Economy News

Economy

China's Central Bank Maintains Steady Key Interest Rates: What's the Impact?

The People's Bank of China (PBoC) has maintained its key interest rates, with the one-year Loan Prime Rate (LPR) at 3.1% and the five-year LPR at 3.6%, aligning with analysts' expe...

Economy

China's Billionaires See First Wealth Growth in Four Years

China's top billionaires have seen their combined wealth grow by 16% to US$809.6 billion, marking the first growth in four years. Key gainers include Pony Ma and Lei Jun, while the...

Economy

Japan's Inflation Surges to 2.9%: What's Driving the Increase?

Japan's annual inflation rate rose to 2.9% in November, up from 2.3% in October, according to the Statistics Bureau of Japan. The consumer price index excluding fresh food and ener...

Economy

IMF Endorses US Rate Cut Amid Economic Challenges and Supports Syria's Recovery

The IMF supports the Federal Reserve's interest rate cut, citing appropriate measures amid economic challenges. It also discusses its commitment to Syria's recovery and a $1.1 bill...

Economy

US Natural Gas Inventories Drop Significantly: EIA Report Highlights

The EIA reports a 125 Bcf drop in US natural gas inventories to 3,622 Bcf, 20 Bcf higher year-on-year and 132 Bcf above the five-year average, all within historical range.

Economy

November Sees Surge in US Existing Home Sales, Up 4.8%

The National Association of Realtors reports a 4.8% increase in US existing home sales in November, reaching an annual rate of 4.15 million homes, up 6.1% year-on-year.

Economy

US Jobless Claims Drop Sharply: What Does It Mean for the Economy?

US jobless claims dropped by 22,000 to 220,000 in the week ending December 14, indicating a potential strengthening in the job market. The 4-week moving average increased to 225,50...

Economy

US Economy Surges: Q3 GDP Growth Revised Up to 3.1%

The US real GDP grew at an annual rate of 3.1% in Q3 2024, revised upward from 2.8%. The growth was driven by increased exports, consumer spending, and federal government spending,...