China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
Read more at The New York Times
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Investing in Stocks and Bonds Will Be Trickier Under Trump
Sizzling returns well may continue, but our columnist suggests that it would be wise to prepare for the next storm.The New York Times - 3h -
Venezuela’s Autocrat Detains U.S. Citizens As He Tightens Grip on Power
President Nicolás Maduro will be sworn in for another six years on Friday, and he is hoping to use foreign prisoners to get his way on the global stage.The New York Times - 7h -
Moldovans grapple with outages as energy crisis grips pro-Russia region
Yahoo News - 12h -
Falling Chinese bond yields signal concern with deflation
Investors expect price pressures to become entrenched in world’s second-largest economyFinancial Times - 14h -
Top Fed official says central bank is ‘pretty close’ to meeting twin targets
Kansas City Fed chief Jeff Schmid calls for ‘gradual’ changes in monetary policyFinancial Times - 23h -
What’s up with bond yields?
From borrowers to sorrowersFinancial Times - 1d -
'Stop saying I crashed the economy,' says Liz Truss. Is it possible to gaslight an entire country? | Hugh Muir
The former PM has sent a cease and desist letter to the current one. Will everyone who thinks she was useless get one next?. The problem with worrying about megalomaniacs on the web and wildfires ...The Guardian - 1d -
Two die as cold snap grips northern France
Yahoo News - 1d -
China’s bond market is screaming deflation
Investors to Beijing: C-, must do betterFinancial Times - 1d -
Liz Truss sends legal letter ordering Starmer to stop saying she crashed economy
‘Cease and desist’ letter accuses PM of harming her reputation and contributing to her losing her seat. UK politics live – latest updates Liz Truss has sent a legal letter to Keir Starmer ...The Guardian - 1d -
Truss lawyers tell Starmer to stop saying she ‘crashed the economy’
Legal letter warns prime minister to ‘cease and desist’ from claims about her brief tenureFinancial Times - 1d -
China bets on kitchen appliances to boost economy
A list of subsidised household goods has been expanded as Beijing tries to increase domestic spending.BBC News - 1d -
Asia's central banks face a formidable challenge: An ascendant U.S. dollar
A surge in the dollar has sent Asian currencies reeling, stoking worries over imported inflation and prompting some central banks to intervene in the currency market.CNBC - 1d -
China's consumer inflation slows further in December, stoking deflation worries
China's consumer prices in December edged up 0.1% in line with expectations from a year earlier, National Bureau of Statistics showed Thursday, fanning deflation concerns.CNBC - 1d -
Cold snap grips UK with amber snow warning and -20C possible overnight
Yellow snow and ice warnings spanning Wednesday and Thursday are in place across the UK.BBC News - 1d -
Export-Import Bank launches initiative to counter China's mineral dominance
The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an effort to bolster U.S. supply chains. The Export-Import Bank (EXIM), a ...The Hill - 1d -
Has the bond market turned against Rachel Reeves?
Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as MarchFinancial Times - 1d -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - 2d -
Are ‘Magnificent Seven’ bonds now worth buying after months-long selloff?
With yields on the 30-year Treasury bond at their highest level in a year, the so-called Magnificent Seven group’s outstanding bonds are offering juicy returns to start the new year and may be a ...MarketWatch - 2d -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - 2d -
Pentagon blacklisting of China’s EV battery maker puts US banks in bind
Involvement in Hong Kong secondary listing of CATL raises reputational risks for Wall Street groupsFinancial Times - 2d -
The anxiety secret: how the world’s leading life coach stopped living in fear
Famous for her work with Oprah Winfrey, Martha Beck is a bestselling author and self-help superstar. But for 60 years she was anxious and terrified - until she found a simple, uplifting answer. All ...The Guardian - 3d -
Five dead as huge winter storm grips swathe of US
Seven US states declared emergencies owing to the polar vortex of icy air that usually circles the North Pole.BBC News - 3d -
'Stop shooting! My daughter is dead': Woman killed as West Bank power struggle rages
Shatha al-Sabbagh's family accuses the Palestinian Authority over her death in Jenin, but the PA blames "outlaws".BBC News - 3d -
Unbeaten Vols strengthen grip on No. 1 in Top 25
Tennessee tightened its grip on No. 1 in the AP Top 25 on Monday following a pair of lopsided wins, including one over SEC rival Arkansas, that left the Volunteers as the only undefeated team in ...ESPN - 3d -
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September. China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to ...The Guardian - 4d -
China’s economy still hasn’t fully emerged from the pandemic as a new year dawns
Weak consumer demand is just one of a range of factors plaguing the economy as the calendar turns from 2024 to 2025, even after policy makers meted out stimulus measures throughout the past year.MarketWatch - 4d -
Putin orders Russia's top bank to team up with China in AI push to challenge Western tech dominance
Yahoo News - 4d -
China's economy is causing a hangover for spirits giants
Yahoo News - 4d -
‘This is basically a civil war’: West Bank in fear as Palestinian Authority battles militant groups
PA seeking to prove it will be able to handle governing the Gaza Strip when the war there ends. Amid the echo of gunfire and explosions, 23-year-old Mariam picked her way through puddles on the ...The Guardian - 4d -
Only US leadership can stop China’s economic power in Latin America
The only way to stop China’s accelerated advance in Latin America continues to be democracy and the counterweight of greater leadership from Europe and the U.S.The Hill - 6d -
Cold Snap to Grip Much of the U.S., Followed by Winter Storms
The Arctic air arrives this weekend and could linger into mid-January.The New York Times - Jan. 3 -
NFL Owns 72 of TV’s Top 100 as Politics Loosens Sports’ Grip
While the long shadow of another quadrennial upheaval threatened to diminish the NFL’s stranglehold on American media consumption, the 2024 election cycle had relatively little impact on the ...Yahoo Sports - Jan. 3 -
FirstFT: China’s central bank prepares for historic monetary policy shift
Also in today’s newsletter, cold winter snap stokes US heating prices and a shake-up at the top of MetaFinancial Times - Jan. 3 -
China’s central bank plans policy overhaul as pressure mounts on economy
People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for creditFinancial Times - Jan. 3 -
Taiwan president welcomes exchanges with China as Xi says no one can stop 'reunification'
Taiwan President Lai Ching-te said he welcomed exchanges with China, but wondered whether there was goodwill from Beijing given what he said was their blocking of simple things like tourism.NBC News - Jan. 1 -
China steps up drive to break Boeing and Airbus grip on plane market
State-owned Comac opens offices abroad and pushes for overseas certification as it increases output of C919 jetsFinancial Times - Jan. 1
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Economists Are in the Wilderness. Can They Find a Way Back to Influence?
Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.The New York Times - 7h -
R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’
R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.The New York Times - 1h -
Can Low Unemployment Last Under Trump?
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Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules
The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.The New York Times - 18h -
Disney, Fox and Warner Bros. Discontinue Venu Sports Streaming Service
Venu Sports, a joint venture between Disney, Fox and Warner Bros., was announced to great fanfare last year but was discontinued before it ever became available.The New York Times - 43m
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