Schumer seeking endgame on $200 billion-plus anti-China bill
The U.S. Senate is nearing the finish line for a package of legislation totaling well over $200 billion that’s designed to strengthen U.S. competitiveness against…
Asia reflation momentum puts commodities, shipping stocks on top
Reflation trades are alive and kicking in Asian equities, where shippers and raw materials producers are outperforming both broader stock gauges and the surge in…
Biden unveils supply-chain plan to boost medicine, chip output
President Joe Biden released a multi-pronged strategy to secure critical supply chains in products ranging from medicines to microchips, and is also weighing a potential…
China moves forward with law aimed at countering US sanctions
Chinese lawmakers are making progress on legislation to retaliate for foreign sanctions amid a growing rivalry with the U.S.
Canada imports plunge as chip shortages disrupt automobile trade
Canada’s trade balance swung into surplus, as imports plunged due to supply disruptions in the auto industry.
Taiwan factories shrug off Covid as exports surge to record
A Covid-19 outbreak, a drought and power outages did little to dent Taiwan’s runaway export growth in May as factories kept running at full capacity…
EU, U.K. head for fresh Brexit collision over Northern Ireland
The U.K. and European Union are on course for a fresh confrontation over Northern Ireland, with the bloc warning of “swift” and “firm” action if…
Yen is left behind as worst-performer in global reflation trade
As the global economic recovery from the coronavirus gathers momentum, Japan looks to be standing still, while its currency goes backward.
EU carbon border levy will not be a quick fix, researchers say
The European Union plan to put a levy on certain emissions-intensive commodity imports may offer only limited protection against the relocation of production to countries…
Russia eyes carrots and sticks in push to ditch dollar for Euro
Russia will rely on economic stimuli to encourage a shift away from dollars as a way to reduce exposure to U.S. sanctions, but isn’t considering…
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