China’s foreign exchange reserves rose more than expected in February, central bank data showed on Friday, as the dollar weakness persists. The country’s foreign exchange reserves, the world’s largest, increased $18 billion last month to $3.227 trillion, beating a Reuters forecast of $3.222...
https://www.hellenicshippingnews.com/chinas-forex-reserves-rise-more-than-expected-in-february/
The world must carry on pursuing the greenhouse gas emissions reductions outlined in the Paris Agreement, despite the United States’ withdrawal, Britain’s climate envoy said on Thursday, adding that the UK was moving ahead with its targets. Last month U.S. President Donald Trump withdrew the...
https://www.hellenicshippingnews.com/world-must-stick-to-climate-goals-despite-us-uk-envoy-says/
Germany’s top bankers on Thursday warned Berlin that giant spending plans for infrastructure and defence need to be accompanied by overhauls to cut red tape to get their maximum punch. This week, the parties hoping to form Germany’s next government agreed to create a 500-billion-euro infrastructure...
https://www.hellenicshippingnews.com/german-banks-warn-berlin-that-red-tape-may-curb-spending-plans/
Germany’s would-be next chancellor, conservative leader Friedrich Merz, and the Social Democrats (SPD) with whom he is trying to form a government plan to throw out restrictive borrowing rules in a fiscal policy sea-change. But things could still go wrong. WHAT ARE THE CONSERVATIVES AND SOCIAL...
https://www.hellenicshippingnews.com/germanys-rocky-path-to-a-new-debt-settlement/
U.S. President Donald Trump suspended on Thursday tariffs of 25% he had imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed markets and fanned worries about inflation and growth. The exemptions for the two largest U.S. trading...
https://www.hellenicshippingnews.com/trump-delays-tariffs-for-goods-under-mexico-canada-trade-deal/
Japan has cleared the key threshold for the government to officially declare an end to long-term price deflation, economy minister Ryosei Akazawa said on Friday. The remark highlights the government’s optimism over the economic outlook, which could affect the timing of the Bank of Japan’s next...
https://www.hellenicshippingnews.com/japan-ready-to-declare-end-to-deflation-economy-minister-says/
New policies under the Trump administration are placing the U.S. economy in “incredible flux,” Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday, and he suggested it is unlikely that the Fed will have enough clarity to move on interest rates before late spring or summer....
A Federal Reserve Bank of New York official who manages the implementation of monetary policy indicated Wednesday the central bank has room to further shrink its balance sheet, while noting government financial management issues will create challenges for the process over the short run. Market...
https://www.hellenicshippingnews.com/ny-feds-perli-says-market-liquidity-levels-remain-abundant-2/
The Bank of Japan can raise interest rates at a pace in line with dominant views among financial markets and economists, its Deputy Governor Shinichi Uchida said, keeping alive expectations that there is a chance of a near-term increase in borrowing costs. While he declined to say how soon the BOJ...
https://www.hellenicshippingnews.com/boj-vows-to-keep-raising-rates-despite-trump-tariff-risks/
British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed on Wednesday. The preliminary reading of the UK S&P Composite Purchasing Managers’ Index (PMI) for this month rose marginally...