China’s latest economic data highlights a glut of excess capacity and a flood of cheap exports,which is generating a growing backlash from a number of its trading partners.
A risky push to unfreeze piles of Russian assets could have major unintended consequences.
US financial regulators will now be able to designate big non-bank institutions like hedge funds,insurers and asset managers as systemically important,or too big to fail.
The US is going to put trillions worth of new debt up for sale before the end of the year as it tries to rebuild its cash reserves. There is an issue,however.
The historic credit rating downgrade shines a light on how America’s bitterly divided,dysfunctional politics is playing a key role in its deteriorating financial position.
US Treasury Secretary Janet Yellen had to tread carefully on her four-day visit to Beijing.
The Australian sharemarket took a sharp dive after a hotter-than-expected US jobs report suggested interest rates in the US could head higher.
US government officials have downplayed expectations for major breakthroughs on the treasury secretary’s four-day trip,which begins when she arrives in Beijing on Thursday.
China dominates the production of many critical raw materials for advanced technologies,and is willing to weaponise that.
Increased friction between the US and China has created a dilemma for some of the world’s biggest companies.
The OECD head says while it is “entirely sensible” to de-risk supply lines from being dependent on China,total decoupling by the West would leave the world poorer.