Economy News

Economy

South Korea's Corporate Succession Crisis: KCCI Proposes Bold Inheritance Tax Reforms

The Korea Chamber of Commerce and Industry proposes inheritance tax reforms to ease corporate succession burdens, suggesting a shift towards capital gains tax and deferred payments...

Economy

Investors Flock to US 30-Year Bonds as Yields Dip Below Expectations, Signaling Strong Market Confidence

The US Treasury's 30-year bond auction saw yields lower than expected at 4.813%, with a strong bid-to-cover ratio of 2.43, indicating robust investor demand amidst market volatilit...

Economy

Trump Claims Ignorance on Market Plunge Amid Tariff Announcement Fallout

President Donald Trump claims unawareness of the day's market plunge during a cabinet meeting, as Treasury Secretary Scott Bessent downplays concerns with positive economic indicat...

Economy

Yellen Criticizes Trump's Tariffs as a Major Self-Inflicted Blow to US Economy

Former Treasury Secretary Janet Yellen criticizes President Trump's tariffs as a severe self-inflicted wound to the US economy, warning of increased recession risks due to these po...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports a 57 Bcf increase in US natural gas inventories for the week ending April 4, totaling 1,830 Bcf. Despite a yearly decrease, levels remain within the five-year histo...

Economy

Fed's Bowman Advocates for Customized Bank Supervision to Mitigate Financial Risks

Federal Reserve Governor Michelle Bowman testified on the need for a tailored approach to bank supervision, focusing on core financial risks. Appointed as Vice Chair of Supervision...

Economy

Federal Reserve's Bowman Highlights Uncertainty Over Trump Tariffs' Economic Impact

Federal Reserve Governor Michelle Bowman discusses the uncertain economic impact of Trump's tariffs, citing strong growth and low unemployment but acknowledging the unpredictabilit...

Economy

EU and UAE Set to Explore New Horizons with Free Trade Agreement Talks

The European Commission and the UAE have agreed to start free trade negotiations, aiming to expand trade in goods, services, and investments while fostering collaboration in renewa...