President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
"One gets the sense that he's (Trump) going to be a bit tougher with China " compared with Mexico and Canada, said Paul Gruenwald, chief economist at S&P Global Ratings. The G-20 meeting of the world's developed economies takes place in Buenos Aires from Nov. 30 to Dec. 1.
Trump criticized Mexico and Canada for months, claiming they took advantage of U.S. companies through trade, but the three countries reached a new trilateral deal at the end of September to replace the North American Free Trade Agreement.
The approach to China has been different. Trump has repeatedly attacked the country for stealing intellectual property, creating barriers to American companies that try to operate in China, and for the massive trade imbalance between the two countries.
Differences between the world's two biggest economies were on full display at the Asia-Pacific Economic Cooperation (APEC) summit over the weekend, resulting in the group's failure to agree on a joint communique for the first time in its history.
Gruenwald said he's not surprised there were no new developments between the U.S. and China at the APEC summit in Papua New Guinea. He called the G-20 "a better forum" to discuss such issues.
"I really think the big action's going to be in Argentina in a couple of weeks, so let's see what happens, " he told CNBC's "Squawk Box" on Monday, adding that "no one really knows" what will come out of the meeting.
In Buenos Aires, the two presidents are expected to meet each other with trade high on their agenda. Tensions between the two countries have dominated economic headlines this year, with both sides imposing tit-for-tat tariffs on each other's products.
The trade fight has resulted in the International Monetary Fund downgrading its global growth outlook for this year and next. American banking group Citi said some of its biggest clients have made plans to shift elements of their supply chains to circumvent those additional tariffs, because they expect negotiations between the U.S. and China to last more than a year.
Worries that U.S.-China tensions could impede growth have also rattled global markets. Hannah Anderson, global market strategist at J.P. Morgan Asset Management, advises investors to prepare for the rift between the two economic giants to drag on.
"I'm not particularly optimistic about a walk-back in trade tensions in the next six months," Anderson told CNBC's "Squawk Box" on Monday.
"If there is an agreement or if there are some positive headlines out of G-20, it's much more likely that it's an effort to cool tensions and a symbolic statement of intent, rather than actual substantive change in resolving the trade tensions between the two countries," she said.