ECONOMY & MARKETS

People wearing protective masks walk in a market, following the introduction of new restrictions imposed by the government after a surge in coronavirus disease (COVID-19) cases in Bucharest, Romania, October 26, 2021. Inquam Photos/George Calin via REUTER

Emerging Markets With Twin 4% Deficits To Hit Record - Fitch

The share of emerging markets with budget and current account deficits of 4% of GDP or more is set to hit a record this year, ratings agency Fitch said Tuesday, as price hikes caused by Russia's war in Ukraine compound the COVID-19 pandemic's impact.
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A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021.

Wall Street Set To Rebound As China ADRs, Growth Stocks Rally

Wall Street was set to open higher on Monday after a drop last week, with U.S.-listed shares of Chinese technology companies rallying on optimism around easing regulatory crackdowns and relaxing COVID-19 curbs in the world's second-largest economy.
Buildings of residential compounds are seen in Shanghai, following the coronavirus disease (COVID-19) outbreak, China October 9, 2020.

China's Economic Headwinds Chill Its Wary New Homebuyers

After two years of hunting, Volar Yip has put his dream of buying a new home in China's southeastern city of Foshan on ice, anxious about making a major financial commitment amid a significant slowdown in the world's second-largest economy.
A man walks past a screen displaying a graph showing recent Nikkei share average movements outside a brokerage in Tokyo, Japan, December 30, 2020.

Investors Dip Into Riskier Tech, Crude At $120

Wall Street was set to open higher on Monday, tracking gains in Asia and Europe as investors took expected interest rate hikes in coming days their stride for now despite crude oil hitting $120 a barrel.
Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021.

U.S. Mulls Lifting Some China Tariffs To Fight Inflation

U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation.

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