Economy News

Economy

South Korea's Economic Stability Persists Despite Political Unrest

Deputy Prime Minister Choi Sang-mok held virtual meetings with credit rating agencies to prevent a downgrade due to political turmoil. The agencies agreed that Korea's economy rema...

Economy

December Sees Uplift in British Consumer Confidence: GfK Report

GfK report reveals a positive shift in British consumer sentiment during December, potentially signaling a boost in consumer spending and economic activity.

Economy

US Natural Gas Stockpiles Drop Significantly, EIA Reports

The EIA reports a significant drop in US natural gas inventories, decreasing by 190 billion cubic feet. Current stockpiles are 165 billion cubic feet above the five-year average.

Economy

South Korea Boosts Export Insurance to Support Defense and SMEs Amid K-Defense Surge

South Korea's government increases trade insurance limit by 10 trillion won to support defense industry and SMEs. This move aims to bolster export capabilities amidst a surge in th...

Economy

ECB's Lagarde Casts Doubt on 50 Bps Rate Cut in January

ECB President Christine Lagarde doubts a 50 bps rate cut in January, stating her position could change based on future data and assessments. She emphasized the need for clarity on ...

Economy

NATO Secretary General Urges Wartime Mindset Amid Global Security Crisis

NATO Secretary General Mark Rutte calls for a wartime mindset, accelerating defense production, and bolstering collective resolve amid the worst global security situation in his li...

Economy

US Producer Prices Surge by 0.4% in November: Key Insights

The US Producer Price Index (PPI) increased by 0.4% in November, marking a 3% rise over the past 12 months. The index for final demand services and goods also saw notable increases...

Economy

US Jobless Claims Surge: A Closer Look at the Latest Employment Data

The Department of Labor reports a significant increase in US initial jobless claims, reaching 242,000 and surpassing analysts' forecasts. The four-week moving average also climbed,...