Economy News

Economy

China's Trade Surplus Hits Record High in November: What's Behind the Surge?

China's trade surplus reached a record high of $97.44 billion in November, up from $95.27 billion in October, surpassing market expectations. Exports grew by 6.7% in dollar terms, ...

Economy

RBA Maintains Steady Rates, Softens Policy Tone Amid Inflation Confidence

The Reserve Bank of Australia (RBA) has decided to keep its interest rates steady, maintaining the cash rate at 4.35% and the interest rate on Exchange Settlement balances at 4.25%...

Economy

President Xi Calls for US Cooperation to Avoid Trade War 'No Winners'

Chinese President Xi Jinping emphasized the importance of cooperation between China and the United States, stating that trade, tariff, and sci-tech wars would bring no winners. Xi ...

Economy

Elon Musk Advocates for Reevaluating Tax Benefits for Nonprofit NGOs

Elon Musk recently suggested that tax advantages for nonprofit NGOs should be reconsidered, responding to a post critical of the sector's growth. He supported revisiting current no...

Economy

Optimistic Outlook: US Job Market Stabilizes, Inflation Nears 2% Target

Federal Reserve Bank of Chicago President Austan Goolsbee provided an optimistic outlook on the US economy, emphasizing the stability and balance in the labor market and progress t...

Economy

Austan Goolsbee Warns: Crypto Assets Pose Stability Risks Despite Limited Economic Impact

Federal Reserve Bank of Chicago President Austan Goolsbee discusses cryptocurrency's limited macroeconomic impact and speculative nature, warning against linking volatile crypto as...

Economy

US Oil Rig Count Sees Modest Rise: What's Driving the Trend?

The US oil rig count increased by five to 482 in the week ending December 6, according to Baker Hughes. The gas rig count rose by two to 102, while the total rig count in the US re...

Economy

Japan's Economy Shows Positive Growth in Q3: A Detailed Analysis

Japan's GDP grew by 0.3% in Q3 compared to Q2, with a 1.2% yearly increase. Private consumption rose 0.7% and domestic demand grew by 0.6%, indicating a strengthening economy.