China's top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher U.S. trade tariffs as Donald Trump returns to the White House.
Global growth will slow in 2025, and offshore investors are set to cut the cash they send to emerging markets by nearly a quarter, as promised policies from incoming US President Donald Trump reverberate through global markets, a banking trade group said on Wednesday.
The U.S. government posted a $367 billion budget deficit for November, up 17% from a year earlier, as calendar adjustments for benefit payments boosted outlays by some $80 billion compared to the same month in 2023, the Treasury Department said on Wednesday.
Bank of America expects regulatory changes under President-elect Donald Trump to favor mergers and acquisitions among companies, including banks, CEO Brian Moynihan said on Wednesday. "Regulatory changes will be favorable for the ability to get deals done," Moynihan told investors at the Goldman Sachs Financial Services conference.
President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, multiple sources told CBS News, and inauguration officials are making plans for additional foreign dignitaries to attend the swearing-in ceremony.
Malaysia’s natural rubber (NR) production surged by 20.6% in October 2024, reaching 38,400 tonnes, compared to 31,847 tonnes in September 2024 according to the Department of Statistics Malaysia (DOSM). Year-on-year, production also saw a 16.6% increase from 32,944 tonnes in October 2023. The majority of the production was contributed by the smallholder sector, accounting for 88.6% of total output.