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 […]

Bank of Japan policymakers discussed the merits of allowing longterm yields to move more flexibly around the banks target, a summary of opinions at their January meeting showed, a sign the idea will be a key element of its policy review in March. As the coronavirus pandemic forces it to maintain a massive stimulus programme […]

SYDNEY, Feb 2 Reuters Australias central bank held rates at nearzero in a widely expected decision on Tuesday and said it would expand its bond buying programme by A100 billion 76.4 billionfrom midApril to help support jobs and boost inflation. At its first policy meeting of the year, the Reserve Bank of Australia RBA left […]

SYDNEY, Feb 3 Reuters Australias top central banker pledged on Wednesday to keep interest rates near zero until there were enough jobs in the economy to push wages growth and inflation higher, a goal that has eluded the country for more than a decade. Reserve Bank of Australia RBA Governor Philip Lowe reckons it will […]