Global News From All Around the World Blog

China’s industrial output in April grew more than expected 0

China’s industrial output in April grew more than expected

China’s industrial output grew 7.0 percent in April from a year earlier, much more than expected, but fixed-asset investment growth slowed to 7.0 percent in the first four months, below forecasts, official data showed...

Iraq could be ‘the next proxy battleground for the future of the Middle East,’ top oil analyst warns 0

Iraq could be ‘the next proxy battleground for the future of the Middle East,’ top oil analyst warns

How Iran might react to having a political critic, al-Sadr, calling the shots in Iraq remains to be seen, particularly at a time when Iran is looking more internationally isolated following the withdrawal of...

Turkey’s economy is entering a ‘slow burning crisis,’ analysts warn 0

Turkey’s economy is entering a ‘slow burning crisis,’ analysts warn

Turkey’s economy is overheating and if the government doesn’t act then the country is in trouble, according to several analysts. “The government has no intention of tackling imbalances or overheating,” Marcus Chenevix, global political...

Japan’s economy shrank for the first time in nine quarters 0

Japan’s economy shrank for the first time in nine quarters

Japan’s economy contracted more than expected at the start of this year, breaking the longest run of growth seen for decades, in a blow to Prime Minister Shinzo Abe’s reflationary ‘Abenomics’ polices. Wednesday’s data...

Jailed opposition icon seen as Malaysia’s future leader is released from custody 0

Jailed opposition icon seen as Malaysia’s future leader is released from custody

Mahathir’s swift and largely unexpected election victory has raised some skepticism as to whether he will hand the baton to a former foe such as Anwar. “Dr. Mahathir in the past has been pretty...

More pain could be in the works for the Indian rupee and Indonesian rupiah 0

More pain could be in the works for the Indian rupee and Indonesian rupiah

Emerging market currencies are likely to feel more pressure amid the move higher in U.S. bond yields, a top Deutsche Bank economist said on Wednesday. “In a rising global interest rate environment, those countries...

Japan is reportedly planning retaliatory tariffs against the US 0

Japan is reportedly planning retaliatory tariffs against the US

Japan is considering slapping tariffs on U.S. exports worth $409 million in retaliation against steel and aluminium import tariffs imposed by President Donald Trump, public broadcaster NHK said on Thursday. The government is preparing...

Hong Kong Monetary Authority intervenes as its dollar weakens 0

Hong Kong Monetary Authority intervenes as its dollar weakens

The Hong Kong Monetary Authority (HKMA) stepped into the currency market and bought another HK$4.710 billion ($600 million) in Hong Kong dollars on Wednesday U.S. time as the local currency hit the weaker end...

Trump ‘flip-flops’ so much over China and trade it’s hard to pick stocks, economist says 0

Trump ‘flip-flops’ so much over China and trade it’s hard to pick stocks, economist says

Freris’ comments come as the U.S. and China are set to start another round of trade talks on Thursday. The atmosphere could be a little frosty given a war of words and threats over...

Tough negotiations as US-China trade talks kick off, but there’s scope for compromise 0

Tough negotiations as US-China trade talks kick off, but there’s scope for compromise

One area where progress could be made in the bilateral talks was direction from the U.S. regarding the types of goods it could sell to China, Wei said. “The U.S. should help us learn...