The outlook for U.S.China trade relations is likely to remain challenged after this weeks highlevel diplomatic talks showed that President Joe Bidens team does not plan to wholly abandon the Trump administrations tough tone in discussions with Beijing. Though Washington and Beijing struck a ceasefire in their titfortat trade feud with last years phase one […]

TOKYO, March 19 Reuters The Bank of Japan on Friday widened the band at which it allows longterm interest rates to move around its target, as part of a raft of measures to make its ultraeasy policy more sustainable amid a prolonged battle to fire up inflation. As widely expected, the BOJ kept intact its […]

China is diversifying its supply of critical natural resources a move that will shore up Beijings ability to weaponize trade against its geopolitical rivals, according to a newly published report by risk consultancy Verisk Maplecroft. If China has a soft underbelly, it is its high dependency on foreign natural resources, read the report released on […]

Federal Reserve policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades, with unemployment falling and inflation rising, as the COVID19 vaccination campaign gathers pace and a 1.9 trillion relief package washes through to households. But investors who expect rosier projections to translate to […]

The Bank of Japan will likely insert clearer guidance in its policy statement on what it sees as an acceptable level of fluctuation in longterm interest rates, sources said, in an effort to show it wont tolerate rises that hurt the economy. The move would be part of the BOJs review of its policy tools […]

Russia and China are making plans to further their geopolitical relationship, this time in space with the building of a new lunar station. The countries space agencies, Russias Roscosmos and Chinas National Space Administration, signed Tuesday a memorandum of understanding on behalf of their respective governments signaling their commitment to create a new lunar space […]

President Joe Bidens team will use all available tools to fight Chinas unfair trade practices, according to a report outlining the new U.S. administrations trade agenda. The document released on Monday did not specify the tools that the administration will use, but it formalized statements made by Biden and members of his team in the […]

A group of some of the worlds most powerful oil producers will hold a crucial meeting on Thursday to discuss reversing some of the output cuts it made last year. OPEC and its nonOPEC partners, an energy alliance sometimes referred to as OPEC , will convene via videoconference in a bid to reach consensus over […]

FRANKFURT Reuters The worlds biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be proved wrong. After a decade of underestimating inflation, central bankers in the United States, Europe and Japan have every reason keep money taps open […]

Russias central bank held its key interest rate at a record low of 4.25 on Friday following a recent jump in inflation, a move that suggests further monetary policy easing could be off the table due to higher inflation. The decision, to keep the rate at a level unchanged since July 2020, was in line […]