Economy News

Economy

Vietnam's Shrimp Exports Poised to Bounce Back to $4 Billion in 2024

Vietnam's shrimp export industry is set to reach $4 billion in 2024, marking a strong recovery from 2023. Growth in key markets and the shift towards higher value-added products ar...

Economy

US 10-Year Yield Surges Past 3-Month for the First Time in Over a Year

The US 10-year Treasury note yield surpassed the 3-month yield for the first time since November 2022, signaling potential Federal Reserve rate cuts and renewed confidence in long-...

Economy

Bank of Japan Delays Rate Hike Amid Economic Uncertainty

The Bank of Japan is expected to skip a December rate hike due to economic uncertainties, including US tariff strategies and upcoming wage hikes in Japan.

Economy

ECB Signals Gradual Rate Cuts Towards 2% Amid Eurozone Stability

Mario Centeno from ECB's Governing Council suggests gradual rate cuts towards 2% in coming quarters, maintaining a restrictive monetary policy stance.

Economy

ECB's Gabriel Makhlouf Advocates for Gradual Interest Rate Cuts Amid Persistent Inflation Concerns

ECB's Gabriel Makhlouf supports gradual interest rate reductions despite persistent high inflation components, emphasizing the ECB's commitment to its 2% inflation target.

Economy

Singapore's Youngest Billionaire Expands His Empire to Abu Dhabi

Singapore's youngest billionaire, Kishin RK, establishes a family office in Abu Dhabi, aiming to expand investments in the UAE and Middle East while maintaining strong ties to Sing...

Economy

Spain's Consistent Inflation at 2.4% Celebrated by ECB's Escriva

ECB's Jose Escriva praises Spain's inflation consistency at 2.4%, highlighting the success of economic decisions and the stability of citizens' purchasing power.

Economy

ECB's Vasle Optimistic About Declining Services Inflation

ECB's Bostjan Vasle explains the decision to reduce interest rates due to declining services inflation, noting its moderation and the potential for Eurozone economic growth.