Economy News

Economy

Corporate Dollar Reserves Surge as Trump's Policies Fuel Market Uncertainty

Following President Trump's inauguration, corporate foreign currency deposits surged by over $3.1 billion, driven by market uncertainties. The Bank of Korea reports a significant r...

Economy

Trump Considers Imposing 25% Tariffs on Mexico and Canada to Combat Fentanyl Crisis

President Trump announces plans to impose 25% tariffs on Mexico and Canada to combat the fentanyl crisis, aiming to curb drug trafficking and illegal crossings, with potential sign...

Economy

Fitch Predicts High and Volatile EU Gas Prices by 2025: What's Driving the Surge?

Fitch Ratings forecasts high and volatile natural gas prices in Europe by 2025 due to a tight market, influenced by cold weather, increased LNG demand, and halted Russian gas impor...

Economy

Trump's First Day: No Tariffs but a Focus on Trade Policy Overhaul

On his first day in office, President-elect Donald Trump will focus on reviewing existing trade policies and assessing trade relationships with China, Mexico, and Canada, rather th...

Economy

Singapore Announces US$220 Cash Bonus for Eligible Senior Citizens to Boost Financial Security

Singapore introduces a US$220 cash bonus for senior citizens under the Assurance Package Seniors’ Bonus, aimed at those with limited property and income. This initiative, part of a...

Economy

Eurozone Construction Sector Sees a 1.2% Growth in November, Signaling Economic Resilience

The Eurozone's construction sector showed a 1.2% increase in November 2024, with the EU also recording a 1.3% rise. Specialized construction activities led the growth, signaling ec...

Economy

December Sees Stability in Swiss Producer and Import Prices: A Detailed Analysis

The Swiss Producer and Import Price Index remained unchanged in December, with specific sectors like cocoa and chocolate products seeing notable increases. Annual comparisons revea...

Economy

Germany's Producer Prices See a 0.8% Rise in December: A Closer Look at the Numbers

German producer prices increased by 0.8% in December, marking the second consecutive annual rise since June 2023. Capital goods and machinery costs saw significant increases, while...