The recent meeting between U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang highlighted the significance of having difficult conversations in maintaining stable relations between two economic giants. Yellen emphasized the need for open communication and mutual respect, acknowledging the differences that exist between the two countries. This approach, although commendable, raises questions about
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U.S. Treasury Secretary Janet Yellen’s recent comments on China’s excess manufacturing capacity have stirred controversy, with Chinese state media accusing her of perpetuating the “China threat” narrative. These remarks have been interpreted as a thinly veiled attempt to justify more protectionist policies on the part of the United States. The editorial from state news agency
Samsung Electronics has made a bold prediction regarding its first quarter operating profit, expecting a staggering 931% increase. The preliminary statement indicates that the operating profit for the January-March quarter is likely to reach 6.6 trillion Korean won, a massive surge from the previous year’s 0.64 trillion won. This forecast has exceeded the estimated 5.24
The stock market experienced a significant decline on Thursday, characterized by volatile trading patterns, primarily due to a surge in oil prices and concerns regarding potential changes in Federal Reserve interest rate policies. The Dow Jones Industrial Average plummeted by 530.16 points, representing a 1.35% decrease, closing at 38,596.98. This drastic drop marked the worst
Hungarian Prime Minister Viktor Orban, a close ally of former U.S. President Donald Trump and a staunch supporter of Russian President Vladimir Putin, is facing political turmoil ahead of the European parliamentary elections in June. Orban, who has been in power since 2010, is currently dealing with two major scandals that have shaken his ruling
In recent trading sessions, the Dow Jones Industrial Average saw a decline for the second consecutive day, marking a lackluster start to the quarter for Wall Street. This downward trend was influenced by an increase in bond yields, coupled with diminishing expectations of a June interest rate cut by the Federal Reserve. The 30-stock Dow
China’s factory activity in March revealed a positive trend, with the Caixin/S&P Global China manufacturing purchasing managers’ index reaching 51.1. This reading, the highest since February 2023, indicates a strong expansion in the manufacturing sector. Additionally, the official survey of manufacturing activity also exceeded market expectations, highlighting a robust performance in the world’s second-largest economy.
China’s manufacturing sector saw a glimmer of hope as the official factory survey for March revealed a welcome expansion after six months of contraction. The official purchasing managers’ index (PMI) rose to 50.8, indicating growth and surpassing expectations. This uptick in manufacturing activity is a positive sign for policymakers, as it reflects an improvement in
The recent incident involving three United Nations military observers and a Lebanese interpreter being wounded while patrolling the southern Lebanese border has raised concerns about the escalating violence in the region. The observers, who are part of the United Nations Truce Supervision Organization supporting the UN peacekeeping mission in southern Lebanon (UNIFIL), were targeted by
Thailand’s Prime Minister Srettha Thavisin has proposed the drafting of a bill to legalize casinos in the country. If this bill were to be passed by parliament, it could potentially lead to the creation of more jobs, increased state revenue, and the development of a mega entertainment project. This move is seen as a means