Economy News

Economy

January Sees a Surprising Uplift in German Business Climate, 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 also increased, whil...

Economy

Christine Lagarde Urges Global Commitment to Central Bank Independence Amid Rising Challenges

ECB President Christine Lagarde stresses the importance of central bank independence for economic stability, warning against political influence that could lead to macroeconomic vo...

Economy

China's Manufacturing Sector Contracts in January: NBS Reports PMI at 49.1

China's manufacturing PMI fell below the neutral mark to 49.1 in January, indicating a contraction in the sector. The non-manufacturing and composite PMI also declined, reflecting ...

Economy

Singapore's Cost-of-Living Support Scheme: 90% of Households Claim $220 Vouchers Amid Economic Challenges

Singapore's CDC Voucher Scheme sees 90% household participation, offering S$220 vouchers to manage living costs and support local businesses affected by the pandemic. Over S$132 mi...

Economy

Vietnam's Rice Exports to Singapore Soar by 28%, Capturing Significant Market Share

Vietnam's rice exports to Singapore surged by 28%, capturing a significant market share. Despite leading in three rice categories, Vietnam was overtaken by India and Thailand due t...

Economy

US Initiates Comprehensive Review of the US-China Trade Agreement Compliance

The United States has begun a compliance review of the US-China trade deal, aiming to ensure adherence to the agreement's terms. This review could significantly impact global trade...

Economy

US Oil Rig Count Drops to 472: A Weekly Decline Amidst Annual Decrease

The US oil rig count decreased by six to 472, marking a 27-rig decline from last year, while the gas rig count slightly increased. Canada's rig count improved, with oil rigs surgin...

Economy

December Sees a 2.2% Surge in US Existing Home Sales, Marking the Highest Since June 2021

US existing home sales rose by 2.2% in December, reaching a seasonally adjusted annual rate of 4.38 million, the highest since June 2021, indicating a strong recovery in the housin...