Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

SYDNEY—Inflation pressures across Australia’s economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia. “Domestically sourced inflation, in particular, services price inflation, has been widespread and slow to decline,” she said in a speech to a conference of financial … Read more

China’s Middle East Clout Has Limits

For most of the past decade, China’s story in the Middle East has been straightforward: endlessly rising investment, trade and influence. Having brokered a return to diplomatic relations between Saudi Arabia and Iran earlier this year and given its strong economic relationship with Israel, China has also found itself in the spotlight as the conflict … Read more

Biden Keeps the Billions Flowing to Iran

Updated Nov. 10, 2023 6:50 pm ET You’d think the Biden Administration would have realized by now that enriching the Iranian regime is a dangerous mistake. You’d be wrong. Relaxed U.S. enforcement of oil sanctions continued through October, refilling Supreme Leader Ali Khamenei’s coffers even after the Oct. 7 slaughter and the more than 40 … Read more

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Unit of Industrial and Commercial Bank of China remains unplugged for U.S. markets.

Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured

The S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after … Read more

China’s Consumer Prices Fell in October

China’s consumer prices fell in October, signaling weakness in domestic demand, according to official data. The consumer-price index fell 0.2% in October from a year earlier after staying flat in September, the National Bureau of Statistics said Thursday. A Wall Street Journal poll of economists had tipped a 0.1% decrease. Copyright ©2023 Dow Jones & … Read more

Coloradans Turn Down a Tax Grab

Republicans had little to cheer on Tuesday (see nearby), but one electoral silver lining came in a Democratic-controlled state. Coloradans delivered a victory for limited government by rejecting Gov. Jared Polis’s deceptive tax grab. Voters delivered a clear verdict on Proposition HH, a ballot measure that would have raised the caps on what the statehouse … Read more

Russia Turns to Longtime Arms Customers to Boost War Arsenal 

Listen to article (2 minutes) Russia has sought to retrieve parts from defense systems it had exported to countries such as Pakistan, Egypt, Belarus and Brazil, as it tries to replenish the enormous stocks of weapons being expended for the war in Ukraine. Last April, a delegation of Russian officials visiting Cairo asked Egyptian President … Read more

China’s Exports Tumble Again in Fresh Sign of Economic Trouble

Updated Nov. 7, 2023 3:38 am ET SINGAPORE—China’s exports fell for the sixth straight month, adding to pressure on Beijing to boost spending at home as a big rise in global interest rates and wars in Ukraine and the Middle East weigh on the world economy. The figures add to signs the Chinese economy is … Read more

German Manufacturing Orders Rose Ahead of Expectations in September

Updated Nov. 6, 2023 3:03 am ET New orders at German factories rose slightly in September, beating expectations. Manufacturing orders were 0.2% higher than a month before, according to seasonally and calendar adjusted-data released Monday by German statistics office Destatis. Orders had been expected to slip 1.5%, according to economists polled by The Wall Street … Read more