United States

U.S. fortifies strategic crude oil stockpile with new 4.65 million barrel purchase

This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile

Global transition to low-carbon economy needs $3 trillion each year until 2050: Yellen

In 2022, wealthier economies provided an all-time high of $116 billion for climate finance for developing countries

Will faster than expected Q2 U.S. economic growth set stage for potential Fed rate cut?

The solid growth is driven by resilient consumer spending and business investment

U.S. election to drive gold’s safe-haven demand, impact broader macro variables: Report

Rising geopolitical threats and political uncertainty will likely impact financial markets around U.S. election

Global gas demand forecast to grow 2.5 percent in 2024, driven by Asia: IEA

However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024

U.S. retail sales rise 2.3 percent in June, May data revised up 0.3 percent

Core U.S. retail sales rose 0.9 percent in June after a 0.4 percent unrevised gain in May

China sees surge in foreign tourism with visa-free policies, diverse payment options

14.64 million foreign nationals entered China through various ports during the first six months of the year

U.S. Fed could start cutting rates this year but should remain cautious: IMF

IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory

World’s population to reach 10.3 billion by 2080 with uneven demographic shifts across regions: Report

Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates

Global oil demand growth slows in Q2 as EVs, economic headwinds impact consumption

The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024

U.S. inflation plunges to 3 percent, fueling bets on imminent Fed rate cuts

The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis

Global wealth poised for continued growth, $83 trillion intergenerational transfer by 2040: Report

In 2023, wealth growth across the world has recovered from its 3 percent contraction the previous year

Fed will take interest rate decisions ‘when and as they need to be made’: Powell

Reducing policy restraint too late or too little could unduly weaken economic activity and employment, Powell stated

Global gold ETFs plummet $6.7 billion in 2024, marking worst performance in over a decade: Report

Data showed that Asia was an outlier that registered inflows of $3.1 billion in H1 2024

U.S. renewable energy consumption rises 2 percent to record-high in 2023: EIA

Renewable energy consumption in the U.S. exceeded coal for the first time in about 140 years

Amazon’s market value exceeds $2 trillion as stock surges 3.9 percent on AI optimism

U.S. stock market recorded significant gains this year as enthusiasm around AI surged

South Korea’s overseas assets reach new high of $1.911 trillion

External financial assets reached $1.911 trillion at the end of December last year

Japan’s exports reach $53 billion in May amid weak yen, robust global demand

The country's trade deficit narrowed to $7.7 billion, down nearly 12 percent from a year earlier

U.S. producer prices decline 0.2 percent in May

Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices

China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report

This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic

Microsoft to invest $3.2 billion in cloud and AI infrastructure expansion in Sweden

The tech giant plans to deploy 20,000 advanced GPUs at its Swedish data centers

Japan spends record $62 billion to prop up yen amid currency volatility

This amount exceeds the nearly 9.2 trillion yen Japan spent on yen-buying, dollar-selling operations in late 2022

U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong

Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace