Economy News

Economy

South Korea's Opposition Party Risks Economic Chaos with Unilateral Budget Cuts

The opposition Democratic Party of Korea is pushing for significant budget cuts, raising economic uncertainty. Deputy Prime Minister Choi Sang-mok met with National Assembly Speake...

Economy

Eurozone Investor Confidence Plummets in December: What's Behind the Decline?

Investor confidence in the Eurozone is expected to decline in December, according to the Sentix report. The overall index is projected to decrease by 4.6 points to negative 17.5, i...

Economy

El Salvador's $1.3B IMF Loan: Bitcoin Reforms and Economic Adjustments

El Salvador is close to securing a $1.3 billion loan agreement with the IMF, subject to Bitcoin reforms and fiscal adjustments. The deal could unlock additional funds from the Worl...

Economy

Optimistic Economic Outlook: Stable Job Market and Inflation Progress

Federal Reserve Bank of Chicago President Austan Goolsbee provided an optimistic outlook on the US economy, emphasizing the cooling labor market and progress towards the 2% inflati...

Economy

Fed's Hammack Signals Potential Slowdown in Rate Cuts Amid Inflation Concerns

Federal Reserve Bank of Cleveland President Beth Hammack suggests the central bank may slow rate reductions due to recent inflation increases. She also comments on the healthy U.S....

Economy

US Oil Rig Count Sees Modest Increase: What Does This Mean for the Industry?

The number of oil rigs in the United States increased by five to 482 in the week ending December 6, according to Baker Hughes. The US gas rig count rose by two to 102, while the to...

Economy

Japan's Economy Shows Modest Growth in Q3, Surpassing Expectations

Japan's GDP grew by 0.3% in Q3, marking a 1.2% yearly increase and surpassing expectations. Private consumption rose 0.7% and domestic demand grew by 0.6%.

Economy

Japan's October BOP Trade Deficit Drops to ¥155.7B: A Closer Look

Japan's BOP trade deficit significantly reduced to ¥155.7 billion in October, compared to ¥315.2 billion in the previous month. Exports rose by 2.9% year-on-year, while imports dec...