Economics

U.S. hits South Korea with 25 percent tariff hike over trade deal delays

U.S. hits South Korea with 25 percent tariff hike over trade deal delays

New levies target South Korean automobiles and pharmaceuticals

Bank of Japan holds interest rates steady at 0.75 percent, upgrades growth and inflation forecasts

Bank of Japan holds interest rates steady at 0.75 percent, upgrades growth and inflation forecasts

An 8-1 vote reveals divided opinions on potential rate hikes amid Japan's economic recovery efforts

U.S. economy hits strongest growth in two years with 4.4 percent GDP surge

U.S. economy hits strongest growth in two years with 4.4 percent GDP surge

Household consumption and AI investments drove Q3 performance to its highest levels since 2023

Foreign investors pump $212 billion into U.S. economy as long-term securities demand surges

Banking & Finance

Foreign investors pump $212 billion into U.S. economy as long-term securities demand surges

Net purchases of long-term U.S. securities by foreign residents reached $221.8 billion

U.K. economy rebounds in November with 0.3 percent GDP growth driven by rising car production

U.K. economy rebounds in November with 0.3 percent GDP growth driven by rising car production

British economy defies stagnation warnings with fastest growth since June outpacing forecasts

South Korea’s central bank holds rates at 2.5 percent, signals shift away from further easing

South Korea’s central bank holds rates at 2.5 percent, signals shift away from further easing

BOK's latest meeting shows a commitment to steady interest rates amidst rising inflation

U.S. budget deficit hits $145 billion in December, up 67 percent due to record outlays and calendar shifts

Banking & Finance

U.S. budget deficit hits $145 billion in December, up 67 percent due to record outlays and calendar shifts

Customs revenue reached $27.9 billion while the Supreme Court reviews emergency tariff sanction laws

China’s consumer inflation surges to 34-month peak as Beijing misses annual growth target

China’s consumer inflation surges to 34-month peak as Beijing misses annual growth target

The Producer Price Index decline narrowed to 1.9 percent in December as government policies targeted excessive industrial competition

China’s central bank extends gold buying streak to 14 months as reserves surpass $319 billion

China’s central bank extends gold buying streak to 14 months as reserves surpass $319 billion

Holdings now represent 5-6 percent of China’s foreign exchange reserves

China maintains benchmark lending rates for seventh consecutive month

China maintains benchmark lending rates for seventh consecutive month

Economic indicators suggest ongoing struggles, with the property sector and consumer spending driving concerns

Ukraine reaches agreement with IMF for new 48-month funding arrangement providing up to $8.1 billion

Banking & Finance

Ukraine reaches agreement with IMF for new 48-month funding arrangement providing up to $8.1 billion

Total financing gap for Ukraine is projected at around $136.5 billion through 2026-29

Trump secures major trade deals in Southeast Asia to reduce reliance on China’s critical minerals

Trump secures major trade deals in Southeast Asia to reduce reliance on China’s critical minerals

Agreements cover 68 percent of U.S.-ASEAN trade, reshaping economic ties in the region

$20 billion currency swap finalized as U.S. buys Argentine pesos

Banking & Finance

$20 billion currency swap finalized as U.S. buys Argentine pesos

The currency swap aims to stabilize Argentina's economy amid severe liquidity shortages and volatility

Sri Lanka secures $347 million IMF deal as part of $3 billion economic recovery program

Sri Lanka secures $347 million IMF deal as part of $3 billion economic recovery program

The deal supports ongoing reforms and debt restructuring essential for long-term economic stability

U.S. to impose 25 percent tariff on imported medium and heavy-duty trucks

Banking & Finance

U.S. to impose 25 percent tariff on imported medium and heavy-duty trucks

The new tariff will significantly impact costs for truck buyers and various industries reliant on these vehicles

U.K. economy grows 0.3 percent in Q2 2025 despite global trade pressures, policy tightening

U.K. economy grows 0.3 percent in Q2 2025 despite global trade pressures, policy tightening

Moderate growth reflects resilience amid high inflation, tariff disruptions, and cautious business investments

U.K. inflation climbs to 3.8 percent in July on rising restaurant, hotel, and food prices

U.K. inflation climbs to 3.8 percent in July on rising restaurant, hotel, and food prices

Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares

Australia’s central bank lowers rates by 25 basis points, revising economic growth forecast to 1.7 percent

Australia’s central bank lowers rates by 25 basis points, revising economic growth forecast to 1.7 percent

RBA cited weaker public demand as key factor in lowering annual economic outlook for 2025

India holds interest rates steady as U.S. tariffs loom over exports

India holds interest rates steady as U.S. tariffs loom over exports

Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape

China expands Silk Road Maritime Transport with 128 new shipping routes launched

China expands Silk Road Maritime Transport with 128 new shipping routes launched

Since December 2018, over 20,293 container ships have navigated these vital international routes

Japan’s manufacturing activity contracts in July due to uncertainties surrounding U.S. tariffs

Japan’s manufacturing activity contracts in July due to uncertainties surrounding U.S. tariffs

S&P Global's PMI for manufacturing dropped to 48.8, marking a decline from June's 50.1

South Korea’s GDP grows 0.6 percent in Q2 2025 driven by strong private consumption, exports

South Korea’s GDP grows 0.6 percent in Q2 2025 driven by strong private consumption, exports

Private consumption increased 0.5 percent, supported by improving sentiment and a stock market rally

Strong Q1 growth reduces urgency for rate cuts in China

Strong Q1 growth reduces urgency for rate cuts in China

Benchmark loan rates unchanged as country faces trade challenges

Eurozone inflation falls to 2.2 percent in March, jobless rate declines

Eurozone inflation falls to 2.2 percent in March, jobless rate declines

Strengthening calls for additional interest rate cuts from ECB