JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
North America
Joe Biden Extends Suspension of Trump-Era EU Steel, Aluminum Tariffs for 2 Years
President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Russia Warns Japan, South Korea Over Moves to Help Ukraine as US Unveils New Military Aid Package for Kyiv
Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
US Dollar Slips to 5-Month Low Against the Euro Amid Fed Rate Cut Expectations
The US dollar has slipped to a five-month low against the euro and several other currencies, The US dollar has slipped to a five-month low against the euro and several other currencies, driven by expectations that the Federal Reserve might soon implement interest rate cuts.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
Latest News
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine. Amid the economic challenges intensified by its conflict with Russia, the International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine as part of an ongoing long-term loan.
The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."
Authorities in Israel are currently investigating unusual trading activities that occurred just days before the October 7 Hamas attack.
The United States (US) has issued long-awaited guidance that will limit China's role in electric vehicles (EVs).
Amid signs of an economic slowdown, ING Economics predicts that the US Federal Reserve will cut interest rates six times in 2024.
Chinese-founded fast-fashion giant Shein has confidentially filed for an initial public offering (IPO) in the United States (US).
Amid the escalating trade tensions between the United States and China, the impact of the US chip export ban is reportedly taking a toll on Chinese artificial intelligence (AI) startups.
