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Stocks, commodities pare losses but growth worries cloud outlook
Asian equities slipped to the lowest in nearly two years on Tuesday, before trimming losses, as investors fretted about the toxic cocktail of rising interest rates and weaker economic growth. The global stock markets have been on
Boao Forum: Six factors affecting Asia's economic growth in 2022
The annual conference of the Boao Forum for Asia (BFA) on Wednesday released the Asian Economic Outlook and Integration Progress Annual Report 2022, listing six factors affecting Asia's economy this year. A number of factors are
Unilateral actions violate China-U.S. phase-one trade deal
Reuters recently quoted an official of a leading U.S. business group as saying that as "Chinese haven't met their commitment in phase one," Washington will consider a range of trade measures against China, including the resumption of "Section 301" investigation.
Will gold face heavy sell-off once geopolitical tensions ease?
Investors continue seeking safe-haven assets as gold climbed above $1,900 per ounce after Russian President Vladimir Putin on Monday signed two decrees recognizing the "Luhansk People's Republic (LPR)" and the "Donetsk People
U.S. expanding LNG exports to undermine Russian reliance
The U.S. Department of Energy (DOE) announced on Wednesday that it will expand exports of liquefied natural gas (LNG) to help alleviate reliance on Russian energy. The DOE issued long-term orders authorizing exports from two exis
OPEC officials meet with U.S. shale executives at energy conference
A driver returns a fuel nozzle to a gas pump at a Chevron gas station in San Francisco, California, U.S., on Monday, March 7, 2022. /CFP
Explainer: SWIFT, and the impact of cutting Russian banks out
The European Union, along with the United States and other Western allies, on Saturday decided to exclude selected Russian banks from the SWIFT system, the world's main international payments network, in the latest move to step up financial sanctions.
U.S. producer prices accelerate amid broadening inflation pressures
U.S. producer prices increased by the most in eight months in January amid a surge in the cost of hospital outpatient care and goods such as food and motor vehicles, another sign that high inflation could persist through much of this year.
SoftBank's sale of Arm to Nvidia collapses, source says
SoftBank Group's sale of Arm to U.S. chipmaker Nvidia has collapsed, a source familiar with the matter told Reuters on Monday, adding that Arm would plan for an IPO instead of the sale, which would have been worth as much as $80 billion.
WTO: China can slap duties on U.S. imports worth $645m
The World Trade Organization (WTO) authorized China on Wednesday to slap duties on U.S. imports worth $645 million annually as part of a long-running anti-dumping dispute with Washington.
PBOC to prioritize economic stabilization with more policy tools
China's central bank will roll out more policy tools accurately and make moves ahead of the market curve to help stabilize the economy under downturn pressure, officials from the central bank said at a press conference on Tuesday.
OPEC+ agrees to increase oil output
A key group of the world's major oil producers has agreed to increase output moderately next month. The Organization of the Petroleum Exporting Countries and their allies (OPEC+) decided on Tuesday to raise production in February
Outlook: Substantial gains in Treasury yield may be top risk for stocks market in 2022
Editor's note: Jimmy Zhu is chief strategist at Fullerton Research. The article reflects the author's opinion, and not necessarily the views of CGTN. Volatility in stocks may be expected to climb in the fi
World economy to top $100 trillion in 2022 for first time: report
The world's economic output will exceed $100 trillion for the first time next year, two years earlier than previously forecast, a report released by a British consultancy, the Center for Economics and Business Research (CEBR) showed, on Sunday.
Global stocks rise sharply with investors' renewed risk appetite; oil settles up
Wall Street closed significantly higher on Tuesday after a bruising session the prior day, with oil prices also gaining as investors sought riskier assets despite surging cases of the Omicron coronavirus variant around the world.
Extra money for UK's struggling hospitality sector as Christmas cancellations mount
UK Prime Minister Boris Johnson has ruled out any stronger pandemic restrictions before Christmas, but warned the situation remained extremely difficult and the government might need to act afterwards. Meanwhile, while the countr
Xi Jinping says China-Russia trade in 2021 expected to reach new high
Bilateral trade between China and Russia is expected to reach a new high for the full year, said Chinese President Xi Jinping during a virtual meeting with his Russian counterpart Vladimir Putin on Wednesday. The bilateral trade exceeded $100 billion in 2018 for the first time and has maintained momentum despite the COVID-19
UK inflation spikes to 10-year high of 5.1% on eve of BoE rate call
British inflation has rocketed to its highest level for more than 10 years on broad-based price gains, data showed Wednesday on the eve of a Bank of England (BoE) interest rate decision. The annual inflation rate surged to 5.1 p
A key inflation measure just hit its highest level on record
A key inflation gauge showed that U.S. prices continued to climb in November as pandemic-era supply chain chaos and a labor shortage continues. The producer price index, which tracks the average changes in selling prices that dom
Fed, ECB grapple with inflation and Omicron
Rising inflation and the spread of a new variant of the coronavirus will weigh on central banks' minds this week as they meet to decide how quickly to withdraw their pandemic-era stimulus. The U.S. Federal Reserve is scheduled to announce its latest interest-rate decision on Wednesday, followed by the European Central Bank (ECB) on Thursday. The arrival of the Omicron variant has raised concerns of new economic disruption, supply chain bottlenecks and even higher prices.
OPEC upbeat on 2022 oil demand, says Omicron impact to be mild
The Organization of the Petroleum Exporting Countries (OPEC) on Monday raised its world oil demand forecast for the first quarter of 2022 but left its full-year growth prediction steady, saying the Omicron coronavirus variant would have a mild impact as the world gets used to dealing with the pandemic.
Shipping rates flying high, again, on surging demand in Southeast Asia
With the recovery of production and consumption in Southeast Asia, marine shipping prices were pushed up again after a short cooling period last month.
Three takeaways from China's key conference for 2022 economic plan
China is planning to "actively expand" effective investment and boost consumption to prop up its economy against strong domestic and overseas headwinds, while considering to cut taxes to boost businesses and reforming the energy sector, economic officials and experts said on December 11. In a policy-briefing meeting held by Ch
China WTO membership boosts local appliance makers' overseas market share
Changhong, a major domestic home appliance producer in southwest China's Sichuan Province, said it has benefited from China's membership in the World Trade Organization (WTO), a system China joined 20 years ago to embrace trade and investment from
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