Workers at two Chevron Corp.-operated liquefied natural gas export plants in Australia are threatening to begin strike action next week, ratcheting up pressure on negotiations and putting global energy supply at risk.
The one commodity that should be getting hammered by China’s worsening property crisis is actually doing rather well.
South Korean authorities are seeking the smallest increase in government spending in almost two decades for next year, as President Yoon Suk Yeol exerts fiscal restraint following years of pandemic stimulus.
The Japanese government highlighted progress toward stamping out deflation after battling it for a quarter century, and urged close cooperation with the Bank of Japan in its latest annual white paper on the economy.
New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won’t be imposed until 2025.
China’s economic outlook is showing no signs of improvement, with forecasters broadly trimming their expectations for growth, prices and trade and predicting more monetary policy easing.
Traders are betting on short-term relief for China’s offshore currency, even as global investors predict mounting economic stress will drive the yuan to historic lows.
A trip by Argentina’s economy minister and presidential candidate Sergio Massa to Brasilia ended without agreement on a plan that Brazil had pitched to guarantee its exports to the neighboring country.
Google will likely be off the hook for paying damages to 21 million users who claim in an antitrust lawsuit they were overcharged in the company’s app marketplace as a federal judge retracted a ruling that gave them class-action status.
Japan’s unemployment rate rose for the first time in four months in July, while a gauge of labor demand weakened a tad, in a pair of worrisome signals for both the Bank of Japan and the government.
