ECONOMICS
Europe, which has imposed tariffs of up to 45 percent on Chinese electric vehicles, fears Beijing is rapidly shifting parts of its EV manufacturing supply chain to nearby Morocco in an effort to bypass those duties and gain easier access to the European market. EU Trade Commissioner Maroš Šefčovič has
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...
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...
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...
Brazil’s Bolsonaro Maintains Silence Following Lula’s Election Victory
SAO PAULO/BRASILIA — President Jair Bolsonaro had yet to concede defeat in Brazil's presidential election...
Trade Deficit for US Goods Widens as Home Sales and Imports Dwindle
WASHINGTON (Reuters) — The U.S. trade deficit in goods widened sharply in September, likely as a strong...
Nasdaq Wanes Amid Weak Big Tech Earnings
(Reuters) — The Nasdaq index fell on Wednesday, Oct. 26 as disappointing results and warnings from Microsoft...