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Economy News
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Economy News
ECB May Cut Rates Before the Fed
1 year ago
Economy News
Christine Lagarde, President of the European Central Bank (ECB), has said that the ECB may reduce interest rates regardless of the US Federal Reserve's actions. She made these comments during a discussion at the International Monetary Fund's spring meetings held ...
China's 2024 Economic Growth Off To a Hot Start
1 year ago
Economy News
China's economy showed a robust performance in Q1 2024, with a year-on-year GDP growth of 5.3%, surpassing the predicted 4.6% growth, and marking an improvement from the previous quarter's 5.2% growth. This early-year surge was primarily fueled by significant advancements in ...
Singapore's Economy Falls Short of Q1 Expectations
1 year ago
Economy News
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 ...
European Central Bank Could Start Cutting Rates
1 year ago
Economy News
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 interest rates at a consistent 4% ...
Copper Prices Surge, Promise Bull Market
1 year ago
Economy News
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, ...
South Korea Commits $7 Billion to AI Chipmaking
1 year ago
Economy News
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 ambitious drive is aimed at ensuring the ...
Gold Could Be Heading for a Setback After Market Highs
1 year ago
Economy News
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
1 year ago
Economy News
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, has seen a 3.7% ...
Cocoa Prices Skyrocket, Breach $10,000 Mark
1 year ago
Economy News
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 ...
Gold Prices Hit Record Highs and Show No Signs of Stopping
1 year ago
Economy News
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, central ...
Japan Finally Ends Negative Interest Rate Policy
1 year ago
Economy News
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 place ...
India Wants to Be a Semiconductor Leader Within Five Years
1 year ago
Economy News
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
1 year ago
Economy News
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 economy. Official data revealed that exports ...
Oil Price Expected to Increase in 2024
1 year ago
Economy News
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 ...
Strikes Rock Germany, Lufthansa Feels the Heat
1 year ago
Economy News
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 for the first quarter of 2024 due ...
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