Economy news

Singapore's Economy Falls Short of Q1 Expectations

Singapore's Economy Falls Short of Q1 Expectations

Economy news
11 hours ago

In the first quarter of the year, Singapore's economic growth was 2.7% compared to the same period last year. This was below the initial forecast of 3.0% growth. Although this performance was slightly better than the previous quarter, it was still le...

European Central Bank Could Start Cutting Rates

European Central Bank Could Start Cutting Rates

Economy news
3 days ago

The European Central Bank (ECB) has hinted at easing monetary policy in the near future, signaling a potential reduction in interest rates despite the uncertainty surrounding the Federal Reserve's actions in the United States. Maintaining intere...

Copper Prices Surge, Promise Bull Market

Copper Prices Surge, Promise Bull Market

Economy news
5 days ago

Copper prices have surged to unprecedented levels, with May delivery prices reaching $4.323 per pound in New York. This surge, which follows a peak in June 2022, is a continuation of a robust upward trend. The momentum was further demonstrated, with...

South Korea Commits $7 Billion to AI Chipmaking

South Korea Commits $7 Billion to AI Chipmaking

Economy news
6 days ago

As part of efforts to retain a leading global position in cutting-edge semiconductor chips, South Korea has announced a comprehensive investment plan amounting to $7 billion dedicated to artificial intelligence technologies by 2027. This ambitio...

Gold Could Be Heading for a Setback After Market Highs

Gold Could Be Heading for a Setback After Market Highs

Economy news
1 week ago

Gold prices have surged to new heights, with spot gold reaching $2,342 per ounce and peaking at $2,353, driven by strong U.S. economic data and ongoing geopolitical tensions. This continued uptrend comes as the precious metal is increasingly seen as...

Thailand's Economy Stumbles as Regional Peers Improve

Thailand's Economy Stumbles as Regional Peers Improve

Economy news
1 week ago

Thailand's growth is lagging against its Southeast Asian rivals. The region is showing marked resilience post-pandemic, with countries like Indonesia, the Philippines, and Vietnam posting over 5% economic growth. Malaysia, a key economy in the bloc,...

Cocoa Prices Skyrocket, Breach $10,000 Mark

Cocoa Prices Skyrocket, Breach $10,000 Mark

Economy news
2 weeks ago

Step aside Nvidia, the hottest trade of 2024 is shaping up to be a commodity: cocoa. In an unprecedented surge, cocoa futures have soared, more than doubling since the start of the year and recently surpassing an all-time high of $10,000 per metric t...

Gold Prices Hit Record Highs and Show No Signs of Stopping

Gold Prices Hit Record Highs and Show No Signs of Stopping

Economy news
3 weeks ago

The recent surge in gold prices to an all-time high of $2,203 per ounce, with forecasts suggesting a potential rise to $2,300, underscores a remarkable trend in the global economy. The rally, powered by a combination of strong physical demand, c...

Japan Finally Ends Negative Interest Rate Policy

Japan Finally Ends Negative Interest Rate Policy

Economy news
3 weeks ago

In a monumental shift in monetary strategy, Japan has bid farewell to its negative interest rate policy, a move signaling the end of an aggressive monetary easing era aimed at combating chronic deflation. This departure from a policy set in plac...

India Wants to Be a Semiconductor Leader Within Five Years

India Wants to Be a Semiconductor Leader Within Five Years

Economy news
4 weeks ago

India has set its sights on becoming one of the top five global semiconductor producers within the next five years. The country plans to gatecrash the global semiconductor value and supply chains, amidst increasing efforts to reduce reliance on China...

China's Trade Momentum Builds in Early 2024

China's Trade Momentum Builds in Early 2024

Economy news
1 month ago

In a promising development for China's economy, the country's export sector exhibited robust growth in the first two months of 2024, defying expectations and signaling potential relief for policymakers working to revitalize the world's second-largest...

Oil Price Expected to Increase in 2024

Oil Price Expected to Increase in 2024

Economy news
1 month ago

The price of oil is notoriously volatile, but 2023 was relatively stable, starting and ending at $72.47 per barrel, after a peak of $89.19. This stability starkly contrasted with 2022's turbulent market, where prices soared to $114 from an opening of...

Strikes Rock Germany, Lufthansa Feels the Heat

Strikes Rock Germany, Lufthansa Feels the Heat

Economy news
1 month ago

Germany's aviation giant Lufthansa faces turbulent times as ongoing strikes by its ground staff and airport workers threaten its earnings. The airline, encompassing Lufthansa, Austrian Airlines, and Eurowings, anticipates a substantial operating loss...

ECB Maintains Interest Rates Amid Economic Uncertainty

ECB Maintains Interest Rates Amid Economic Uncertainty

Economy news
1 month ago

The European Central Bank (ECB) is poised to maintain its interest rate levels in the upcoming week, adopting a cautious stance amidst fluctuating inflation rates and economic indicators within the eurozone. Following an aggressive phase of mone...

Key U.S. Inflation Measure Affects Economic Outlook

Key U.S. Inflation Measure Affects Economic Outlook

Economy news
1 month ago

The U.S. Personal Consumption Expenditures (PCE) price index, excluding food and energy, rose by 0.4% in February, aligning with predictions and marking a 2.8% year-over-year increase. Overall, the broader PCE index increased by 0.3% month-over-month...

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