Tag: International Trade and World Market

Stock Markets in Asia Climb After U.S. Rally: Live Updates

ImageCommuters in Tokyo on Thursday.Credit…Noriko Hayashi for The New York Times Asian markets rise cautiously after Wall Street’s big day. Stock markets in Asia rose cautiously on Friday, after investors in the United States sent stocks more than 6 percent higher on optimism over the impact of a big spending package from Washington. Most of […]

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Stocks Surge as Washington’s Aid Package Advances: Live Updates

Here’s what you need to know: Wall Street shakes off record unemployment claims. Boeing is up nearly 90 percent this week. American Airlines has jumped almost 50 percent. Carnival Corporation has soared nearly that much as well. Wall Street has been in rally mode, as investors bid up shares of companies that were set to […]

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White House Considers Postponing Tariffs to Help Businesses: Live Updates

Here’s what you need to know: ImageAn iron and steel plant in Chongqing, China.Credit…Damir Sagolj/Reuters Trump weighs postponing tariff payments to help businesses. The Trump administration is considering postponing tariff payments on some imported goods for 90 days, according to people familiar with the matter, as it looks to ease the burden on businesses hurt […]

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White House Weighs Tariff Delay

WASHINGTON — The Trump administration is considering postponing tariff payments on some imported goods for 90 days, according to people familiar with the matter, as it looks to ease the burden on businesses hurt by the pandemic. Some businesses and trade groups have argued that the levies President Trump imposed on foreign metals and products […]

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Live Stock Market Tracker During Coronavirus Pandemic

Here’s what you need to know: The Rescue Bill The checks will roll out slowly. As part of the country’s biggest emergency spending plan, American lawmakers have agreed to provide direct payments of up to $1,200 to certain taxpayers in an attempt to create a safety net for those whose jobs and businesses are affected […]

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Stock Markets in Asia Continue Global Surge: Live Updates

Image<img alt="Japan’s Nikkei 225 jumped by more than 5 percent, even as the organizers of the Tokyo 2020 Olympic Games said they would postpone the event by a year.” class=”css-1m50asq” src=”https://static01.nyt.com/images/2020/03/25/world/25markets-briefing-japan/merlin_170936340_96ba2b81-c095-41ec-b133-c14daf52ca46-articleLarge.jpg?quality=75&auto=webp&disable=upscale” srcset=”https://static01.nyt.com/images/2020/03/25/world/25markets-briefing-japan/merlin_170936340_96ba2b81-c095-41ec-b133-c14daf52ca46-articleLarge.jpg?quality=90&auto=webp 600w,https://static01.nyt.com/images/2020/03/25/world/25markets-briefing-japan/merlin_170936340_96ba2b81-c095-41ec-b133-c14daf52ca46-jumbo.jpg?quality=90&auto=webp 1024w,https://static01.nyt.com/images/2020/03/25/world/25markets-briefing-japan/merlin_170936340_96ba2b81-c095-41ec-b133-c14daf52ca46-superJumbo.jpg?quality=90&auto=webp 2048w” sizes=”((min-width: 600px) and (max-width: 1004px)) 84vw, (min-width: 1005px) 80vw, 100vw” itemprop=”url” itemid=”https://static01.nyt.com/images/2020/03/25/world/25markets-briefing-japan/merlin_170936340_96ba2b81-c095-41ec-b133-c14daf52ca46-articleLarge.jpg?quality=75&auto=webp&disable=upscale”>Japan’s Nikkei 225 jumped by more than 5 percent, […]

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In World’s Most Vulnerable Countries, Coronavirus Pandemic Rivals the 2008 Crisis

In New Delhi, a fruit vendor whose sales have dropped by half now dilutes the milk she serves to her five children. In central Turkey, a company that runs hot air balloon rides for tourists has banished its 49 employees to indefinite leave while cutting their wages by half. In Manila, a bartender for an […]

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In World’s Most Vulnerable Countries, the Pandemic Rivals the 2008 Crisis

In New Delhi, a fruit vendor whose sales have dropped by half now dilutes the milk she serves to her five children. In central Turkey, a company that runs hot air balloon rides for tourists has banished its 49 employees to indefinite leave while cutting their wages by half. In Manila, a bartender for an […]

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Live Stock Market Updates as Coronavirus Pandemic Continues

Here’s what you need to know: Washington’s stimulus effort stalls again as the Fed tries to calm the markets. With a recession looming and the economy breaking down day by day in the face of the global coronavirus pandemic, investors have been looking to leaders in Washington to cushion the economic impact of business closures, […]

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Trump Administration Gives Apple More Tariff Relief

