A weakening yuan is testing Beijing's resolve as Trump's return fuels tariff worries
The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with stimulus measures.
China keeps benchmark lending rates unchanged as it contends with a weakening yuan
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
Federal Reserve holds interest rates steady as inflation remains above 2%
Trump slams Fed after decision to hold interest rates steady
The Fed holds interest rates steady in its first decision of the year
InvestmentNews9d
Metals fall amid tariffs warning for Canada, Mexico
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
Free Malaysia Today13d
Asian traders give mixed reaction as China’s economic growth slows
The 5% expansion is in line with the target set by Beijing, but it is the weakest since 1990, excluding the pandemic years.
NBC Chicago10d
A weakening yuan is testing Beijing's resolve as Trump's return fuels tariff worries
In contrast, policymakers at the U.S. Federal Reserve are now anticipating fewer ... while cautioning that Beijing's stimulus measures were "insufficient" to do more than stabilize the economy ...
Dollar slides
USD: The Dollar Index peaked on January 13 near 110.25. It tested the month's low near 107.75 on Wednesday. It bounced to 108.50 yesterday before being sold after President Trump's comments at Davos where no new ground was broken,
Hong Kong central bank keeps base rate unchanged as Fed holds steady
The Hong Kong Monetary Authority left its base rate unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady.
Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
Channels TV1d
US Stocks Bounce After AI Rout, Nasdaq Closes Higher
On Monday, US chipmaker Nvidia led a rout in tech stocks after the emergence of a low-cost Chinese generative AI model. Nvidia, whose semiconductors power the AI industry, saw its shares drop nearly 17 percent, erasing almost $600 billion of its market value.
Morning Bid: Tech Nerves Settle Just in Time for Mag 7 Earnings
Japan's Nikkei was up about half a percent at the midday break, on track to snap a three-day losing run. Australia's stock benchmark gained 0.9%, with additional momentum from a mild inflation print that boosted the odds for a rate cut when the Reserve Bank meets next month.
Trump's digital dollar ban gives China and Europe's CBDCs free rein
Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters.