President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
A Federal Reserve official said on Monday he expects to back an interest rate hike next month despite caution over the low-inflation "conundrum," since the U.S. central bank needs to prepare for any future economic shock.
Philadelphia Fed President Patrick Harker said he has "lightly penciled in" a December rate hike, suggesting he had slightly less conviction about the policy decision than he had last month. Inflation, he said, "continues to elicit caution" about its weakness and also about the way in which it is measured.
Price measures have drifted lower below the Fed's 2-percent target this year even while unemployment has fallen. The central bank has raised rates a notch twice in 2017 and expects to tighten again in mid-December, even while it continues to trim its nearly $4.5-trillion bond portfolio.
Harker, a centrist voter on the Fed's monetary policy committee this year under an internal rotation, said the Fed must carry on since the economy is "more or less at full strength" and there remains "very little slack" in the labor market.
"This is also about keeping our powder dry," for the possibility of another economic shock, he said in prepared remarks to a Global Interdependence Center conference in Tokyo.