OAKLAND, Calif. — U.S. trade officials removed tariffs on the Apple Watch, the latest Apple device to avoid the United States-China trade war that had once looked like a dire threat to the company’s business. The U.S. trade representative’s office said in a letter on Friday that it had granted Apple’s request that the Apple […]

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The U.S. Needs China’s Masks, as Acrimony Grows

SHANGHAI — American front-line medical personnel are running desperately short of masks and protective equipment as they battle the coronavirus outbreak. China, already the world’s largest producer of such gear by far, has ramped up factory output and is now signaling that it wants to help. Reaching deals won’t be easy. Increasingly acrimonious relations between […]

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Stock Markets in Asia Fall on U.S. Stalemate: Live Updates

ImageA countdown clock for the 2020 Olympics in Tokyo on Monday.Credit…Jae C. Hong/Associated Press Global stocks tumble after the U.S. fails to reach a deal. Financial markets look set for another troubled week, as most of the world’s major stock markets tumbled on Monday and investors looked for safe places to park their money. Tokyo […]

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This Is the One Thing That Might Save the World From Financial Collapse

As politicians and parliaments struggle with the economic catastrophe brought on by the coronavirus pandemic, central banks have reached for the playbook of the 2008 global financial crisis. They are pumping liquidity into the banking system and trying to prop up key asset markets with large-scale purchases. This is helping to staunch the panic, but […]

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Chinese Copper, Italian Marble: Coronavirus Shipping Delays Hurt Developers

When it comes to obtaining building materials, real estate developers often buy globally, not locally. But as the coronavirus spreads across the world, bringing countries to a standstill, the lack of access to overseas supplies is sending jitters through the construction industry. Delayed so far at large-scale residential and commercial projects have been goods like […]

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How Trump’s Attacks on the Fed Have Made Its Job Harder

WASHINGTON — President Trump has spent two years publicly attacking the Federal Reserve and undercutting its chair, Jerome H. Powell. That animosity is making it difficult for Washington to project a united front as it stares down the most significant economic threat since the Great Recession. The Fed has moved at breakneck speed to try […]

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Its Coronavirus Cases Dwindling, China Turns Focus Outward

BEIJING — China’s leader, Xi Jinping, pledged to send more medical experts to Italy this week, on the same day Beijing sent 2,000 rapid diagnostic tests to the Philippines. Serbia’s president pleaded for assistance not from the country’s neighbors in Europe, which restricted the export of needed medical equipment, but from China. “European solidarity does […]

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There Aren’t Enough Ventilators to Cope With the Coronavirus

As the United States braces for an onslaught of coronavirus cases, hospitals and governments are confronting a grim reality: There are not nearly enough lifesaving ventilator machines to go around, and there is no way to solve the problem before the disease reaches full throttle. Desperate hospitals say they can’t find anywhere to buy the […]

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U.S. Weighs Tariff Relief but Some Fear China Will Take Advantage

WASHINGTON — The coronavirus outbreak is prompting a heated debate among lawmakers and the White House over whether the Trump administration should remove the tariffs it has imposed on China and other nations to provide some economic relief. Supporters of lifting the tariffs, even temporarily, say it would be a simple and immediate way to […]

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The World Needs Masks. China Makes Them — But Has Been Hoarding Them.

SHANGHAI — As hospitals and governments hunt desperately for respirators and surgical masks to protect doctors and nurses from the coronavirus pandemic, they face a difficult reality: The world depends on China to make them, and the country is only beginning to share. China made half the world’s masks before the coronavirus emerged there, and […]

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Markets Plunge. Economies Stall. Panic Spreads. It All Feels Very 2008.

The last time the world seized with panic over an economic catastrophe, those given the job of limiting the damage knew what to do. The global financial crisis of 2008 presented a textbook case of what happens when people lose faith in the banking system all at once. World leaders could rely on lessons gleaned […]

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Can We Stop a Coronavirus Recession?

Whether this week’s collapse of stock and oil prices will spiral into a much deeper economic crisis, perhaps even eclipsing that of 2008, depends on how the United States and other governments react. The United States has now, belatedly, taken drastic actions on travel and announced some support for businesses. But these are too late […]

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Coronavirus Spurs U.S. Efforts to End China’s Chokehold on Drugs

WASHINGTON — The global spread of the coronavirus is reigniting efforts by the Trump administration to encourage more American manufacturing of pharmaceuticals and reduce dependence on China for the drugs and medical products that fuel the federal health care system. The effort includes a push by the White House trade adviser Peter Navarro to tighten […]

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Markets Are Spooked. How Bad Could It Get?

This article is part of the Debatable newsletter. You can sign up here to receive it Tuesdays and Thursdays. Among my age cohort, there is a recurring joke that goes something like this: Millennials are like, can’t lose money in the stock market if you can’t afford to own stocks — Kathryn Watson (@kathrynw5) February […]

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