The Brics emergency summit at which Chinese President Xi Jinping delivered a speech was convened by Brazil to coordinate resistance to growing pressures from US President Donald Trump’s trade war. It did not turn into a forum for an open clash with the United States, as anticipated by some. But it would be a mistake…
Published On 8 Sep 20258 Sep 2025 Argentina’s markets have tumbled, with the peso currency at a historic low, after a heavy defeat for President Javier Milei’s party at the hands of the Peronist opposition at local elections stoked worries about the government’s ability to implement its economic reform agenda. On Monday, the peso was last…
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The Hong Kong Chief Executive’s Council of Advisers has welcomed three new members, including two tech bosses from Hangzhou’s “Six Little Dragons” and a mainland Chinese economist who was a senior official with the International Monetary Fund (IMF). The government on Friday announced the appointment of 34 members to the second term of city leader…
The International Monetary Fund on Tuesday slightly upgraded its UK growth forecast for this year but warned over fallout from US tariff threats as it held its estimate for 2026. IMF revises up UK growth forecast for 2025 Britain’s economy is expected to expand 1.2 percent in 2025, up from 1.1 percent estimated last month,…
Hong Kong’s finance chief has predicted the economy will post solid growth for the first quarter, while pledging to press on with plans to control government spending to maintain the city’s competitiveness. Financial Secretary Paul Chan Mo-po gave his forecast on Sunday in the lead-up to this week’s announcement of gross domestic product (GDP) figures…
WASHINGTON (AP) — President Donald Trump can’t stop contradicting himself on his own tariff plans. He says he’s on a path to cut several new trade deals in a few weeks — but has also suggested it’s “physically impossible” to hold all the needed meetings. Trump has said he will simply set new tariff rates…
Treasury Secretary Scott Bessent said Wednesday that China’s current economic model — built on “exporting its way out of economic troubles” — is unsustainable, and that the U.S. wants to help it change. How Trump’s tariffs could make your iPhone cost $3,500 In his keynote address at the Institute of International Finance in Washington, D.C.,…
By Andrea Shalal WASHINGTON (Reuters) -Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday. That in turn can generate market volatility which can threaten financial stability, it said in a chapter from its forthcoming Global Financial Stability Report. The IMF…
By Lucila Sigal and Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s central bank has announced a major overhaul to the country’s exchange rate policy, unleashing the peso and years-long controls on the currency ahead of an expected $20 billion International Monetary Fund deal. The central bank announced that it will undo a fixed currency peg…