logo
US-China Truce 'Dramatically' Reduces Recession Odds: Lazar

US-China Truce 'Dramatically' Reduces Recession Odds: Lazar

Bloomberg12-05-2025

Nancy Lazar, chief global economist at Piper Sandler, talks the economic impact of the temporary trade truce between the US and China and why she's taking an optimistic outlook on tariff negotiations (Source: Bloomberg)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold Advances on Middle East Tensions and Trump's Tariff Pledge
Gold Advances on Middle East Tensions and Trump's Tariff Pledge

Yahoo

time24 minutes ago

  • Yahoo

Gold Advances on Middle East Tensions and Trump's Tariff Pledge

(Bloomberg) -- Gold gained for a second day on increased tensions in the Middle East, with its haven status also supported by President Donald Trump's comments that he will inform trading partners on tariff rates within two weeks. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Bullion rose as much as 0.6% to around $3,373 an ounce, extending a 1% gain from the earlier session when it was also boosted by a declining dollar. Buying interest increased after the US ordered some embassy staff to depart Baghdad and allowed military families to leave the Middle East, after Iran threatened to attack US bases if talks over its nuclear program fell through. Separately, Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies. The president also said a trade framework with China has been completed, with levies between the two largest economies to be maintained at their current levels. Uncertainties over global trade tensions and heightened geopolitical risks have rattled markets this year, boosting gold's allure as a store of value in turbulent times and powering a year-to-date advance of 28%. The precious metal, which reached an all-time high in April, has also been supported by increased central-bank buying. Spot gold was up 0.3% to $3,364.43 as of 7:59 a.m. Singapore time. The Bloomberg Dollar Spot Index was steady after falling 0.4% on Wednesday. Silver, platinum and palladium all gained. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again ©2025 Bloomberg L.P.

China Gets First Private Builder Dollar Bond Offering in Years
China Gets First Private Builder Dollar Bond Offering in Years

Bloomberg

time28 minutes ago

  • Bloomberg

China Gets First Private Builder Dollar Bond Offering in Years

Seazen Group Ltd., one of the few major private-sector Chinese developers yet to default, started marketing a dollar bond that would be the first of its kind in more than two years. Once ranked among China's top 10 developers by contracted sales, the company set the initial price target for the three-year notes in the 13.25% yield to put area, a person familiar with the matter said. If successfully priced, it would be the first privately owned local builder to tap the publicly syndicated US-currency bond market since early 2023. The securities can be called and put after two years.

Couche-Tard Sees ‘Clear Path' to Seven & i Deal With US Stores Divestment
Couche-Tard Sees ‘Clear Path' to Seven & i Deal With US Stores Divestment

Bloomberg

time29 minutes ago

  • Bloomberg

Couche-Tard Sees ‘Clear Path' to Seven & i Deal With US Stores Divestment

Alimentation Couche-Tard Inc. said several potential buyers have made proposals to acquire convenience stores in the US that overlap with Seven & i Holdings Co., showing progress toward a deal that could help the Canadian retailer win regulatory approval for its proposal to buy its Japanese rival. The two agreed earlier this year to discuss the potential divestment of more than 2,000 stores in the US and seek out interested parties in order to address concerns by Seven & i over a merger being blocked by the US Federal Trade Commission. Couche-Tard also pushed back against any parallels to the failed $24.6 billion merger of grocery chains Kroger Co. and Albertsons Cos.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store