORE (Reuters) - Oil prices dipped on Tuesday on expectations that producer cartel OPEC and key ally Russia will gradually increase output after withholding supplies since 2017.
Interest |
The USD was weaker heading into this morning’s FOMC announcement but has recovered after a more hawkish statement was delivered.
Federal Reserve Bank |
Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate.
Reuters |
The report serves as a stark warning to the world’s largest oil exporters, who meet next week in Vienna to discuss supply policy.
Theguardian |
Donald Trump has ordered the suspension of US military exercises with South Korea, in a surprise concession at an extraordinary summit with North Korean leader, Kim Jong-un.
Reuters |
Trump said the process of denuclearization would happen “very, very quickly”, adding he had formed a “special bond” with Kim and the relationship with North Korea would be very different.
Bloomberg |
President Donald Trump is about to see whether his bet on North Korea will pay off: that Kim Jong Un’s desire to end his country’s economic strangulation and pariah status will prevail over the dictator’s fear of relinquishing his nuclear threat.
Bloomberg |
The Federal Reserve is all but certain to raise its key rate by a quarter point this week, meaning it will then have a benchmark above that of five counterparts in the Asia-Pacific region excluding Japan.