Economy

U.S. hosts record 1.12 million international students, adding $50 billion to economy in 2023/2024

Despite competition from the U.K., Canada, and Australia, the U.S. remains the top choice for international students

U.S. weekly jobless claims rise marginally as job growth stalls in October

Unadjusted U.S. weekly jobless claims rose 5.4 percent to 212,274 in the week ending November 2

China’s services activity grows in October, signaling economic recovery: PMI

While modest, the rate of growth in China's services economy was the fastest in three months

Japan’s manufacturing conditions deteriorate on weaker domestic, global demand

Manufacturers noted the sharpest fall in new export business since March amid weak demand from the U.S. and mainland China

Bank of Japan keeps interest rates unchanged at around 0.25 percent

Central bank lowered the projected inflation rate for fiscal 2025 from 2.1 percent to 1.9 percent, below the bank's price stability goal of 2 percent

China’s privately offered funds hit $2.76 trillion by end-September

Equity investment funds, valued at 10.89 trillion yuan, were the largest category

U.S. business activity grows in October, price pressures ease

This suggests that the economy is entering the fourth quarter on a strong note

China’s youth unemployment rate falls to 17.6 percent in September

Overall urban unemployment rate stood at 5.1 percent in September, improving slightly from 5.3 percent in August

Japan’s inflation climbs 2.8 percent amid rising transportation, fertilizer costs

Egg prices have also surged due to unseasonably warm weather 

South Korea reports $1.7 billion increase in revenue, yet faces $62.43 billion fiscal deficit in first 8 months of 2024

The finance ministry noted that this year's deficit is the third-largest ever for the specified timeframe

European Council to mobilize $100 billion annually in climate finance through 2025

The council reaffirmed its commitment to climate finance and aims for new targets beyond 2025.

South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nations 

The deal stipulates that Korea will allocate $905 million from the fund for the construction of the initial segment of the Laguna Lake Road Network 

South Korea’s foreign reserves up for third month to $419.97 billion in September 2024

The BOK attributed the rise to higher non-dollar asset values, driven by a weaker U.S. dollar and investment gains 

U.K. International Investment Summit to boost global trade, investment ties

Summit to feature senior executives from leading tech companies

South Korea’s inflation slows to 3.5 year low of 1.6 percent in September

September's figure marked the lowest inflation level since February 2021 when consumer prices grew 1.4 percent

U.S. job openings rise to 8 million in August, signaling labor market recovery

Layoffs declined in August to 1.6 million from 1.7 million in July

China’s external financial assets surpass $9.79 trillion by end of June

Financial liabilities exceeded $6.8 trillion at the same date, resulting in net external assets of nearly $2.99 trillion 

Japan’s manufacturing sector deteriorates slightly in September on weaker demand, says PMI

Japan's manufacturing PMI declined from 49.8 in August to 49.7 in September, indicating a slight slip in overall operating conditions

Policy will move over time toward a more neutral stance: Fed’s Powell

In the last 12 months, headline and core inflation in the U.S. were 2.2 percent and 2.7 percent, respectively

South Korea, China, and Japan unite to tackle plastic pollution

The three countries agreed to strengthen cooperation in reducing yellow dust levels, particularly in collaboration with Mongolia 

China’s international trade reaches $585.2 billion in August, 4 percent YoY growth

The nation's exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion

Swiss National Bank lowers interest rate to 1.0 percent as inflation falls

Inflation fell to 1.1 percent in August from 1.4 percent in May, partly due to a stronger Swiss francÂ