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The recent stock market rally and the surprisingly resilient U.S. economy are reliant on an uneasy balancing act between the U.S. Treasury market, the oil market and struggling regional banks, according to one bestselling author and market risk expert.
BOAO, China (AP) — China is committed to reforms that will upgrade the technological level of its largely manufacturing-based economy and exploit green technologies expected to drive around $1.4 trillion in annual revenues, a senior Communist Party official said Thursday.
HONG KONG (AP) — China on Thursday said it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries.
TOKYO (Reuters) -- Many Bank of Japan policymakers saw a need to go slow in phasing out its ultraloose monetary policy, with one board member saying the economy's health did not warrant rapid hikes in interest rates, a summary of opinions at the bank's March meeting showed.
The United States and China are locked in a new race, in space and on Earth, over a fundamental resource: time itself.
The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency.
U.S. stocks have "limited upside" from here, given the macroeconomic backdrop — and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management.
TOKYO -- Japan's new effort to develop a next-generation airliner by 2035 will seek to involve multiple private-sector companies, in a departure from the failed Mitsubishi SpaceJet program, but faces the same uncertainties.