Economy News

Economy

Goolsbee Warns: Crypto Assets Lack Economic Impact, Pose Stability Risks

Federal Reserve Bank of Chicago President Austan Goolsbee discusses cryptocurrency, highlighting its limited macroeconomic impact and speculative nature. He warns against linking v...

Economy

Japan's BOP Trade Deficit Narrows to ¥155.7B in October

Japan's trade deficit on a balance of payments basis improved to ¥155.7 billion in October, down from ¥315.2 billion in the previous month. Exports rose by 2.9% year-on-year, while...

Economy

China's 2025 Economic Strategy: Looser Monetary Policy and Enhanced Fiscal Support

China's Politburo has announced plans to adopt a "moderately loose" monetary policy and a more proactive fiscal approach in 2025, aiming to boost economic consumption and stabilize...

Economy

Japan's Economy Shows Encouraging Growth in Q3, Surpassing Expectations

Japan's GDP grew by 0.3% in Q3 compared to Q2, with a 1.2% annual increase, surpassing expectations. The growth was driven by a 0.7% rise in private consumption and a 0.6% increase...

Economy

China's Inflation Rate Dips to 0.2% in November, Raising Economic Concerns

China's annual inflation rate came in slightly lower than expected at 0.2% in November, decreasing from the 0.3% figure registered last month, according to the country's National B...

Economy

US Oil Rig Count Sees Modest Increase, But Annual Decline Continues

The number of oil rigs in the United States saw a modest increase last week, according to the latest data from Baker Hughes. The rig count rose by five to 482 in the week ending De...

Economy

Thailand FDA Clears Shine Muscat Grapes: Safe for Consumption

Thailand's FDA has approved imported Shine Muscat grapes for consumption after chemical residue tests. Public concern arose when the Thailand Consumers' Council found hazardous che...

Economy

Singaporeans to Receive Up to $440 in Cost-of-Living Support Next Month

Singaporeans will receive up to $440 in cost-of-living support next month, depending on their assessable income and the number of properties they own. This payout is part of the As...