US commerce secretary said that US government has “open lines of communication” with China.

美国商务部长表示,美国政府与中国有“开放的沟通渠道” Raimonda, US commerce secrerary concluded a four-day visit to China, the world’s second largest economic power last week. She is the fourth cabinet member to visit China this year and the first commerce secretary to visit China in five years. She reiterated that culticating the USD 700 billion bilateral relationship is valuable not just…

Gold Showed little reaction to widely expected 0.25% Fed rate hike

Gold Price was moederately higher during US trading Wednesday and only showed little initial reaction to the US central bank raising its main interest rate by 25 basis points. The Federal Reserve’s Open Market Committee (FOMC) said that the US economy is growing moderately in the statement. Traders would like to see if Fed Chair…

The world is big enough for both the United States and China to live together

US Treasury Secretary Janet Yellan said that the talks with Premier Li Qiang and Communist Party chief of China’s central bank Pan Gongsheng was direct, substantive, and productive. Yellen’s trip marked the second visit by a US cabinet offical to the Beijing in a matter of weeks. “No one visit will solve our challenges overnight….

Twitter threatens to sue Meta after the launching of Threads

On the first day of Threads, nearly 30 million user sign-ups on its app and it may send a very clear message that Threads will be a potential direct competitor to Twitter. The letter by Alex Spiro, was sent to Mera CEO Mark Zuckerberg by Twitter that accused the company of trade secret theft through…

The debate over more rate hike at the Fed was intense.

Federal official vigorously discussed if rate hike will be continued or not accordingly to minutes from the most recent meeting. Some Federal officals believed that it would be important to monitor closely the potential effects of banking-sector developments on credit conditions and economic activity. While it is not clear when Federal officials plan to have…

Gold steadies but still heads for a drop

Gold steadies but still heads for first monthly drop Wednesday as the US House of Representatives appeared poised to pass a bill to raise the US debt ceiling. The House is expected to vote Wednesday Evening to raise debt ceiling and leaders of both Republicans and Democrats indicate that the measure has eought votes to…