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China's parliament rolls out economic, political blue-print; here's what you need to know
March 5 (Reuters) - China's political elite gathered in Beijing on Thursday as President Xi Jinping unveiled a sweeping roadmap for the country’s economic and political future, delivered against a backdrop of sharpening tech competition with Washington and mounting geopolitical friction. The ...Reuters
Thu, Mar 5
ECB’s Villeroy: The duration of Iran war will determine impact on prices
European Central Bank (ECB) Governing Council (GC) members and Bank of France Governor, François Villeroy de Galhau, assures investors that the central bank is closely tracking energy prices and markets amid the war in the Middle East in his comments during European trading hours on Thursday.
Fxstreet
Thu, Mar 5
TREASURIES-US bonds tumble as oil price surge rekindles inflation fears
SINGAPORE, March 5 (Reuters) - A steep selloff in U.S. Treasuries extended into a fourth straight day on Thursday, as investors fretted that surging energy prices from the war in the Middle East could stoke inflation and derail the Federal Reserve's rate outlook.The benchmark 10-year U.S. Treasu...Reuters
Thu, Mar 5
China Five-Year Plan: Steps up tech, energy and decarbonisation efforts
China's 15th Five-Year Plan (2026–2030) was officially submitted for review to the National People's Congress (NPC) on Thursday. This strategic blueprint marks a critical shift toward "high-quality development" and technological self-reliance to navigate a more volatile global environment.
Fxstreet
Thu, Mar 5
Asian stocks recover strongly after Middle East war-led bloodbath, KOSPI leads
Asian stock markets recover significantly on Thursday after facing a bloodbath in the last three trading days. The strong recovery move in equity markets from the largest continent seems to be backed by the arrival of significant value bets after plunging due to the war in the Middle East.Fxstreet
Thu, Mar 5
Malaysia announces measures to safeguard its exports amid Middle East conflict
KUALA LUMPUR, March 5 (Reuters) - Malaysia's trade agency announced measures on Thursday to safeguard the country's exports amid rising geopolitical tensions arising from the military conflict in the Middle East.The agency is actively encouraging Malaysian exporters to reroute and diversify,...Reuters
Thu, Mar 5
China's 2026 GDP target will help cope with uncertainties, official says
BEIJING, March 5 (Reuters) - China's 2026 economic growth target of 4.5% to 5% is achievable and will help it cope with uncertainties, cabinet research head Shen Danyang told a press conference on Thursday, after the government unveiled key goals."This year, the external environment for Chin...Reuters
Thu, Mar 5
China, in key document, vows to 'seize commanding heights' of frontier tech
BEIJING, March 5 (Reuters) - China vowed to "seize the commanding heights of science and technological development" in a new five-year economic and industrial blueprint released on Thursday which lays out its ambitions to dominate the emerging industries of the future.The 141-page document a...Reuters
Thu, Mar 5
China boosts defence spending 7% in drive to modernise by 2035
China defence budget to rise 7%, lowest rate since 2021China pledges development of "advanced combat capabilities"Premier reiterates goal of "reunification" with TaiwanBy Greg Torode and Ben Blanchard HONG KONG/TAIPEI, March 5 (Reuters) - China will boost defence spending by 7% in...Reuters
Thu, Mar 5
China says it is the world leader in R&D for AI, vows to boost tech self-reliance
China says it also leads in R&D for biomedicine, robots and quantum tech Future industries it will nurture include humanoid robots, 6GPledges to boost chip and aerospace industriesBy Laurie Chen and Eduardo BaptistaBEIJING, March 5 (Reuters) - China declared on Thursday that it was now the world...Reuters
Thu, Mar 5
Australian Dollar declines to near 0.7050 as trade surplus narrows in January
The AUD/USD pair attracts some sellers to around 0.7065 during the Asian trading hours on Thursday. The Australian Dollar (AUD) weakens against the US Dollar (USD) as Australia's trade surplus narrows unexpectedly in January.Fxstreet
Thu, Mar 5
China sets 2026 growth target at 4.5%–5% vs. 5% hit last year
In an annual report presented by Premier Li Qiang at the opening session of this year's meeting of the National People's Congress (NPC) on Thursday, China set its 2026 economic growth target at 4.5%-5%, slightly lower than the 5% pace achieved last year.Fxstreet
Thu, Mar 5
