Economy News

Economy

ECB's Cipollone Unveils Plans for Inclusive Digital Euro Accessible to All Europeans

ECB's Piero Cipollone announces the digital euro will be accessible to all citizens, emphasizing inclusive design with features like voice commands and large-font displays to ensur...

Economy

Fed's Beige Book Reveals Economic Uncertainty as Tariffs Impact Prices and Hiring

The Federal Reserve's Beige Book shows U.S. economic activity largely unchanged with modest growth in four districts. Employment remains stagnant with hiring hesitation, while pric...

Economy

U.S. Oil Inventories Surge: Crude Up 622K Barrels, Gasoline and Distillates See Sharp Declines

U.S. crude oil inventories rose by 622,000 barrels in late August, while distillate and gasoline stocks fell sharply. Cushing reserves increased significantly, per API data.

Economy

Australia's Trade Surplus Soars to $7.31 Billion in July, Exceeding Expectations with Strong Export Growth

Australia's trade surplus surged to 7.31 billion Australian dollars in July, exceeding expectations and up from 5.37 billion in June. Exports rose 3.3% driven by non-rural goods, w...

Economy

Japan's Prime Minister Advocates for Urgent Ukraine Ceasefire Following US-Ukraine Summit

Japan's Prime Minister Fumio Ishiba urges for an immediate ceasefire in Ukraine following the US-Ukraine summit, emphasizing the need for swift action to resolve the conflict and d...

Economy

August Sees a Dip in US Builder Confidence Amid Rising Mortgage Rates and Supply Challenges

US builder confidence for newly built single-family homes slightly decreased in August, marking 16 consecutive months of negative sentiment due to high mortgage rates and supply ch...

Economy

Vietnam's Rice Market in Crisis as Philippines Import Freeze Triggers Price Plunge

Vietnam's rice industry faces significant challenges as the Philippines suspends imports, leading to price drops and market disruptions. Traders and exporters are seeking new marke...

Economy

South Korean Government Vows Enhanced Support for Exporters Amid U.S. Steel and Aluminum Tariffs Expansion

The South Korean government announces enhanced support for exporters as the U.S. expands tariffs on steel and aluminum products, affecting over 1,000 items and key exports.