Investors should rule out nothing from the Federal Reserve in 2025 if the newly minted Trump administration uncorks fresh tariffs on China and the European Union. "I think rate hikes are possible. Anything is possible.
The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
Most Asian markets extended a global rally Wednesday as investors gave a cautious welcome to Donald Trump's first full day in office amid hopes he will take a more cautious approach on trade than initially feared.
The People’s Bank of China emphasized its goal to keep the yuan stable, as the currency hovers near a record low in offshore trading amid headwinds from a slowing economy.
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stock markets.
President Donald Trump began his second administration with a blitz of policy actions to reorient U.S. government priorities
President Donald Trump began his second administration with a blitz of policy actions to reorient U.S. government priorities
The central bank's pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city's financial hub status China's central bank chief Pan Gongsheng promised to park more of the country's US$3.
China’s commercial lenders held benchmark lending rates unchanged for the third consecutive month after Beijing eased monetary policy in October to boost slowing domestic demand.