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China Unveils Major Development Targets for 2026-2030
15+ min ago (208+ words) (Yicai) March 5 -- China today unveiled major development targets for the 2026-2030 period as a government work report was submitted to the country's top legislature for deliberation. Over the next five years, China expects to keep its GDP growth within an appropriate…...
Ticker: Warsh formally nominated to be Fed chair; Nuke plant permitted in Wyoming
16+ min ago (256+ words) The Trump administration has formally nominated Kevin Warsh, a former top Federal Reserve official, to be the next Fed chair when Jerome Powell's term ends in two months. Warsh's nomination, which was initially announced Jan. 30, was forwarded to the Senate…...
US stocks rise on Iran diplomacy hopes, tech leads rally
23+ min ago (462+ words) US stocks rise on Iran diplomacy hopes, tech leads rally Sabrina Valle and Johann M CherianReuters //March 4, 2026// (Reuters) " U.S. stocks closed up on Wednesday, after a news report that Iran had signaled openness to talks and a pledge by President Donald…...
Instant View: China sets 2026 growth target at 4.5%–5%, below last year’s pace
28+ min ago (371+ words) SINGAPORE, March 5 (Reuters) " China has set its 2026 economic growth target at 4.5%-5%, slightly lower than the 5% pace achieved last year, signalling room for greater, albeit not decisive, measures to address industrial overcapacity and rebalance the economy. Analysts have said a lower…...
Stocks rebound as investors’ risk appetite resumes
40+ min ago (959+ words) Investors shifted their focus from the war in Iran, resuming a risk-on mood amid surprise economic data The S&P 500, Nasdaq 100, and Russell 2000 rebounded as strong economic data, including a surprise jump in private sector hiring and better-than-expected growth in…...
Xinhua News | Chinese economy remarkably resilient in 2025: report
49+ min ago (71+ words) Xinhua News | Chinese economy remarkably resilient in 2025: report'Xinhua Xinhua News | Chinese economy remarkably resilient in 2025: report The Chinese economy has proved remarkably resilient over the past year, according to a government work report submitted Thursday to the country's top legislature…...
Ryan Bridge: The oil price danger zone for inflation
52+ min ago (304+ words) If this is still going on in two or three weeks, lots of countries, including ours, will start to feel the pinch." Brent Crude Futures topped out at $85 a barrel overnight, the highest price since 2024. JP Morgan says it could…...
Asian shares jump after US stocks rebound as oil prices stop spiking
55+ min ago (278+ words) Shares have opened sharply higher in Asia after a rebound on Wall Street. South Korea's Kospi took back the 12% it had shed a day earlier. In Tokyo, the Nikkei 225 jumped 4.3%. U.S. stocks rebounded after oil prices stopped spiking and reports gave…...
Exchange rate trending up amid Middle East tensions: Vietnam central bank
56+ min ago (1338+ words) Escalating tensions and military conflicts in the Middle East have driven oil prices up by 8-13% in recent days, putting pressure on global inflation and inflation expectations, Ha told a government press meet on Wednesday. According to the Deputy Governor, many…...
China sets lowest economic growth target in decades, ahead of Trump summit
1+ hour ago (374+ words) Beijing/Hong Kong (CNN) " China set its lowest economic growth target in decades on Thursday, announcing it would aim for 4.5-5% expansion for 2026, as the world's second-largest economy grapples with weak domestic demand and an uncertain global outlook. The moderate projection…...