Economy News

Economy

Malaysia's Durian Exports to China Set for 20% Surge, Musang King Leads the Charge

Malaysia anticipates a 15% to 20% increase in durian exports to China, led by the premium Musang King variety. Despite challenges like heavy rains affecting supply, the demand in C...

Economy

Significant Drop in US Oil Inventories: A 4.5M Barrel Decrease Sparks Market Interest

US crude oil inventories dropped by 4.5 million barrels last week, with mixed changes in distillate and gasoline stocks, and a decrease in Cushing reserves, according to API data.

Economy

Eurozone's Economic Momentum Slows in April: Services Sector Stagnates Amid Manufacturing Uptick

The Eurozone's economic growth slowed in April, with the services sector nearly stagnating despite a slight uptick in manufacturing output, as per S&P Global and HCOB's latest ...

Economy

UK Service Sector Hits a Snag: April's PMI Drops to Lowest Since Early 2023

The UK service sector experienced a slowdown in April, with the services PMI falling to 49.0, indicating contraction for the first time in one-and-a-half years due to declining new...

Economy

Eurozone and EU Witness a Significant 1.6% Drop in Producer Prices in March

The Eurozone and EU saw a 1.6% drop in producer prices in March, with energy prices leading the decline. Annual figures, however, showed a slight increase. Sector-wise variations w...

Economy

March Sees US Trade Deficit Surge to $140.5B, Marking a Significant Economic Shift

The US trade deficit rose sharply by 14% in March to $140.5 billion, with exports slightly increasing by 0.2% and imports jumping by 4.4%. Annually, the deficit grew by 92.6%, high...

Economy

Carney and Trump Engage in Constructive Talks on Trade, Tariffs Decision Postponed

Canadian Prime Minister Mark Carney and US President Donald Trump had constructive talks on trade, with no immediate decisions on tariffs. Carney emphasized Canada's sovereignty am...

Economy

Carney and Trump Discuss Tariffs: Constructive Talks but No Immediate Decisions

Canadian Prime Minister Mark Carney and US President Donald Trump held constructive talks on tariffs, with no immediate decisions made. Carney emphasized Canada's sovereignty, whil...