Economy

U.S. home prices rise slightly in July 2024 amid slowing momentum, improving supply conditions
Economy

U.S. home prices rise slightly in July 2024 amid slowing momentum, improving supply conditions

Mortgage rates drop to 4.75 percent to 5.00 percent range as housing affordability improves

South Korea’s public account deficit narrows to $34.8 billion in 2023
Asia

South Korea’s public account deficit narrows to $34.8 billion in 2023

South Korea's public account logged a deficit for the fourth straight year due to economic uncertainties

U.S. fiscal profile expected to deteriorate under incoming administration, says Moody’s
Banking & Finance

U.S. fiscal profile expected to deteriorate under incoming administration, says Moody’s

The report stated that the new administration will face a worsening fiscal landscape as debt affordability declines

U.S. consumer confidence falls to 98.7 amid labor fears, largest drop since August 2021 
Economy

U.S. consumer confidence falls to 98.7 amid labor fears, largest drop since August 2021 

Despite sharp decline in index, more households expressed intentions to purchase homes in the next six months

Services drive robust U.S. economic expansion in September, price pressures upturn: PMI
Economy

Services drive robust U.S. economic expansion in September, price pressures upturn: PMI

Prices rose at the fastest rate in six months due to input cost growth accelerating to a one-year high

Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992
Asia

Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992

This trend is attributed to heightened foreign investment spurred by the weak yen 

South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management
Asia

South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management

The two entities pledged to identify innovative projects in space life sciences and deep space antennas

U.K. public sector net debt reaches 100 percent of GDP in August, borrowing hits $18.24 billion
Economy

U.K. public sector net debt reaches 100 percent of GDP in August, borrowing hits $18.24 billion

The central government's total expenditure was £90.5 billion in August 2024, £6.1 billion more than in August 2023

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge
Economy

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge

This deficit reached 3.7 percent of GDP, the highest since Q2 2022, up from 3.4 percent in Q1

U.S. unemployment claims drop to four-month low in September, signaling economic strength amid rate cuts
Economy

U.S. unemployment claims drop to four-month low in September, signaling economic strength amid rate cuts

Initial claims fell by 12,000 to 219,000 for the week ending September 14 

Bank of Japan maintains short-term rate steady at 0.25 percent, upgrades view on consumption
Asia

Bank of Japan maintains short-term rate steady at 0.25 percent, upgrades view on consumption

The Bank of Japan ended negative interest rates in March and hiked short-term rates to 0.25 percent in July

Bank of England holds rates at 5 percent, boosting pound to over two-year highs
Economy

Bank of England holds rates at 5 percent, boosting pound to over two-year highs

The Committee unanimously cut U.K. government bond purchases by $93.77 billion, reducing the total to $523.58 billion

World Bank commits over $2 billion to support Bangladesh’s reforms
Asia

World Bank commits over $2 billion to support Bangladesh’s reforms

The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025

U.S. retail sales rise 2.1 percent in August, signaling resilience ahead of Fed’s rate cut verdict
Economy

U.S. retail sales rise 2.1 percent in August, signaling resilience ahead of Fed’s rate cut verdict

Online store sales rebounded 1.4 percent after falling 0.4 percent in July

China’s industrial output sees $6.4 billion export growth in August 2024
Asia

China’s industrial output sees $6.4 billion export growth in August 2024

The industrial output, a key economic indicator, increased by 4.5 percent YoY in August

Indonesia targets 23 percent renewable energy share in total energy mix by 2025
Asia

Indonesia targets 23 percent renewable energy share in total energy mix by 2025

This target encompasses a range of renewable sources, such as solar, wind, bioenergy, hydropower, and geothermal energy 

China welcomes 36,968 new foreign firms and $81.7 billion in FDI in first 8 months of 2024
Asia

China welcomes 36,968 new foreign firms and $81.7 billion in FDI in first 8 months of 2024

The high-tech manufacturing sector accounted for 12.4 percent of the total FDI, amounting to 72.1 billion yuan

U.S. consumer sentiment surges to four-month high in September as price pressures ease
Economy

U.S. consumer sentiment surges to four-month high in September as price pressures ease

Index of consumer sentiment rose 1.1 points to 69.0 in September, from 67.9 in August

U.S. household wealth rises to record $163.8 trillion in Q2 2024
Economy

U.S. household wealth rises to record $163.8 trillion in Q2 2024

Household debt rose 3.2 percent annually, the fastest pace since the third quarter of 2022

U.S. aims for $250 billion in revenue with new corporate tax rules
Banking & Finance

U.S. aims for $250 billion in revenue with new corporate tax rules

This tax applies to companies with average adjusted income of $1 billion or more 

U.K. housing market shifts positively as surveyors report first price balance in nearly two years
Economy

U.K. housing market shifts positively as surveyors report first price balance in nearly two years

Expected sales for the next three months reached their highest level since January 2020, before the COVID-19 pandemic 

IMF supports U.S. Fed’s anticipated easing cycle as inflation risks diminish
Banking & Finance

IMF supports U.S. Fed’s anticipated easing cycle as inflation risks diminish

IMF projects core U.S. PCE inflation to end 2024 at 2.5 percent, returning to the Fed's 2 percent target by mid-2025 

Russia’s Central Bank hikes interest rate to 19 percent, second increase this year amid ongoing inflation
Banking & Finance

Russia’s Central Bank hikes interest rate to 19 percent, second increase this year amid ongoing inflation

Annual inflation in the country is currently at 9 percent, surpassing earlier predictions

U.S. weekly jobless claims rise marginally, signaling labor market stability
Economy

U.S. weekly jobless claims rise marginally, signaling labor market stability

Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 230,000 for the week ending on September 7