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ECONOMICS

Japan Reverses Course, Increases Interest Rates for First Time in 17 Years

Unlike most major economies, Japan has spent much of the 21st century adhering to a doctrine of extremely low interest rates — so low that since 2016, they were actually
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Argentinian Austerity Measures Show Mixed Results as Inflation Remains High

Many Argentinians are struggling to make ends meet as the South American country's currency continues to lose value despite the spending reforms of newly elected libertarian President Javier Milei. Milei
China Sets Ambitious Growth Target of 5% in Desperate Bid to Salvage Economy
$3.8-Billion JetBlue-Spirit Merger Blocked Over Antitrust Concerns
Massive Data Breach Unveils Espionage, Cyber Vulnerabilities Within China’s Security Systems
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Chinese Companies Retreat From IPO Plans Amid Increased Regulatory Scrutiny, Economic Uncertainty
Where Do Unemployed Chinese Go? The Answer Is in the Library
Deeper Into Deflation: China’s January Economic Data Shows Worsening ‘Balance Sheet Recession’
New Zealand to Deliver Record-High Interest Hike Amid Persisting Inflation
WELLINGTON, New Zealand — New Zealand's central bank said on Tuesday, Nov. 22 that it expects to deliver...
COVID Cases Spike as China Loosens Stringent Regulations in Bid to Salvage Economy
After nearly two years of unrelenting “zero-COVID” pandemic measures that saw millions of people confined...
Trade Gap Persists in Japan as Weak Yen Squeezes Purchasing Power
TOKYO — Japan's imports surged by more than half in October from a year earlier, dwarfing exports and...
Is China Losing Its Hold on the World’s Rare Earths Market?
For years, China has dominated the global market for rare earth metals. These vital materials are used...
Argentina Strikes $5 Billion Deal With China to Expand Currency Swap
BUENOS AIRES — Argentina has agreed to expand its currency swap deal with China by $5 billion — the Latin...
Brazil’s Central Bank Chief Says Fiscal Prudence Crucial Amid Political Protests and Inflation
BRASILIA, BRAZIL — Brazil's central bank chief Roberto Campos Neto emphatically defended the need for...
Oil Prices Fall 2.5% Amid ‘Zero-COVID’ Worries and Unstable Supply Chains
NEW YORK — Oil prices sank by more than $2 a barrel on Wednesday, Nov. 9 after industry data showed that...
A staff wearing a face shield sells fish at Japan's supermarket group Aeon's shopping mall as the mall reopens amid the coronavirus disease (COVID-19) outbreak in Chiba, Japan May 28, 2020. (Image: Screenshot / REUTERS)
Japan Household Spending Extends Growth in September on Economic Reopening
By Kantaro Komiya TOKYO - Japanese households ramped up spending in September from a year earlier...
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Chinese Economic ‘Pivot’ Could Seek to Take Advantage of High US Interest Rates: Reuters
By Jamie McGeever What the Fed taketh away, China could be about to giveth back. Speculation is...