by EFSD | Jun 18, 2019 | Economic News
Japan, South Korea and Taiwan are “highly exposed” to the Chinese economy, said Steve Cochrane, chief Asia Pacific economist at Moody’s Analytics.In addition to serving consumers in China, the Asian economies also supply products that Chinese factories assemble and...
by EFSD | Jun 16, 2019 | Economic News
When Federal Reserve officials meet next week, they are expected to clear the way for a July interest rate cut by downgrading their economic forecast, tweaking the language in their statement and reducing their interest rate forecasts.The Fed is expected to remove the...
by EFSD | Jun 15, 2019 | Economic News
Stocks fell on Friday after a sharp decline in Broadcom shares put other chipmakers and the broader tech sector under pressure. The Dow Jones Industrial Average slid 17.16 points, or 0.1%, to 26,089.61. The S&P 500 declined by 0.2% to 2,886.98 as the tech sector...
by EFSD | Jun 12, 2019 | Economic News
The nation’s two busiest container ports, the Los Angeles and Long Beach, on Tuesday reported declines in export volumes in May, amid the ongoing trade war with China.The two port complexes together handle about 40% of the nation’s containerized import trade with...
by EFSD | Jun 11, 2019 | Economic News
Chinese exports of rare earths fell in May to 3,639.5 metric tons, customs data showed on Monday.The decline came amid China’s threat to stop supplying the U.S. with rare earths after tensions between the two countries escalated last month.Experts are split on whether...
