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China's producer price inflation cooled for the third straight month in September from 4.1 percent in August — an indication of slowing economic momentum amid escalating trade tensions with the U.S.
Investors and economists for months have clung to the hope that rational self-interest would ultimately bring a negotiated end to the United States-China trade war, perhaps even ahead of the U.S. mid-term congressional elections next month.
Oil prices could surge to all-time highs if the U.S. imposes economic sanctions against Saudi Arabia, according to an opinion piece written by the general manager of Saudi Arabia-based Al Arabiya television.
If global supply chains are forced to adjust due to the trade tensions between the U.S. and China, it may cost the world economy about 1 percent of GDP by 2019, Tao Zhang, deputy managing director at the International Monetary Fund, told CNBC.
Markets across the globe saw a massive sell-off last week, with the major indexes on Wall Street seeing their worst weekly declines since March.
Fiscal austerity in a slowing Italian economy — beset by high unemployment, rising poverty and crumbling infrastructure — would be sheer lunacy, Michael Ivanovitch writes.
With Saudi Arabia denying a role in the sudden disappearance of a prominent journalist, the chances are growing that the crisis could escalate, and ricochet across the global economy.
"We still have plenty of monetary instruments in terms of interest rate policy, in terms of required reserve ratio. We have plenty of room for adjustment, in case we need it," said Yi Gang, the governor of the People's Bank of China.
Though he may still achieve that, his success in doing so now rests heavily on how quickly, decisively and transparently he can manage the current crisis and learn from his mistakes.
European Central Bank President Mario Draghi is sending a warning to Rome ahead of its formal budget submission: Don't expect the ECB to save the day.
Countries like Singapore and South Korea grew by running current account deficits at an early stage of development, but such deficits are considered 'a sin' today, says Singaporean Deputy Prime Minister Tharman Shanmugaratnam.
Much of the trade impact on China's growth is expected to be offset by the government's policies to stimulate the economy, noted Changyong Rhee, director of the Asia and Pacific Department at the International Monetary Fund.
Despite headwinds, Africa is well on the way to becoming more resilient with infrastructure projects and sound government policies in place, Samaila Zubairu, the president and CEO of Africa Finance Corporation told CNBC.
The sell-off in the yuan is in some ways a reversal of the strength in the Chinese currency since 2016, Tim Adams, president and CEO of The Institute of International Finance, told CNBC.
China recorded a record trade surplus of $34.13 billion with the U.S. in September amid intense trade tensions between the world's two largest economies.
As global markets plummeted on Thursday, UBS chief economist Paul Donovan told CNBC there would be minimal economic fallout.
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