The move in the US corporate junk bond market suggests that the country’s economy may be weakening, but it will not go into recession. Fed officials are pledging to continue aggressive moves against inflation even as the risk of a recession rises, at a time when many analysts believe markets are not paying enough attention […]
Tag: USA
The impressive job market… scares Wall
The resilience beyond expectations shown by the US labor market appears to be causing … trepidation on Wall Street as hopes that the Fed will take a more dovish approach to policy tightening fade, with indices all trading lower in the latest session of the week. In particular, the industrial index Dow Jones moves at […]
US: Non-farm payrolls rise by 528,000 in July, far exceeding expectations
Nonfarm payrolls up 528,000 vs. 250,000 expected. Unemployment rates fall to 3.5% against 3.6%. The dollar rises throughout the market after the data. Figures from the US July jobs report beat expectations, giving the dollar a boost. The nonfarm payrollswhich was expected to rise by 250,000, had an increase of 528,000. The unemployment rate it […]
USA: New jobs exceeded estimates, unemployment at a 50-year low
The U.S. economy hit the gas in July, adding more than half a million jobs, giving the Federal Reserve much-needed room to continue its aggressive rate hikes to rein in the highest inflation in 40 years. In particular, the US labor market added another 528,000 jobs, beating analysts’ estimates of 250,000 jobs last month in […]
US summons China’s ambassador to denounce escalating tensions against Taiwan
The White House summoned China’s ambassador to Washington Jin Gang to denounce the escalation of tensions against Taiwan and reiterate that the United States does not seek to provoke a crisis in the region, according to a report by the Washington Post. “Following China’s actions overnight, we summoned Ambassador Qin Gang to the White House […]
China sanctions Pelosi for visit to Taiwan
China has decided to impose sanctions on US House Speaker Nancy Pelosi and her immediate family in retaliation for her “vicious” and “provocative” actions, the Chinese Foreign Ministry announced today. “Despite China’s serious concerns and strong objection, Pelosi insisted on visiting Taiwan, strongly interfering in China’s internal affairs, undermining China’s national sovereignty and territorial integrity, […]
Taiwan More Trade Dependent on China than US – What the Numbers Say
Taiwan is more dependent on China for trade than the US, even as US House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit. Taiwan came under military and economic pressure from Beijing this week after the self-ruled island allowed a visit by Pelosi – the highest-ranking US official to […]
Lavrov: We are ready to discuss a prisoner exchange with the US that includes Greiner
Russian Foreign Minister Sergei Lavrov said today that Moscow is willing to discuss a prisoner exchange involving basketball player Brittney Greiner with Washington through a presidential-level communication channel. “We are ready to discuss this issue, but only within the (communication) channel agreed by Presidents (Vladimir) Putin and (Joe) Biden,” Lavrov said during a press conference […]
US: Declares public health emergency over monkeypox
Raising the health alert level for monkeypox, the US government declared a “public health emergency” on Thursday, Health Secretary Xavier Becerra said, in order to release additional funds and tools to fight the disease. The tally of cases in the United States now stands at 6,617, according to data from the Centers for Disease Control […]
N. Pelosi: The US ‘will not allow’ China to isolate Taiwan
The US “will not allow” China to isolate Taiwan, House Speaker Nancy Pelosi said in Tokyo today after a visit to the island that angered Beijing. Ms Pelosi, 82, who is making Japan – the last stop on her Asia tour – her first visit since 2015, traveled to Taiwan on Tuesday and Wednesday. Beijing […]
