Economy News

Economy

Disguised E-cigarettes Flood Online Markets, Targeting Young Customers

E-cigarettes disguised as toys and beverage containers are flooding online markets, primarily targeting young customers. Despite a pending ban and health warnings, sales are rising...

Economy

Japan's Finance Minister Vows to Act Against Erratic Yen Fluctuations

Japan's Finance Minister Katsunobu Kato expresses concern over the recent erratic movements in the foreign exchange markets, vowing to take appropriate action to address excessive ...

Economy

Martial Law Aftermath: Consumer Sentiment Hits 12-Year Low

Consumer sentiment in December has deteriorated to its steepest level since the global financial crisis, with the Composite Consumer Sentiment Index (CCSI) for December falling sha...

Economy

South Korea's Economic Growth Faces Potential Slowdown in 2024, Deputy PM Choi Warns

Deputy PM Choi Sang-mok warns that South Korea's 2024 economic growth may fall below the potential rate of 2.0%, citing risks like slowed exports and political turmoil. The governm...

Economy

Australia's Central Bank Stands Firm on Restrictive Monetary Policy

The Reserve Bank of Australia maintains a restrictive monetary policy to manage inflation, with a cautious approach to future data before considering policy relaxation.

Economy

Bank of Japan Anticipates a Gradual Economic Upturn Amid Cautious Rate Hikes

Bank of Japan's board members advocate for a cautious approach to rate hikes, with future increases contingent on inflation and economic trends meeting expectations. Uncertainties ...

Economy

December Sees Sharp Decline in US Consumer Confidence: What's Behind the Drop?

The Conference Board reports a significant drop in US consumer confidence for December, with the Consumer Confidence Index falling to 104.7 from October's 111.7, missing market exp...

Economy

Proposed Increase in Ministers' Room Rates: A Closer Look

A proposal to increase the room rate cap for deputy ministers to VND1.5 million, up by 25%, and raise civil servants' business allowance by 22% to VND550,000 is under review by gov...