Economy News

Economy

South Korea's Fiscal Health in Focus: Budget Deficit Narrows to 54.2 Trillion Won by May

South Korea's budget deficit for January to May improved to 54.2 trillion won, showing a significant recovery from the previous year. Revenue increases and controlled expenditures ...

Economy

Japan's Producer Prices Show a 2.9% Annual Rise in June, Reflecting Economic Trends

Japan's Producer Price Index rose by 2.9% in June year-on-year, matching expectations but slowing from May's 3.2%. Monthly PPI fell by 0.2%, with export prices down 1.6% annually a...

Economy

Japan Affirms the Unshaken Dominance of the US Dollar as the World's Primary Reserve Currency

Japan's Economic Revitalization Minister, Ryosei Akazawa, reaffirms the US dollar's position as the leading global reserve currency, ruling out a repeat of the 1985 Plaza Accord an...

Economy

Federal Reserve Signals Potential Rate Cuts Amid Tariff Uncertainties and Inflation Control

Federal Reserve officials at their June meeting signaled potential interest rate cuts later this year, citing moderating inflation and economic growth, while also noting the inflat...

Economy

Trump Unveils New Tariffs, Criticizes Global Trade Practices and Ukraine War

US President Donald Trump announces new tariffs targeting countries with unfair trade practices, criticizes Brazil, and condemns the Ukraine war, calling for its end due to high ca...

Economy

Vietnam's Aviation Industry Soars: A Remarkable Recovery and Strategic Expansions

Vietnam's aviation industry is experiencing a robust recovery, with significant growth in international passenger numbers and strategic expansions by local and foreign airlines, pa...

Economy

Surge in US Mortgage Applications: A 9.4% Jump Signals Robust Housing Market Revival

Mortgage applications in the US jumped by 9.4% in early July, signaling a strong housing market recovery. Key indexes and expert insights reveal growing demand fueled by inventory ...

Economy

ECB's Strategic Rate Cut Aims to Stabilize Inflation Amid Global Uncertainties

ECB Chief Economist Philip Lane discusses the impact of the recent rate cut on inflation and emphasizes a data-dependent approach to future monetary policy decisions.