President Donald Trump says China has agreed to buy oil from the United States amid disruptions in oil transit through the Strait of Hormuz."We're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," he said in an interview with Fox News ahead of concluding his state visit to China."It's the one thing they really need - energy. We have unlimited energy," the president tol...
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.