Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
Azerbaijan's central bank adopted a floating rate for the manat currency on Monday, following similar steps by other ex-Soviet countries with economies hit by low oil prices.
"The central bank has decided to switch to floating manat rate from Dec 21. Based on that, the manat rate will be determined by demand and offer on the forex market," the central bank said in a statement.
The regulator set a manat rate of 1.55 per U.S. dollar on Dec 21, down 47.6 percent from Dec. 18.
The central bank added that the decision was taken because of increasing external shocks, to ensure the balance of payments, preserve foreign currency reserves and to maintain the competitiveness of the national economy.
Azerbaijan is one of several former Soviet republics that have been forced to devalue their currencies following a plunge in oil prices and Russia's rouble.
Oil and gas account for 95 percent of Azeri exports and 75 percent of government revenues, meaning the Caspian republic is particularly vulnerable to lower oil prices which have fallen more than 18 percent since the beginning of December.
Azerbaijan devalued the manat by 33.5 percent versus the dollar and 30 percent against the euro in February. It earlier abandoned the manat's dollar peg and adopted a dollar-euro basket to manage the exchange rate.