BREAKING: China says it will cut import tariffs for goods including frozen pork, pharmaceuticals, paper products and some high-tech components starting from Jan. 1, according to a statement from the Ministry of Finance
Pakistan’s government under Nawaz Sharif’s party had the best performance in managing the economy over the past three decades compared with rivals, according to Bloomberg Economics
China's central bank injects 120 billion yuan ($18.6 billion) into the banking system after concern over a debt crisis at Evergrande roiled global markets
A Turkish football match in Riyadh was canceled after players weren't allowed to take the field wearing T-shirts with their country’s secular founding leader Ataturk’s photo
Taib Mahmud, the politician and tycoon who became known for enabling the destruction of Malaysia's rainforests in pursuit of economic development, has died at 87
JUST IN: Donald Trump has been privately testing the idea of replacing his chief of staff, Mick Mulvaney with Treasury Secretary Mnuchin or Kellyanne Conway
Improved security in El Salvador following the government’s crackdown on gangs could eventually boost investment as firms and consumers gain confidence, according to Moody’s
Senator Joe Manchin, a key moderate Democrat from West Virginia, says he’ll vote to begin the process of passing a stimulus bill using the budget process, though he opposes raising the U.S. minimum-wage to $15 as proposed in Biden’s $1.9 trillion plan
In a two-hour interview, Argentina's Javier Milei vowed to slash government spending, shutter the central bank, replace the beleaguered peso with the US dollar and restore credibility to the famously unstable economy
Polish central bank Governor Adam Glapinski was caught on camera telling a woman how best to take advantage of the country’s mortgage “holiday,” and suggesting that interest rates may rise only once more, if at all
It's not Kinshasa or Caracas yet. But Hong Kong is slipping further away from the stability that defines a global financial center,
@ClaraDFMarques
writes (via
@bopinion
)
The stakes are higher in Beijing, where the country’s business and political elite reside, and an aggressive lockdown risks undoing China’s economic re-opening and nascent moves to restart travel with other countries
BREAKING: The Trump administration plans to restrict the news media’s ability to prepare advance stories on market-moving economic data, in a move that could create a logjam in accessing figures such as the monthly jobs report
BREAKING: The Fed said it will continue to support the economy through massive monetary stimulus until it sees “substantial further progress” in employment and inflation
Elon Musk said he will lift restrictions imposed on some X accounts in Brazil, even if the move leads to the closing of the social media platform in the country
Indonesian President Joko Widodo says his nation won’t follow a purely open economic model that he blamed for undercutting Latin America’s growth prospects for decades
El Salvador intends to issue the world’s first sovereign Bitcoin bonds and build Bitcoin City, which will be free of income, property and capital gains taxes
Japan and China are racing to build a new type of ultra-fast, levitating train, seeking to demonstrate their mastery over a technology with big export potential
BREAKING: Jerome Powell says the Fed could begin tapering bond purchases this year, though it won’t be in a hurry to begin raising interest rates after that
BREAKING: The Fed left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic
BlackRock Vice Chairman Philipp Hildebrand tells
@flacqua
that central banks will have to live with higher inflation because the cost to the economy will be too great if they raise interest rates too much
BREAKING: The Fed has held rates near zero and sees zero rates through 2022.
It warned that the coronavirus pandemic still is a considerable risk to the economy
Senator Elizabeth Warren says about 2 million people will lose their jobs as a result of the Fed’s anticipated monetary tightening.
She asked Jerome Powell to explain why these people must lose their jobs as part of the effort to bring down inflation
Ghana orders gold-mining firms to sell 20% of the metal they refine to the nation’s central bank, as the government embarks on a plan to barter bullion for fuel
BREAKING: Fed officials held interest rates near zero but signaled they expect two increases by the end of 2023, pulling forward the date of liftoff as the economy recovers
Raphael Bostic, the first Black president in Federal Reserve history, says policymakers need to speak out against racism and take action to create more opportunities
The EU plans to remove Canada, Tunisia and Georgia from its list of countries whose residents can visit the bloc, while opening up to Singapore. The U.S. remains banned.
The IMF calls on Mexico to implement short-term fiscal and monetary support to “limit the damage from the pandemic” and secure a faster economic recovery
NEW: Around the world, people are quitting their jobs, opting out and questioning the relentless pursuit of wealth. It’s been brewing for a while.
Read The Big Take ⬇️
BREAKING: The Federal Reserve cuts interest rates 25 basis points and ends the reduction of its balance sheet now — two months early. It also signaled the potential for more cuts
Peru’s finance minister wants to retain the central bank president after the two men spoke, and said he’s been given room by the new government to implement his economic policies.
BREAKING: The Senate fails to advance Judy Shelton's nomination to the Federal Reserve Board, a blow to President Trump’s drive to reshape the U.S. central bank before he leaves office
Trump has lost the one remaining advantage he had with voters.
50% now say they trust Biden to do a better job managing the U.S. economy, according to a new poll
THREAD: The guardians of the world economy will come together this week to survey a global picture that’s been turned on its head in the space of a few months
The chaos in the Red Sea is starting to disrupt shipments of produce, from coffee to fruit, and threatening to halt a slowdown in global food inflation
A lesson from the Spanish flu: Don't end restrictions too soon. New research from Harvard's Robert Barro says shutdowns need to last about 12 weeks to save lives (via
@PeterCoy
)