Economy News

The Reserve Bank of India (RBI) is expected to cut its benchmark repo rate by 25 basis points to 6.25% as slowing growth and weakening inflation create room for monetary easing. India’s economy expanded just 5.4% in the September quarter, ...

S&P 500 futures rose slightly on Tuesday, gaining 0.1%, as investors digested escalating trade tensions between the U.S. and China. Dow Jones Industrial Average futures dipped 51 points, or 0.1%, while Nasdaq-100 futures climbed 0.3%. The moves followed China’s announcement of ...

The European Central Bank (ECB) has lowered its benchmark interest rate by another 25 basis points, bringing it down to 2.75%, as inflation edges closer to the 2% target while economic growth falters.The move comes amid a bleak economic backdrop, ...

Global markets saw significant movement in the past week, fueled by policy announcements following US President Trump’s inauguration. US markets extended their rally, with the Dow Jones rising 2.48%, the S&P 500 up 2.04%, and the Nasdaq gaining 2.16%. Industrial ...

The Bank of Japan has raised its short-term interest rate to 0.5%, its highest level since 2008, signalingconfidence in steady inflation around its 2% target. The move, supported by an 8-to-1 board vote, is the central bank’s first hike since ...

Germany’s economy, the powerhouse of Europe, contracted for a second consecutive year in 2024, with GDP declining by 0.2%, following a 0.3% drop in 2023. This marks the first back-to-back annual contraction since the early 2000s, a period defined by ...

The euro, now trading below $1.03 as of January 10, is hovering near its weakest level against the greenback in over two years. It could slip below parity with the dollar by early 2025. The currency faces mounting pressure from ...

The global economy faces a turbulent 2025, with inflation, tariffs, and interest rate decisions shaping the landscape. The International Monetary Fund projects global growth at 3.2%, a figure that reveals the ongoing challenges faced by central banks and governments worldwide.In ...

Singapore’s economy posted a robust 4 percent growth in 2024, exceeding expectations and marking the strongest performance since 2011, barring the post-pandemic surge of 2021. Preliminary figures from the Ministry of Trade and Industry revealed that GDP expanded by 4.3 ...

In 2024, the UK claimed the top spot as Europe’s largest electric vehicle (EV) market, driven by record sales and stricter net-zero regulations. A total of 381,970 battery electric vehicles (BEVs) were sold, marking a 21.4% annual increase. Hybrid EV sales ...

Asian markets saw mixed performances Thursday, with China leading declines after a disappointing December manufacturing PMI reading. The Caixin/S&P Global manufacturing index slipped to 50.5, missing forecasts of 51.7, and down from November’s 51.5. The official PMI also came in ...

Bitcoin was the star performer of 2024, driven by the launch of exchange-traded funds (ETFs) and hopes for a regulatory boost under a new U.S. administration. The cryptocurrency skyrocketed from $40,000 in January to a peak of over $108,000 in ...

French stocks, led by the CAC 40 index, are heading toward their worst annual performance since the 2007-2008 financial crisis. Weighed down by a slowing luxury sector, political instability, and economic challenges, French equities have struggled to keep pace with ...

European markets face another challenging year in 2025, with political turbulence at home and external pressures from the U.S. and China weighing heavily on performance. The Euro Stoxx 600 has managed a modest 7% gain this year, yet sectors like ...

China’s industrial profits fell 7.3% year-on-year in November, marking a fourth consecutive monthly decline. While the drop highlights ongoing challenges, it was less severe than October’s 10% decline and September’s steep 27.1% slump, the sharpest since March 2020. The data ...