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Asia’s factories stumble as US tariffs hit order booksby hellenicshippingnews… on 3 November 2025 at 11:00 am
Asia’s big manufacturing hubs struggled to fire up in October, business surveys showed on Monday, as weak U.S. demand and tariffs under President Donald Trump hit factory orders across the region. While Trump’s visit to Asia last week led to some progress in trade negotiations with large manufacturing economies such as China and South Korea, …
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China’s Xi pushes for global AI body at APEC in counter to USby hellenicshippingnews… on 3 November 2025 at 11:00 am
Chinese President Xi Jinping took centrestage at a meeting of APEC leaders on Saturday to push a proposal for a global body to govern artificial intelligence and position China as an alternative to the United States on trade cooperation. The comments were the first by the Chinese leader on an initiative Beijing unveiled this year, …
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China needs 4.17% annual GDP growth to meet 2035 goal, publication showsby hellenicshippingnews… on 2 November 2025 at 10:00 pm
China is confident it will achieve an annual average growth rate of 4.17% over the next decade, the level needed for it to become a medium-level developed country in terms of GDP per capita by 2035, said an official book outlining proposals for the next five-year plan. “Based on the goal of China’s per capita …
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Asia-Pacific leaders call for shared trade benefits as APEC summit wraps upby hellenicshippingnews… on 2 November 2025 at 10:00 pm
Facing deepening fractures in the global trade order, Asia-Pacific leaders adopted a joint declaration that emphasized the need for resilience and shared benefits in trade at the end of the annual APEC summit on Saturday. The Asia-Pacific Economic Cooperation leaders summit, hosted by South Korea this year, unfolded under the shadow of rising geopolitical tensions …
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Rates Spark: Fed and ECB in a good placeby hellenicshippingnews… on 2 November 2025 at 10:00 pm
The Fed moves to using T-bill buying more actively as a means to managing reserves The Federal Reserve now plans to buy T-bills more actively as a means of adjusting reserves. This makes sense and is in line with our thinking. They will allow the MBS roll off to continue, offset by buying T-bills, leaving …
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Europe’s capital markets union trust problemby hellenicshippingnews… on 2 November 2025 at 10:00 pm
What will it take to make progress? The European Union is founded on four freedoms: the free movement of people, goods, services and capital. While some meaningful barriers remain to each of these freedoms, capital is the most constrained. How Europe can proceed towards a viable capital markets union was the subject of a roundtable …
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Trump’s exit is Xi’s cue to take centre stage at APECby hellenicshippingnews… on 2 November 2025 at 10:00 pm
As Air Force One took off from South Korea’s Busan airport after U.S.-China talks on Thursday, Chinese leader Xi Jinping’s Hongqi N701 limousine whisked him off to the Asia-Pacific Economic Cooperation summit some 50 miles (80km) away. The split-screen moment captured a shift in global economic leadership: U.S. President Donald Trump heads home after a …
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Eurozone inflation drops back to 2.1% as services inflation ticks upby hellenicshippingnews… on 2 November 2025 at 10:00 pm
Thanks to easing energy base effects – what a snooze, I know – headline inflation in the eurozone has ticked back down from 2.2 to 2.1% again. The European Central Bank calls this ‘the good place’ that it’s currently in, illustrating that boring times are the best times for central bankers. It made yesterday’s decision …
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Global central banks converge towards rate cut cautionby hellenicshippingnews… on 2 November 2025 at 10:00 pm
The U.S. Federal Reserve has moved back into line with other major rate setters after it cut rates by a quarter point on Wednesday but pushed back against market bets that it would keep going as the Washington shutdown fogs up its forecasting lens. The Bank of Japan and European Central Bank left rates unchanged …
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What the latest Fed rate cut means for your money — even if the next one is not certainby hellenicshippingnews… on 2 November 2025 at 10:00 pm
The U.S. Federal Reserve cut its key interest-rate target by a quarter of a percentage point on Wednesday. But Fed Chair Jerome Powell cautioned that another move in 2025 is not guaranteed. “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it,” Powell said, citing the …
