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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Worsening Factory-Gate Deflation in China as Trade War Bites 05/11/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

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Economics

Japanese financial authorities to discuss global financial situation

Nikkei newspaper reports that representatives of the Japanese Ministry of Finance, the Bank of Japan, and the Financial Services Agency are coordinating the possibility of a meeting on Friday evening to share information on the state of the financial and capital markets. According to the newspaper,...

China pushes aluminum production to the highest since 2015

In comparison to the same time last year, China's aluminum production increased 7.5 percent in the first two months of this year, according to data released by the National Bureau of Statistics on Wednesday. The easing of quarantine restrictions boosted demand projections and helped the economy....

IEA expects record oil demand in 2023

According to the International Energy Agency's (IEA) monthly report, China and the aviation sector will be the primary drivers of the projected 2 million barrels per day increase in global oil demand in 2023, to a record 102 million. "Global oil consumption growth will accelerate sharply during...

FT: Chinese clients of Swiss banks alarmed over possible sanctions

Wealthy Chinese clients have revealed that they are extremely concerned about keeping money in Swiss banks due to the possibility of being placed on sanctions lists – primarily because of Switzerland's policy, which has reportedly renounced neutrality earlier, according to Financial Times sources....

The US Dollar's Decades-Long Dominance Is Being Undermined By India's Oil Buying From Russia

Sanctions imposed by the United States on Russia have begun to erode the dollar's decades-long hegemony over international oil trade, as most transactions with India, Russia's main seaborne crude export market, have been settled in other currencies. The dollar's dominance has been called...

The Dutch Will Join The US In Limiting Semiconductor Technology Exports To China

The Dutch government joined the American effort to limit chip exports to China on Wednesday by announcing new restrictions on semiconductor technology exports to safeguard national security. The announcement represented the Dutch government's first significant step toward adopting...

Bloomberg: U.S. to discuss one of largest defense budgets draft

The total U.S. military budget for the fiscal year that starts on October 1 will rise to $835 billion from the current $816 billion. This information was provided by a source who spoke to Bloomberg under the condition of anonymity because the budget has not yet been forwarded to Congress. The...

China Will Establish A New Financial Regulator As Part Of Sweeping Reforms

China will establish a new financial regulatory body to consolidate oversight, according to analysts, in order to close gaps with multiple agencies monitoring different aspects of its trillion-dollar financial services industry. According to a plan submitted to parliament on Tuesday, the...

US Fed's Powell Sets The Stage For Higher And Perhaps Quicker Rate Increases

The Federal Reserve will most likely have to increase interest rates more than anticipated in the face of current strong data, and it is prepared to take larger steps if the "totality" of incoming information indicates that tougher measures are required to control inflation, Fed Chair Jerome Powell...

JP Morgan: There is 15% chance of recession in USA in the first half of 2023

According to JP Morgan analysts, there is a 15% chance that the United States will experience a recession in the first half of 2023. In the first half of this year, the US recession risk dropped from 20% to 15%, according to JP Morgan. Out of four potential scenarios, it is currently the least...