Economy News

Economy

Bank of Canada Cuts Interest Rates to 3% Amid Economic Support Efforts

The Bank of Canada has cut interest rates by 25 basis points to 3% to support the economy, with GDP growth projected at 1.8% for 2025 and 2026. Despite a rebound in consumer spendi...

Economy

Swiss National Bank Contemplates Negative Interest Rates Amid Economic Challenges

The Swiss National Bank (SNB) is considering the possibility of negative interest rates as a response to economic challenges, as stated by Chairman Martin Schlegel. This move, whil...

Economy

December Sees a 3.6% Surge in US New Home Sales, Signaling Strong Market Momentum

US new home sales in December 2024 showed a 3.6% increase from the previous month and a 6.7% rise year-on-year, with median and average sales prices at $427,000 and $513,600 respec...

Economy

December Sees a 3.6% Surge in US New Home Sales, Marking a Robust End to 2024

US new home sales experienced a 3.6% increase in December 2024, with a 6.7% annual growth. Median and average sales prices were $427,000 and $513,600, respectively, with an 8.5-mon...

Economy

Vietnam and Singapore Achieve Record-Breaking Trade Volume in 2024

Vietnam and Singapore set a new record in bilateral trade for 2024, with Vietnam's exports to Singapore totaling nearly S$8.58 billion, a 30.8% increase. Despite the growth, expert...

Economy

German Business Climate Shows Signs of Recovery in January, Exceeding Expectations

The German business climate improved in January, with the Business Climate Index rising to 85.1, exceeding analysts' expectations. The Current Assessment Index increased, but the E...

Economy

Indonesian Man Faces Charges for Attempting to Deposit $7,400 in Counterfeit Singapore Dollars

Chandra Ahmadyani, an Indonesian man, was arrested for attempting to deposit $7,400 in counterfeit Singapore dollars. He faces charges, with a court hearing set for March 6.

Economy

German Business Morale Brightens in January, Surpassing Analyst Predictions

The German business climate improved in January, with the Business Climate Index rising to 85.1, surpassing analyst expectations. While the Current Assessment Index increased, the ...