Economy News

Economy

EU Government Deficits to Narrow Slightly: Dombrovskis Highlights Debt Challenges

Valdis Dombrovskis from the European Commission discusses the forecasted slight narrowing of EU government deficits while warning of rising debt ratios. He stresses the need for gr...

Economy

Political Crisis Threatens to Prolong Korean Won Instability, Says BOK Governor

Bank of Korea Governor Rhee Chang-yong states that the Korean won is unlikely to stabilize soon due to the ongoing political crisis. Financial authorities pledge to mobilize resour...

Economy

Small Business Optimism Reaches Peak: Insights from NFIB November Report

NFIB reports small business optimism reached its highest point since June 2021 in November, with a surge in owners expecting economic improvement and considering expansion.

Economy

EIA Lowers 2025 Oil Price Forecasts: What's Driving the Change?

The EIA has lowered its 2025 forecasts for Brent and WTI oil prices, citing potential inventory buildup. Brent is now expected to average $73.58 per barrel, and WTI $69.12 per barr...

Economy

US Crude Oil Inventories Rise Slightly Less Than Expected

US crude oil inventories increased by 499,000 barrels, slightly less than expected, according to API data. Cushing reserves declined, while gasoline and distillate reserves rose.

Economy

Japan's Producer Prices Surge by 3.7% in November, Outpacing Expectations

Japan's PPI rose 3.7% in November year-on-year, beating expectations. The monthly PPI increased by 0.3%, and export prices grew 0.7% year-on-year, while import prices dropped 2.8%.

Economy

South Korea's Household Loan Growth: A Slowing Trend Amidst Regulatory Measures

South Korea's household loans grew by 5.1 trillion won in November, showing a slower growth rate compared to the previous month. The bank sector's loan growth significantly decline...

Economy

South Korea and AMCHAM Strategize to Attract Foreign Investment Amid Global Trade Shifts

Trade Minister Jeong In-kyo met with AMCHAM to discuss strategies for attracting foreign investment amidst global trade changes. The MOTIE and AMCHAM aim to expand investment, make...