Economy News

Economy

China's Retail Sector Surges: March Sales Jump 5.9%, Outpacing Expectations

China's retail sales experienced a significant 5.9% increase in March, exceeding analysts' expectations and indicating a strong performance in the retail sector. The growth was 1.9...

Economy

China's Industrial Production Surges to 7.7% in March, Signaling Economic Resilience

China's industrial production experienced a notable increase of 7.7% in March, highlighting the country's economic resilience and recovery. This growth is a key indicator of China'...

Economy

US Crude Oil Inventories Surge by 2.4 Million Barrels, Signaling a Shift in Energy Markets

The latest API report reveals a 2.4 million barrel increase in US crude oil inventories for the week ending April 11, alongside decreases in Cushing reserves and significant drops ...

Economy

Fitch Warns: US Corporate Sector Faces Growing Risks of Trade Retaliation Amid Tariff Suspensions

Fitch Ratings warns of ongoing risks to the US corporate sector from trade partner retaliation, despite a temporary tariff suspension. Tensions with China remain high, affecting se...

Economy

Sharp Decline in German Economic Sentiment Sparks Concerns Over US Trade Policy Impact

Germany's economic sentiment indicator sharply declined to negative 14 in April, influenced by unpredictable US trade policies, with the Eurozone also experiencing a downturn.

Economy

Canada's Inflation Rate Dips to 2.3% in March, Surprising Economists with a Steeper Decline

Canada's inflation rate unexpectedly dropped to 2.3% in March, below February's 2.6%, due to lower prices in travel tours and gasoline. Monthly CPI rose by 0.3%.

Economy

Canada Announces Six-Month Tariff Relief for US Goods to Boost Manufacturing and Healthcare

Canada introduces a six-month tariff relief for US goods used in manufacturing and essential sectors, alongside a new framework to support automakers, aiming to strengthen economic...

Economy

EIA Forecasts Brent Crude to Hit $91 per Barrel by 2050 Amid Shifting Energy Consumption Trends

The EIA predicts Brent crude prices will rise to $91 per barrel by 2050, with WTI reaching $89. US energy consumption is expected to decline before rising again in the 2040s, yet r...