U.S. engagement with Southeast Asia under President Donald Trump is typically framed as a counter to Chinese dominance in the region. While the issue of Beijing's influence will likely come up during Secretary of State Mike Pompeo's tour of the area this week, it certainly won't dominate his talks with policymakers.
TOKYO (Reuters) - The dollar remained steady against a basket of its peers on Monday after the U.S. job data reinforced investors’ expectations the Federal Reserve will gradually raise interest rates this year.
NEW YORK: Oil prices strengthened Thursday, with U.S. crude gaining nearly 2 percent after traders saw an industry report suggesting domestic crude stockpiles would soon decline again after a surprise rise in the latest week.
Some of the surge in U.S. oil production this past spring might have been “a mirage.” On July 31, the EIA released monthly data on U.S. oil production, which revealed a decline in U.S. output of 30,000 bpd in May, compared to a month earlier. The dip is a surprise, given the widespread assumption that U.S. shale production was continuing to grow at a blistering pace.
Aug 02, 2018 (Euclid Infotech Ltd via COMTEX) -- Factory growth stuttered across the world in July, heightening concerns about the global economic outlook as an intensifying trade conflict between the United States and China sent shudders through trading partners.
Economic growth is expected to continue at a rapid pace in the third quarter, according to a preliminary forecast from the Atlanta Fed.