Economy News

Economy

South Korea and U.S. Engage in Critical Tariff Talks Amid Rising Trade Tensions

South Korea engages in critical tariff discussions with the U.S. amidst new tariffs on steel and aluminum. Cheong In-kyo, leading the negotiations, emphasizes the importance of str...

Economy

Vietnam's Fruit and Vegetable Exports to the US Surge by 39%: A Closer Look

Vietnam's fruit and vegetable exports to the US surged by 39%, led by coconuts, dragon fruit, mango, and almond. Despite challenges like geographical distance and strict US import ...

Economy

Thailand's Fruit Exports Soar to $6.5 Billion in 2024: A Global Demand Surge

In 2024, Thailand's fruit exports reached $6.5 billion, driven by global demand for its high-quality and unique flavors. China was the main market, but increasing competition and s...

Economy

ECB's Villeroy Warns: Trump's Tariffs Spell Disaster for US Economy and Global Trade

Francois Villeroy de Galhau, ECB Governing Council member, criticizes Trump's tariffs as harmful to the US economy and global trade, highlighting the risks of escalating trade tens...

Economy

US Natural Gas Storage Dips by 62 Bcf: A Significant Weekly Decline

The US natural gas inventories have decreased by 62 Bcf in the week ending March 7, according to the EIA. This marks a significant year-on-year decrease, with total storage now at ...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 220,000

The US job market shows resilience as initial jobless claims drop to 220,000, with the insured unemployment rate holding steady at 1.2%. The 4-week moving average, however, indicat...

Economy

Bank of Korea Considers Additional Rate Cuts to Navigate Housing Market Instability

The Bank of Korea is considering further interest rate cuts to address economic challenges and housing market instability, amidst concerns over rising apartment prices in Seoul and...

Economy

US Natural Gas Storage Drops by 62 Bcf: A Significant Shift in Energy Dynamics

The US has experienced a 62 Bcf decrease in natural gas inventories for the week ending March 7, as reported by the EIA. This marks a significant year-on-year decrease and a notabl...