A report examines how the war in Iran has weighed on Asian economies, but left China in a more advantageous position.
Category: Economic Conditions and Trends
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China Emerges as a Relative Winner From Strait of Hormuz Crisis
The New York Times – Business: -
Inflation Accelerated in May as Iran War Pushed Up Prices
The New York Times – Business:A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices.
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U.S. Inflation Problems Are Far From Over
The New York Times – Business:The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.
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Brexit Has Cost the UK Growth, Analysts Say, in the Decade Since the Vote
The New York Times – Business:Citing lower trade and investment, analysts broadly agree that Britain’s economy is smaller than it would have been if the country had stayed in the E.U.
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China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
The New York Times – Business:Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
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Worried About War’s Impact, Bond Investors Push Rates to Highest Level Since 2007
The New York Times – Business:The 30-year U.S. Treasury yield hasn’t been this high since the lead up to the global financial crisis. Across Europe and Asia, yields are also elevated.
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The Iran War Is Crippling One of the World’s Wealthiest Nations
The New York Times – Business:Iranian attacks have paralyzed Qatar’s vital gas exports and are stalling the tourism and business pivots that were intended to anchor its future growth.
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Oil Prices Rise as Trump Meets China’s Xi
The New York Times – Business:The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
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Wholesale Prices Jumped in April, in Latest Sign of War’s Economic Ripples
The New York Times – Business:The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging.