The idea of introducing or increasing tax rates for society's wealthiest has been floated by economists as the long-term impact of the Covid-19 pandemic becomes more apparent.
The price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic is truly at its bottom, according to Longview Economics.
China could find itself having to write off massive loans as countries that owe Beijing money under its massive infrastructure project struggle with mounting debts.
Russia has reported more than 11,000 new coronavirus cases Monday while India reported 4,213 new cases in the last 24 hours; both are record daily rises.
Hundreds of riot police were deployed to disperse the protesters on Sunday, with some members of the media caught up in the chaos that evoked memories of the sometimes violent unrest that rocked the global financial hub last year.
Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing in Beijing that China deplores and rejects the U.S. move, which Zhao called an escalation of suppression against Chinese media.
Investors continue to watch for developments on the coronavirus front amid hopes of global economies reopening as social distancing measures are eased.
The Center for Strategic and International Studies projected that exports of U.S. goods to China could come in at only $60 billion for the entire 2020 — much lower than what's outlined in the "phase one" trade deal.
The world's largest oil exporter is suffering from slumping prices, while at the same time measures to fight the new coronavirus are likely to curb the pace and scale of economic reforms launched by Crown Price Mohammed bin Salman.