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How travel and tourism can fuel growth in an uncertain economic eraby hellenicshippingnews… on 2 November 2025 at 10:00 pm
Earlier this year at the World Economic Forum Annual Meeting in Davos, Switzerland, as leaders and innovators from around the world came together to share ideas and solutions, we were reminded of the transformative power of travel – not just as an economic engine but as a deeply human force. We heard stories: a young …
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Trump’s Asia tour sees deals, knee-bending and a revealing final meetingby hellenicshippingnews… on 2 November 2025 at 10:00 pm
US presidential trips abroad have traditionally been an opportunity to display the power of the American nation on the world stage. Donald Trump’s five-day swing through eastern Asia, on the other hand, has been a display of the power of Trump – but also, at times, of that power’s limitations. Trump’s stops in Malaysia, Japan …
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US grocers brace for sales dip as food aid set to lapseby hellenicshippingnews… on 2 November 2025 at 10:00 pm
U.S. grocers and food companies ranging from Walmart WMT to Smithfield Foods SFD are bracing for a dip in November sales if federal food aid benefits lapse for the first time due to the ongoing government shutdown. The shutdown has imperiled next month’s Supplemental Nutrition Assistance Program, also known as food stamps, which serves nearly …
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US job market is now ‘no hire, more fire’: McGeeverby hellenicshippingnews… on 2 November 2025 at 10:00 pm
The U.S. labor market has been characterized as a ‘no hire, no fire’ landscape for much of the past year. But ‘no hire, more fire’ increasingly looks more accurate, providing further ammunition for the Federal Reserve to cut interest rates. Retail giant Amazon on Tuesday announced 14,000 layoffs, with more to come next year, while …
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US Fed lowers rates but tempers rate-cut outlookby hellenicshippingnews… on 2 November 2025 at 10:00 pm
1. US Fed cuts rates by .25% On Wednesday, the US Federal Reserve cut its key interest rate by 25 basis points to a range of 3.75%–4%. The move marked the second straight rate cut and came as the US economy continues to face a weakening job market. While the .25% cut was widely expected, …
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Hopes for more constructive US-China ties after Trump hails meeting with Xiby hellenicshippingnews… on 2 November 2025 at 10:00 pm
The long-awaited meeting between the presidents of the world’s two largest economies marked a major milestone in what has been a period of friction for US-China ties. The meeting concluded on a positive note, setting up a year-long truce. In terms of the immediate implications, the successful meeting defuses the immediate prospects of another sharp …
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What did Trump, Xi agree to on tariffs, export controls and fentanyl?by hellenicshippingnews… on 2 November 2025 at 6:00 pm
U.S. President Donald Trump and Chinese President Xi Jinping on Thursday took steps to de-escalate their trade war, swapping some U.S. tariff reductions and tighter export controls for a pause in Beijing’s new restrictions on rare earth minerals and magnets and a resumption of its purchases of American soybeans. The deal averts Trump’s threatened 100% …
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Barclays, BofA sees no further ECB easing in 2025by hellenicshippingnews… on 2 November 2025 at 6:00 pm
Barclays and BofA Global Research have revised their forecast and no longer expect the European Central Bank to cut interest rates in its December meeting, after the ECB kept rates unchanged on Thursday. The ECB kept interest rates steady at 2% for the third meeting in a row and said that policy was in a …
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Florence press conference confirms ECB remains comfortable in its ‘good place’by hellenicshippingnews… on 2 November 2025 at 6:00 pm
Even a change of scenery has done nothing to change the European Central Bank’s current wait-and-see stance. Florence, where the ECB met today for its only annual meeting outside of Frankfurt, is apparently also this ‘good place’, the central bank’s well-known pseudonym for comfortably keeping interest rates on hold. ECB President Christine Lagarde even called …
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Federal shutdown could cost US economy up to $14 billionby hellenicshippingnews… on 2 November 2025 at 6:00 pm
The federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, shaving up to 2% from gross domestic product in the fourth quarter due to the lapse in government spending, the nonpartisan Congressional Budget Office said. The partial shutdown was in its 29th day on Wednesday with no end in sight, …