Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
President Donald Trump unveiled a list Tuesday of Chinese imports his administration aims to target as part of a crackdown on what the president deems unfair trade practices.
Sectors covered by the proposed tariffs include products used for robotics, information technology, communication technology and aerospace.
The U.S. Trade Representative, which announced the list, says it targets products that benefit China's industrial plans "while minimizing the impact on the U.S. economy." Specifically, it takes aim at China policies that "coerce" American companies from transferring technology and intellectual property to local Chinese companies.
The public will be able to comment on the proposal.
The announcement could further escalate friction between the United States and its largest trading partner. Worries about a possible trade war have weighed on the U.S. stock market, which fell more than 2 percent on Monday but regained about half that on Tuesday.
On Monday local time, new Chinese tariffs on food and other products from the U.S. began, as retaliation against Trump's tariffs on steel and aluminum imports. China's new taxes will hit products such as pork and certain fruit and nuts coming from the U.S.
The Trump administration alleges that China has improperly taken U.S. intellectual property. The U.S. could levy tariffs on $50 billion to $60 billion of Chinese imports annually. On Tuesday, the announcement said the total value of imports subject to the tariff increase is equal to "the harm caused by China's unreasonable technology transfer policies."
Some opponents of Trump's planned tariff action, announced last month, argued it could raise prices on consumer goods.