U.S. Federal Reserve Chair Jerome Powell indicated the central bank will ease up on tightening Wednesday, leading to a rally on Wall Street.
Economy

Global central bank balance sheets remain at 80% of the peak

Fed hints at slowing asset tapering as stock markets hit record highs

22 March 2024
U.S. presidential candidate Donald Trump's planned tariffs on Chinese imports would stretch the spirit, if not the letter, of World Trade Organization rules.
Opinion

Trump's China tariff plan would be the death of the WTO

Republican presidential candidate would turn 'MFN' principle on its head

21 March 2024
A customer checks out Ohtani merchandise March 19 at Gocheok Sky Dome in Seoul. (Photo by Tetsuya Fujita)
Sports

Shohei Ohtani fever drives $150m windfall from MLB Seoul Series

Dodgers' Japanese superstar a huge draw for South Korean baseball fans

21 March 2024
U.S.-ASEAN Business Council President Ted Osius, left, speaks at a news conference in Hanoi on March 18. (Photo by Yuji Nitta)
Companies

Boeing, Meta join U.S. business delegation to Vietnam

Companies weigh investment opportunities amid 'friendshoring' push

20 March 2024
Solar panels and wind turbines in Quy Non, Vietnam. The U.S. is supporting exports related to renewable energy, the climate and infrastructure to the Southeast Asian country.
Supply Chain

U.S. to finance $500m in green exports to Vietnam

Clean energy, infrastructure and climate projects may get Exim Bank loans

19 March 2024
Scallops fetch a high price at an upscale supermarket in Los Angeles. (Photo by Tomohiro Ichihara)
Food & Beverage

Japan's scallops, spurned by China, head to high-end U.S. market

Processed in Mexico, sushi-grade untreated shellfish fetches twice the price

19 March 2024
A sake-tasting event in Brussels on March 11. (Photo by Takashi Tsuji)
Trade

Sake's narrow escape from EU ban highlights trade blind spot

Japan made last-minute efforts to exempt the beverage from packaging regulation

16 March 2024
A seafood processor in Wenchang, Hainan province. The U.S. lawmakers urge the Biden administration to ban seafood imports from any of the Chinese companies that employ North Korean workers.
Trade

China seafood targeted by U.S. lawmakers over North Korean labor

Congress members warn sales could fund Pyongyang's nuclear program

13 March 2024
The opening ceremony for China's military base in Djibouti in August 2017: One of its ostensible missions is to fight piracy. 
Opinion

Red Sea inaction proves China is not a 'responsible stakeholder'

Beijing well-positioned to join fight against Houthi piracy but is standing aside

13 March 2024
With virtually zero chance of the Fed cutting interest rates this month, all eyes are on June.
Markets

Temu parent PDD, JD.com shares gain as tech rally reboots

Investors still expect Fed to cut interest rates in June

13 March 2024
A four-lane toll road linking the Azerbaijani capital of Baku with the Russian border opened in October. (Photo by Nikkei)
International relations

Russia-India trade route through Central Asia moves forward

Azerbaijan's role in shipping corridor turns into military advantage

12 March 2024
Paraguay's Foreign Minister Ruben Ramirez Lezcano says that Paraguay's ties with Taiwan have not stopped Chinese companies from doing business in the South American country. (Photo by Yuki Kohara) 
International relations

Paraguay 'committed' to keeping Taiwan ties, foreign minister says

Taiwan's last ally in South America emphasizes shared principles, economic benefits

11 March 2024
A Ukrainian soldier holds an artillery shell near the town of Kreminna, Ukraine, on March 4. Fighting in Ukraine has been going on for over two years.
Interview

Seizing Russian assets to aid Ukraine sets bad precedent, professor says

Nicholas Mulder stresses risks of blurring line between public and private assets

9 March 2024
Trucks wait to cross into the U.S. via the Jeronimo-Santa Teresa International Bridge, in Ciudad Juarez, Mexico, on Oct 4.
Trade

Mexico replaces China as top exporter to U.S. in 2023

Trade deficit between world's two largest economies falls to lowest level since 2010

9 March 2024
U.S. President Joe Biden delivers his fourth address to joint sessions of Congress in Washington on March 7.
U.S. elections 2024

Biden takes aim at Trump by saying the U.S. is rising, not China

In State of Union address, president calls the American economy the 'envy of the world'

8 March 2024
Lowering interest rates too much or too soon could "ultimately require even tighter policy," Federal Reserve Chairman Jerome Powell told U.S. lawmakers on March 6.
Markets

Fed's Powell warns cutting rates too soon could backfire

Central bank chief's remarks in line with markets' dialed-down expectations

7 March 2024
Sake bottles have different shapes than wine bottles, making them difficult to reuse in Europe. (Photo by Yo Inoue)
Trade

EU exempts Japanese sake from packaging recycling rules

Requirement covering sake bottles would amount to non-tariff barrier, Tokyo argued

6 March 2024
Bank of Israel Gov. Amir Yaron told Nikkei in a recent interview: "Israel has a dynamic, resilient economy. ... We're seeing credit card spending above prewar levels in almost all categories."
Middle East crisis

Israel's economy well prepared for risks, says central bank governor

Amir Yaron says credit card spending is above prewar levels

5 March 2024
Nippon Steel's plan to purchase U.S. Steel is facing increased political risk ahead of the U.S. presidential election this fall. (Photo by Mizuho Miyazaki)
Business deals

Nippon Steel executive to negotiate with union on U.S. Steel deal

Japan steelmaker aims to complete purchase before November presidential election

5 March 2024
Former Turkish President Abdullah Gul: "Many nations and countries in the world are having more sympathy towards the authoritarian regimes because of the West's blind support for Israel." (Photo by Cevahir Bugu)
Interview

Turkey's ex-president slams U.S. 'double standards' on Israel, Ukraine

Abdullah Gul says West's policies on conflicts could benefit China

3 March 2024
Michalis Rokas, EU ambassador to Malaysia, center left, and Awang Tengah, deputy premier of Sarawak, center right, stand with officials at the EU-Malaysia Business Day 2024 event in Kuching, Malaysia on Feb. 14. (Photo by Norman Goh)
Energy

EU official praises green energy push by Malaysia's Sarawak

Bloc commits to mobilize $10.8bn for ASEAN sustainable projects

2 March 2024
Beef, including wagyu, was one of Japan's top agricultural exports to the European Union in 2022. (Photo by Miyu Kaji)
Trade

Sake, scallops and wagyu face hurdles in EU under packaging rules

Top Japanese food exports seen failing to meet proposals for recyclability

2 March 2024
Package volume of goods that fall under the U.S.'s duty-free threshold increased from 411 million in 2018 to 771 million in 2021, an 88% jump.
Trade

Chinese e-commerce flood into U.S. raises safety concerns

Senators move to scrap duty-free status of sub-$800 shipments from China

2 March 2024
Russian President Vladimir Putin still presides over economic growth despite U.S.-led efforts to isolate his country. (Sputnik/Kremlin via Reuters)
International relations

Cracks in G20 let Russia grow trade with China and India

Western sanctions have failed to hobble Russian economy

1 March 2024
Turkey is still struggling with high inflation.
Economy

Turkey's GDP grew past $1tn for the first time in 2023

Economy expands 4.5%, but analysts expect weaker demand to dampen growth this year

29 February 2024