China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world’s second-biggest economy, setting a somber tone Continue Reading
The Chinese government abandoned its decades-long practice of setting an annual target for economic growth amid the storm of uncertainty unleashed by the coronavirus pandemic, and said it would continue Continue Reading
Mounting disasters in the U.S. are spurring concern about the federal government’s ability to handle a storm season that’s projected to produce the most dangerous storm period since Hurricane Katrina in Continue Reading
China broke with more than a quarter-century of tradition by not issuing an economic growth target for 2020, a stark acknowledgment of the challenges facing the world’s second-largest economy as Continue Reading
Despite the low oil demand during the COVID-19 outbreak in China, the world’s top oil importer is set to increase its crude oil imports by 2 percent in 2020, thanks Continue Reading
China has laid out plans to issue Yuan 3.75 trillion ($526.8 billion) of new local government special bonds this year, up from Yuan 2.15 trillion in 2019, which will boost Continue Reading
Seven Japan-based companies—Asahi Tanker Co., Ltd.; Idemitsu Kosan Co., Ltd.; Exeno Yamamizu Corporation; Mitsui O.S.K. Lines, Ltd.; Tokio Marine & Nichido Fire Insurance Co., Ltd.; Tokyo Electric Power Company; and Continue Reading
China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies. The world’s second largest Continue Reading
Harold Hamm, the wildcatter who helped usher in the American fracking boom, has weathered his share of oil busts. None of them matched this one. The 13th child of Oklahoma Continue Reading
Even as states begin to reopen for business, a further 2.4 million workers joined the nation’s unemployment rolls last week, and there is growing concern among economists that many of Continue Reading
