The U.S. economy grew an annualized 2.8% in the second quarter in a sign of resilience despite high interest rates. 
Economy

U.S. economy grows at 2.8% annualized rate, topping forecast

GDP growth regains steam in 2nd quarter; inflation slows

25 July 2024
Japan led investment in the U.S. with $783 billion in mergers and acquisitions and greenfield purchases in 2023.
25 July 2024
JPMorgan Chase CEO Jamie Dimon recently said Donald Trump "was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China."
U.S. elections 2024

Trump considers JPMorgan CEO Jamie Dimon for U.S. Treasury

Republican presidential candidate says he won't try ousting Fed's Powell

17 July 2024
Indonesian and U.S. flags flying alongside in Jakarta. Indonesia is rich in nickel, copper and bauxite, and keen to promote itself as a production hub for batteries and electric vehicles.
International relations

U.S. approaches Indonesia to join Mineral Security Partnership

EU and 14 countries already collaborating on critical mineral supply chains

15 July 2024
Electric vehicles made by China's BYD await loading onto a vehicle carrier for export to Brazil, at the port of Lianyungang, China.
Trade war

China asks WTO to set up panel for U.S. EV subsidies dispute

Beijing objects to Inflation Reduction Act's barriers to its products

15 July 2024
Rishi Sunak has stepped down as British prime minister since the Group of Seven summit in Italy in June. U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida face elections later this year.
Comment

From U.S. to Japan, unpopular leaders cast shadow on global economy

Reform, not protectionism, is key as political headwinds mount

15 July 2024
The yen's latest gains came after data showed that U.S. producer prices increased moderately in June. (Photo by Mizuho Miyazaki)
Currencies

Yen hits 4-week high as intervention questions circulate

Move sparks speculation that Japanese officials propped up currency for 2nd day

13 July 2024
China accounted for 43% of Applied Materials' sales for the February-April period this year. 
Semiconductors

U.S. chip equipment makers rely on China for 40% of sales

Applied Materials, Lam Research ship legacy products not targeted by export curbs

13 July 2024
The forex move was likely triggered by options-related activity following the consumer price report.
Currencies

Dollar drops, yen surges as U.S. consumer prices fall in June

Japanese currency's gains spark speculation of possible forex intervention

12 July 2024
U.S. economic growth has also slowed in response to the Fed's rate hikes in 2022 and 2023.
Economy

U.S. consumer prices fall in June, delivering surprise hit to inflation

0.1% dip bolsters expectations that Federal Reserve will prepare for rate cuts

11 July 2024
Excess Chinese steel production has led to an surge in imports across several Latin American countries.
Trade

U.S. and Mexico clamp down on Chinese steel imports

Brazil and other Latin American countries raise trade barriers amid influx

11 July 2024
China's Haidilao has opened a new low-price hot pot chain. (Photo by Kohei Fujimura)
Inflation

Cheaper meals are back in China, Japan and U.S. -- for different reasons

McDonald's fights inflation fatigue with $5 deal while Chinese chain offers $1 breakfast

6 July 2024
Tesla's new Model 3 sedan is displayed next to a Model X SUV at the China International Fair for Trade in Services in Beijing last September.
Automobiles

Tesla shares rally as Q2 deliveries fall less than expected

Incentives help EV maker achieve increase from previous quarter

3 July 2024
The four companies were added to the U.S. Entity List for their connections to the training of China's military forces.
US-China tensions

U.S. adds four firms to trade restriction list for China military links

Washington adds total of six companies to Entity List, citing national security

3 July 2024
U.S. core inflation increased 2.6% year-on-year in May, the smallest advance since March 2021, after rising 2.8% in April.
Inflation

U.S. inflation cools in May; consumer spending rises moderately

Flat reading on prices boosts hope for Fed interest rate cuts this year

28 June 2024
From left, Japanese Economy, Trade and Industry Minister Ken Saito, U.S. Commerce Secretary Gina Raimondo, and South Korean Trade, Industry and Energy Minister Ahn Duk-geun in Washington on June 26. (Photo by Shunsuke Ushigome)
International relations

U.S. and Japan face disconnect over further China chip controls

Trilateral with South Korea produces agreement on supply chain cooperation

28 June 2024
Shipping containers wait for processing in Long Beach, California.
U.S. elections 2024

Biden-Trump debate: Where they stand on the economy and trade

Neither candidate shows willingness to sign new free trade deals

22 June 2024
An Air China plane at Beijing's international airport. China is seeing record outflows of rich citizens, research shows, potentially adding to the strain on the economy.
Wealth Management

China to see biggest millionaire exodus in 2024 as many head to U.S.

'Perfect storm' of tensions and uncertainty spurs record global wealth shift, report shows

18 June 2024
The Japanese flag waves at the Bank of Japan building in Tokyo.
Interview

Japan market interventions will not work forever: Kenneth Rogoff

Harvard economist sees need for BOJ to raise interest rates to 1% to 2%

12 June 2024
A general photo of street in New Delhi. India is set to remain the world's fastest growing large economy. (Photo by Suzu Takahashi)
Economy

India to remain fastest growing big economy in 2024, World Bank says

Global expansion to hold steady at 2.6%; U.S. presidential election a risk for Asia

11 June 2024
Demand for multiunit housing continues to flag in the U.S., but the supply of condos under construction has yet to peak in the Sun Belt.
Datawatch

Fears mount of a crash in the U.S. condo market

Multifamily housing prices drop 20% even as property loans soar

8 June 2024
Sister Isabel cares for migrant children seeking U.S. asylum in Piedras Negras, a Mexican city across the border from Texas. (Photo by Kenji Asada)
Immigration

Migration crisis: Record 24m flee authoritarian regimes

China among world's top sources of asylum seekers

8 June 2024
Attempts to hold China back in the production of "legacy" chips face long odds.
Opinion

China 'legacy' chip fears best addressed with targeted measures

Focus on EVs and other areas of concern more workable than broad import ban

7 June 2024
Ministers from IPEF member countries gather for a photo session at their meeting in Singapore on June 6. (Photo by Ng Chun Kiat)
International relations

Singapore, India, others pitch 'clean' projects in U.S.-led framework

Washington keen to back green shift in IPEF member countries to counter Beijing

6 June 2024
Bangladeshi Prime Minister Sheikh Hasina speaks to journalists on Jan. 8 after winning her fourth term in power. The elections were marred by violence and arrests of opposition leaders.
International relations

Renewed U.S. outreach to Bangladesh signals strategic shift in region

U.S. diplomat Lu prioritizes economic partnership to counter China's influence

28 May 2024