The eight OPEC+ nations have once more chosen to hasten the elimination of previous voluntary limits on oil output of 2.2 million barrels per day (bpd) and to boost it by 411,000 bpd starting in June, according to two sources knowledgeable about the matter. The earlier plan anticipated an increase...

The index of pending home sales in the U.S. secondary market increased by 6.1% in March compared to the previous month, reaching 76.5 points, according to the National Association of Realtors (NAR). The rise in the index in March was the highest since December 2023. Analysts, whose collective...

China’s Foreign Ministry on Monday emphatically denied that any discussions are underway with the United States to resolve the escalating tariff dispute, directly contradicting repeated assertions by President Trump and senior administration officials. At the same time, an unexpected surge in the...

The Bank of Japan (BOJ) is poised to maintain its short-term policy rate at 0.5% at its April meeting, while signaling that escalating uncertainty from U.S. import duties threatens Japan’s fragile economic recovery and could delay further rate normalization.   Lede: Steady Rates Amid Tariff...

A surge in tariffs announced in April has triggered waves of economic anxiety across the United States, with households, businesses and investors increasingly drawing parallels to the 2008 financial crisis. Recent polls show economists placing nearly a 45 percent chance of recession within 12...

Chinese factories in some of the country’s largest export hubs are suspending production, furloughing workers and urgently pursuing alternative sales channels as sweeping U.S. tariffs take effect. Executives and industry analysts report that the sudden doubling of duties on hundreds of U.S.-bound...

Late last week, President Trump told TIME magazine—and reiterated to reporters departing the White House for Rome—that formal discussions with Chinese counterparts on tariff reductions were already in motion and that President Xi Jinping had personally reached out to him to advance talks. He...

Emerging-market economies across Asia, Latin America and beyond are confronting a sudden escalation of U.S. import duties, prompting a fundamental rethinking of their growth models and trade partnerships. In early April, the Trump administration announced hikes in reciprocal tariffs, pushing U.S....

As President Trump nears his 100th day in office, the initial optimism that greeted his bold economic agenda has given way to growing public unease. A combination of escalating tariffs, volatile markets and mixed signals from Washington has driven consumer sentiment to levels not seen since early...