South Korea's economic policies are stalled by an impeachment crisis and budget cuts, particularly affecting support for semiconductors, AI, and nuclear power projects. Experts str...
The European Commission plans to issue up to €90 billion in bonds in the first half of 2025 to support the EU's recovery from the pandemic, strengthen its economy, and aid neighbou...
The Mortgage Bankers Association reports a 5.4% increase in US mortgage applications, driven by a surge in refinance activity and a slight drop in interest rates. VA refinance appl...
OPEC maintains its 2024 global GDP forecast at 3.1%, unchanged from previous predictions. The US, Eurozone, China, and Russia's economic growth forecasts are also discussed, showin...
OPEC has revised its global oil demand growth forecast for 2024 to 1.6 million barrels per day, down from 1.8 million. Total world oil demand is expected to reach 105.5 million bar...
The EIA reports a 1.4 million barrel drop in US commercial crude oil inventories to 422 million barrels, 6 million below the five-year average. Refinery inputs and crude oil import...
The Bank of Canada has reduced its policy rate by 50 basis points to 3.25%, citing inflation concerns and softer growth data. The central bank remains committed to maintaining pric...
The US annual inflation rate reached 2.7% in November, matching expectations with a 0.3% monthly CPI growth. Energy prices remained stable, while food and core CPI showed slight in...
