Hours after Israel launched an attack on Iran last Friday, Israeli Prime Minister Benjamin Netanyahu released a video message directly addressing the Iranian people. He said, “Israel’s fight is not against the Iranian people, but against the brutal Islamic regime that oppresses you and keeps you in poverty.” This is a brazen move – even […]
US President Donald Trump said that he intends to send letters to trade partners within the next one to two weeks, setting unilateral tariff rates, in order to reimpose higher tariffs on dozens of economies before the July 9 deadline. Trump told reporters at a performance at the John F. Kennedy Center for the Performing […]
The United States and China have reached an initial agreement on a plan to ease trade tensions, which could restore the flow of sensitive goods between the world’s two largest economies. Chinese and US negotiators in London said that the two sides have reached a framework agreement on how to implement the consensus reached in […]
The US Northern Command said Monday that the Trump administration will send about 700 active-duty Marines to reinforce the National Guard in response to protests in Los Angeles. California officials said the move would escalate the protests further, which they consider unjustified. California has asked a federal court to stop the Trump administration from “illegally” […]
Both sides accused each other of breaching the agreement reached in Geneva in May. At that time, the two sides agreed to at least temporarily lower tariffs that had climbed above 100%. China said on Saturday that it has approved some applications for rare earth exports, but did not specify which countries or industries were […]
After the United States lost its AAA credit rating from the last of the three major sovereign rating agencies, some of the safest assets in Asia offered investors higher yields than US Treasuries. Investors looking to shift from the US dollar to Asia can purchase securities issued by the Monetary Authority of Singapore, which uses […]
US President Donald Trump disclosed on Wednesday that Russian Prime Minister Vladimir Putin warned that he would retaliate against the recent shocking drone attack by Ukraine on Russian soil, which is the clearest signal so far that the US president’s peace efforts have stalled. Trump said that after the two had a phone conversation, he […]
As Republican fiscal hawks stepped up their criticism of the massive fiscal stimulus package, Donald Trump’s ally Elon Musk sharply criticized the tax bill signed by the president, calling it a “disgusting move” that undermines the budget. At a crucial moment when Trump was personally lobbying against the bill’s opponents, the public condemnation from this […]
Doubts about the appeal of US Treasuries have prompted investors to turn to higher-rated alternative bonds, boosting the prices of bonds in Australia and Singapore. Strategists and portfolio managers are rethinking whether US Treasuries offer sufficient returns, a rare challenge for the world’s largest bond market, especially after recent downgrades and concerns that proposed tax […]
Lori Logan, president of the Federal Reserve Bank of Dallas, said that it might take officials some time to know how the economy will respond to tariff and other policy changes, and thus to know how they should adjust interest rates. Logan outlined various risks facing the economic outlook in a speech at an event […]