Economy News

Economy

Vietnam's Cashew Exports to the US Skyrocket: A Record $1 Billion in 2024

Vietnam's cashew exports to the US hit a record $1 billion in 2024, marking a 30% increase from the previous year. Despite challenges like reliance on imports and climate change, t...

Economy

South Korea's GDP Growth Forecast for 2025 Adjusted Downward Amid Political Uncertainties

The Bank of Korea has revised its 2025 GDP growth forecast downward to 1.6-1.7%, citing political uncertainty and government budget cuts as key factors. Efforts to stabilize econom...

Economy

South Korea's Economic Outlook Dims: Employment Slump and Rising Pressures Highlighted in Latest Green Book

South Korea faces a significant employment slowdown and increased economic pressures, as highlighted in the latest Green Book. The government shifts its focus towards employment ov...

Economy

Japan's Industrial Production Sees a 2.2% Dip in November, Signaling Economic Challenges Ahead

Japan's industrial production index fell by 2.2% in November, with shipments and inventories also declining, highlighting potential economic challenges. The inventory ratio, howeve...

Economy

China's Central Bank Holds Steady: Key Interest Rates Remain Unchanged Amid Economic Shifts

The People's Bank of China has kept its benchmark interest rates unchanged, with the 1-year and 5-year Loan Prime Rates remaining steady at 3.10% and 3.60%, respectively. This deci...

Economy

Vietnam Surges Ahead in Durian Exports to China, Outpacing Thailand

Vietnam has significantly increased its durian exports to China, with a 50% rise leading to earnings of US$2.9 billion. This growth is attributed to Vietnam's strategic advantages,...

Economy

Perplexity AI Eyes TikTok US Merger: A Bold Move Valued Over $50 Billion

Perplexity AI has proposed a merger with TikTok US, valued over $50 billion, aiming to combine forces with ByteDance and new partners. Despite challenges, the deal could reshape th...

Economy

US Oil Rig Count Dips Slightly: Baker Hughes Reports a Decrease to 478

The latest Baker Hughes report indicates a slight decrease in the US oil rig count to 478, with a significant annual drop of 19 rigs, highlighting the evolving dynamics of the US o...