Worldwide

China’s foreign trade grows 4.6 percent YoY in October, reaching $5 trillion in ten months

Exports amounted to $2.93 trillion, up 5.1 percent YoY, and imports totaled $2.14 trillion 

Global VC investment rises to five-quarter high of $94.3 billion: Report

AI accounted for over half of the 10 largest funding rounds globally as VC investors continued to show interest in the sector

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

South Korea to provide $6.45 billion in financial support for semiconductor industry by 2025

The government will allocate 1.7 trillion won next year for chip R&D and talent development 

Global public debt to exceed $100 trillion this year, say IMF

Global public debt could reach 115 percent of GDP in three years, nearly 20 percentage points higher than currently projected

China reveals world’s largest floating offshore wind turbine, generating 62 million kWh annually for 37,000 homes

This turbine has a 260-meter diameter wind wheel and a sweeping area of 53,100 square meters

China advances green finance with 19 key measures

The guideline highlights the green transformation of industries and ecosystem restoration

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.

Major multilateral banks have $480 billion headroom in new lending before rating downgrades: Fitch

The three biggest multilateral development banks by total assets have the most lending headroom in billions of U.S. dollars

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 

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 

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 franc 

Microsoft pledges $2.7 billion investment in Brazil’s cloud, AI infrastructure

Microsoft will also launch ConectAI to train five million people over the next three years with AI skills

Global economic growth to stabilize at 3.2 percent this year, says OECD

Headline inflation in the G20 economies to ease to 5.4 percent in 2024 and 3.3 percent in 2025