Economy

6 September 2024
August payrolls have a tendency to come in weaker relative to the consensus estimate before being revised higher later.
U.S. companies cite American domestic policies as one of the major factors disrupting business relations with China.
US-China tensions

Washington's trade rules cited as top worry for U.S. businesses in China

Companies report harsher American regulatory scrutiny, supply chain disruptions

6 September 2024
China on Sept. 3 announced it planned to start an anti-dumping investigation into canola imports from Canada, a week after Ottawa imposed a 100% tariff on Chinese EVs and a 25% tariff on its imported steel and aluminum.
Trade war

China requests consultations with Canada at WTO over tariffs

Canadian duties on EVs, steel, aluminum goods met with Beijing's probe into canola imports

6 September 2024
Former President Donald Trump speaks at the Economic Club of New York on Sept. 5.
U.S. elections 2024

Trump vows to create government efficiency commission led by Elon Musk

Former president also doubles down on China trade war in economic policy speech

6 September 2024
Japan's Nippon Steel has proposed acquiring U.S. Steel, but the deal faces stiff opposition in America. (Photos by Nanami Sato and AP)
Business deals

Nippon Steel promises most of U.S. Steel board will be American

Governance policy comes amid resistance to deal from presidential candidates

4 September 2024
U.S. Vice President Kamala Harris attends a campaign event focused on Asian American, Native Hawaiian and Pacific Islander communities on July 9 in Nevada, one of seven key states that could decide the outcome of November's presidential election.
Asia Insight

Once neglected, Asian Americans now courted in knife-edge election

Tiny margins in battleground states spotlight voters like Wisconsin's Hmong community

3 September 2024
Canola fields surround an oil pump jack before harvesting in rural Alberta, in western Canada, in July 2019.
Trade war

China to start anti-dumping probe into Canada canola imports

Beijing says it will use WTO mechanism following Ottawa's 100% EV tariff

3 September 2024
A hydrogen filling station in Berlin. The EU will launch its next round of funding for green hydrogen projects this month.
Energy

EU to tighten hydrogen subsidy rules after China concerns

Planned criteria may include requirements for work to be done in Europe

3 September 2024
Central bank moves to aid stock prices risk sowing the seeds of future market instability.
Comment

Crashes hold lesson for central banks: keep markets at arm's length

From Fed's Greenspan to BOJ's Ueda, investor-friendly moves often take a toll

2 September 2024
Marriage of convenience? Canada's Alimentation Couche-Tard has made an ambitious, preliminary takeover approach for the Japanese company that owns 7-Eleven. (Photos by Reuters and Yuji Murakami)
Business Spotlight

With 7-Eleven on buyout menu, Japanese owner Seven & i reaches crossroads

Couche-Tard targets food business, U.S. market; regulatory, antitrust issues weigh

30 August 2024
Kamala Harris is the first Indian American and Black woman to be nominated for the U.S. presidency by a major political party.
U.S. elections 2024

Kamala Harris faces challenges in attracting Indian American support

Longtime Democratic voting bloc attracted by Republican tax cuts, small business support

29 August 2024
Bottles of drink are displayed at Remy Cointreau's Paris headquarters. France accounted for 99% of China's brandy imports in 2023.
Trade

China will not impose anti-dumping measures on EU brandy, for now

European producers remain concerned tariffs could still come in future

29 August 2024
Canadian Prime Minister Justin Trudeau's government has imposed a 100% tariff on Chinese electric vehicles, matching U.S. duties, and Trudeau said Canada also would impose a 25% tariff on Chinese steel and aluminum.
Trade war

China accuses Canada of protectionism over 100% tariffs on electric vehicles

Commerce Ministry says Beijing will take any measures needed to defend Chinese companies

27 August 2024
Canadian Prime Minister Justin Trudeau.
Automobiles

Canada to impose 100% tariff on Chinese EVs, following U.S. lead

Trudeau says Beijing 'is not playing by same rules'; China calls move 'protectionist'

27 August 2024
An aerial view shows trees and houses in the aftermath of floods, in Phrae Province, Thailand, Aug. 24. (Thailand's Department of Royal Rainmaking and Agricultural Aviation/Handout via Reuters)
Natural disasters

Mudslide in Thailand's Phuket kills 9 migrant workers from Myanmar

Disaster near tourist destination Big Buddha also kills 2 Russians and 2 Thais

25 August 2024
"It is definitely time that we begin a process, a methodical process, of bringing rates down," Harker said. (Photo by Yuta Saito)
Interview

Fed's Harker sees possible '2 to 3' rate cuts ahead this year

Philadelphia bank chief open to faster pace of easing than in June outlook based on current data

24 August 2024
Fed Chair Jerome Powell is speaking at the Jackson Lake Lodge in Wyoming's Grand Teton National Park to a gathering of global central bankers and economists.
Economy

Fed's Powell says 'time has come' for U.S. to cut interest rates

Jackson Hole remarks as close as he is likely to come to declaring victory over inflation

24 August 2024
Demand for machine tools has been strong in China and North America, but has sputtered in Europe and Japan. (Photo by Takuro Hosoda)
Business trends

Japan machine tool orders rise in July on Chinese demand

Exports buoyed by Beijing's subsidies, offsetting weak home market

23 August 2024
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, in June 2023. Figures from the Middle East suggest Shanghai Petrochem now sources 10% of its crude from Russia.
Commodities

Shanghai Petrochem reveals more Russia oil buying as Li Qiang visits

Executive stresses 'price' is key; Chinese premier cements economic ties with Putin

22 August 2024
A Russian-owned oil tanker. An Indian refiner says the country's "requirement for Russian oil is going to go up as long as there are no further tightening of sanctions."
Trade

India surpasses China to become Russia's top oil buyer in July

Russian crude makes up a record 44% of India's overall imports

22 August 2024
Xi Jinping is determined not to be caught off guard by the policies of whoever wins the U.S. presidential election in November, Democrat Kamala Harris or Republican Donald Trump. (Nikkei montage/Source photos by Yusuke Hinata and Getty Images)
China up close

Analysis: U.S. election could dictate Xi Jinping's political schedule

Bitter lesson from 2016 Clinton-Trump race reverberates through Beijing

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
BYD cars are unloaded at a port in Germany: Chinese EVs will be subject to additional tariffs, on top of an existing 10% duty, once an anti-subsidy investigation is finalized on Oct. 30. 
Trade war

China probes dairy imports following EU's EV probe update

Tariffs on Chinese brands slightly adjusted in Europe's latest decision

21 August 2024
Tesla Model 3 vehicles at its factory in Shanghai, China.
Electric vehicles

EU slashes planned tariff on Tesla's China-made EVs to 9%

New reduced rate is set lower than the 20.8% it had indicated in July

20 August 2024
Attendees at the latest Financial Working Group pose for a photo in Shanghai. (People's Bank of China)
Economy

U.S., China agree to work more closely in times of financial stress

The fifth Financial Working Group meeting concluded as trade tensions rise

20 August 2024