Liquidity conditions in Hong Kong resumed tightening this week with a key money-market rate climbing above a level that some analysts say may stifle a nascent economic recovery. The benchmark one-month Hong Kong Interbank Offered Rate — or Hibor — jumped above the closely watched threshold of 3% Wednesday, reaching the highest since May. If…
Nor would taking Russian energy out of the equation make much difference: The bloc spent just €23 billion on oil, gas and nuclear imports from Moscow last year. At the same time, the U.S. only sent $166 billion in oil and gas abroad last year, Page explained, meaning it would have to divert all its…
After months of intensive talks and shuttle diplomacy, a trade agreement between the European Union and the US now rests mostly on Donald Trump. European Commission President Ursula von der Leyen will travel to Scotland to meet the US president on Sunday, as the two sides aim to conclude a deal ahead of Friday’s deadline,…
Two of President Donald Trump’s top trade negotiators hailed their approach toward addressing trade grievances with Japan as a possible incentive for the European Union, as negotiations come to a head before an Aug. 1 deadline. Commerce Secretary Howard Lutnick said Wednesday in an interview with Bloomberg Television that Japan’s pledge of hundreds of billions…
China hit back at European Commission President Ursula von der Leyen after she accused the nation of distorting trade and limiting access for Europe’s firms — a back-and-forth clouding the outlook for an upcoming summit. “We hope the EU can realize that what needs to be rebalanced is the EU’s mindset, not China-EU economic ties,”…