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Raimondo's trip offers pathway toward harmonious ties

U.S. Commerce Secretary Gina Raimondo met with at least three senior Chinese officials including Premier Li Qiang, Minister of Commerce Wang Wentao, and Minister of Cul

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Fitch downgrade reflects economic reality

The U.S. market reacted strongly to the Fitch rating agency downgrade but the market has the attention span of a goldfish, so the impact will probably be short-lived. A

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Kerry arrives in Beijing for bilateral climate talks with COP28 on his agenda

U.S. Special Presidential Envoy for Climate John Kerry arrived in Beijing on Sunday, for four-day bilateral talks on the two countries' cooperation on climate change.Ke

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APD | Weekly top 10 hot news (Jul 8- Jul 14)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | Chinese finance mini

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Chinese finance minister, U.S. treasury secretary had exchanges on fiscal policies

Chinese Minister of Finance Liu Kun met with U.S. Treasury Secretary Janet Yellen in Beijing on Saturday night. They had exchanges on the macroeconomic situation of the

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Biden signs bill to raise U.S. debt limit

U.S. President Joe Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday afternoon to avoid a historic default on government debt.The bipartisan act s

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Biden signs bill to raise U.S. debt limit

U.S. President Joe Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday afternoon to avoid a historic default on government debt.The bipartisan act s

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McCarthy announces tentative debt limit deal with White House

Speaker Kevin McCarthy announced at a brief presser on Saturday night that House Republicans and the White House have reached a tentative deal to raise the federal gove

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Biden says debt default deal ‘very close’ while deadline now set at June 5

President Joe Biden said a deal to resolve the government’s debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic def

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U.S. default looms as debt agreement fails

U.S. President Joe Biden and House Speaker Kevin McCarthy failed to reach an agreement on the debt ceiling on Monday, U.S. media reported. Biden said their talks were "

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APD | Weekly top 10 hot news (May 20- May 26)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | UN chief calls for '

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G7 finance chiefs caution economic outlook as U.S. debt crisis looms

Finance leaders of the Group of Seven (G7) nations warn about the U.S. debt crisis and urge caution amid mounting global economic uncertainty in a three-day meeting end

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5 policy areas where Trump broke ground -- or evaded -- in CNN town hall

Former President Donald Trump's town hall on CNN Wednesday featured no shortage of theatrics, from calling moderator Kaitlin Collins "nasty" to sparking laughs from a s

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Scalise calls for Biden to 'get off the sidelines' for debt ceiling talks

House Majority Leader Steve Scalise on Sunday urged President Joe Biden to negotiate with Speaker Kevin McCarthy amid the threat of political brinkmanship over raising

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UBS to take over Credit Suisse

willworth biggest bank UBS will take over Credit Suisse for 3.25 billion as part of an effort to restore trust in the global banking system the Swiss government said.

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The U.S. reaches it's debt ceiling

The U.S. government has hit its borrowing limit, known as the debt ceiling.The U.S. Treasury is moving money around to keep the government from defaulting, says Treasur

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APD | Weekly top 10 hot news (July.02- July.08)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | UK's Northern Irelan