The International Monetary Fund has kept its economic growth forecast for China unchanged at 4.5% for 2026, according to its annual review of the Chinese economy for 2025 published on Wednesday.
The minutes of the Federal Reserve’s January monetary policy meeting on Wednesday showed that almost all participants supported the decision to hold interest rates steady.
The Trump administration said Wednesday it is rescinding a rule that incentivized automakers to produce electric vehicles to meet fuel economy requirements by overstating energy savings.
U.S. President Donald Trump said on Wednesday that the country’s trade deficit had contracted sharply due to his trade tariffs, and that the U.S. was set for a trade surplus in 2026– its first in decades.
Oil prices edged higher in Asian trade on Thursday after surging more than 4% in the previous session, supported by lingering U.S.-Iran tensions and lack of progress in Russia-Ukraine peace talks, while a draw in U.S. crude inventories also provided support.
US consumer prices increased less than expected in January, but underlying inflation firmed as businesses raised prices at the start of the year, which together with a stabilising labour market could allow the Federal Reserve to keep interest rates unchanged for a while.