Us economy
US Congress approves $900 billion stimulus package
The deal will spare millions of jobless workers who were days away from seeing their unemployment benefits expire, and provide a new round of cash payouts.
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Blowout US GDP report offers boon to Trump amid pandemic
Facing a tough battle to hold on to the White House in the 3 November election, Trump seized on the data from the Commerce Department as proof the recovery he promised from the COVID-19 pandemic is under way.
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EXPLAINER: When the US sneezes, the world gets a cold. So what about COVID-19?
The country’s troubled response to the coronavirus pandemic emerges as a chief risk to any sustained global recovery.
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Virus shutdowns erode US inflation in March
The US Congress responded by passing a massive $2.2 trillion aid package that gives cash directly to Americans, while the Federal Reserve has announced trillions of dollars in new lending programs to boost liquidity.
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Trump's first term: hits and misses
GDP grew 3.1% in the first quarter of 2019 and the last recession was a decade ago. Unemployment is at a 50-year low of 3.6%.
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US recession odds jump as Trump trade wars bite: survey
The panelists put the odds at 60% for a US recession before the end of 2020, nearly double the 35% forecast in the survey three months ago.
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Asian markets sink as Trump further stokes trade war fears
The announcement comes as trade tensions between the economic superpowers are rising after the US hiked tariffs on $200 billion of Chinese goods last week, to which Beijing retaliated.
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US economy grew 2.9% in 2018, highest in 13 years
The world's largest economy was slowing toward the end of 2018, suggesting the boom had begun to fade, according to the Commerce Department report.
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10 predictions for the global economy in 2019
One major risk in the coming year is the sharp drop-off in world trade growth, which fell from over 5% at the beginning of 2018 to nearly zero at the end.
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Markets stagger towards end of worst year since financial crisis
London and Paris wobbled in holiday-shortened trade on New Year's Eve - but nursed dizzying double-digit annual falls after an exceptionally volatile 2018.
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Global growth outlook for 2019 dims for first time: Reuters polls
At the start of 2018, optimism about a robust global economic outlook was almost unanimous among respondents.
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US blocks pork from Poland over African swine fever
African swine fever has spread rapidly in eastern Europe and China, the world’s largest pork producer, where new cases are appearing and the disease is traveling far distances.
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US mortgage industry faces job losses as refinancing dries up
Call-center employees who handle customer refinance requests are the most vulnerable as rates have started to climb, analysts said.
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These are the world’s most competitive economies
The US topped the rankings, being ‘closest to the competitiveness frontier’, with Singapore, Germany, Switzerland and Japan, completing the top five.
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Emerging stocks hit 17-month lows after Wall St sell-off
Equities in China, whose economic and trade prospects have been at the heart of worries this year over the outlook for global growth, sank to near-four year lows.
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We're underestimating China's economic power. Here's why
The Chinese equity stock market — as represented by Shanghai stock market — actually peaked in 2015.
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US invites China to trade talks as tariffs loom: White House adviser
Larry Kudlow told Fox Business Network that US Treasury Secretary Steven Mnuchin had sent an invitation to senior Chinese officials, but he declined to provide further details.
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Trump demands Fed help on economy, complains about interest rate rises
In the middle of international trade disputes, Trump in an interview with Reuters also accused China and Europe of manipulating their respective currencies.
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Trade war puts new strains on America Inc's factories in China
Manufacturers have been feeling the squeeze as China shifts its priorities from lower-end manufacturing to high technology industries as part of a broader bid to upgrade its economy.
