Oil held an advance as the US indicated that a softer market may allow for further sanctions on Russia’s energy sector. West Texas Intermediate traded above $70 a barrel, after rising 2.5% on Wednesday, while Brent closed near $73. US Treasury Secretary Janet Yellen said that relatively low prices might allow further action against Russia’s…
China’s recent rollout of stimulus is centered around lifting domestic demand and hitting the nation’s annual growth goal, said Vice Finance Minister Liao Min, as investors await a meeting of lawmakers expected to unveil details of Beijing’s crucial fiscal package. “The goals are to enhance the strength of macro policies to expand domestic demand and…
Beijing’s latest blitz of economic policy measures is designed more to mitigate risks than to provide broad stimulus in the near term, according to Haibin Zhu, chief China economist at JPMorgan Chase & Co. “If you ask me whether it represents a game changer or China’s ‘whatever-it-takes’ moment — or another round of a 4…