Economy News

Economy

Vietnam's Frozen Durian Imports Skyrocket by 800% Ahead of Lunar New Year Festivities

Vietnam's frozen durian imports surged by 800% in December, driven by Lunar New Year demand. Malaysian durians, known for their quality and flavor, dominate the market, overshadowi...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 215,000

Initial jobless claims in the US dropped by 9,000 to 215,000 for the week ending April 12, indicating a resilient job market. The 4-week moving average also decreased, while the in...

Economy

ECB's Lagarde Warns of Exceptional Uncertainty Amid U.S. Tariffs and Calls for Euro Area Resilience

ECB President Christine Lagarde warns of exceptional economic uncertainty due to U.S. tariffs, while calling for urgent fiscal and structural reforms to boost the euro area's resil...

Economy

US Natural Gas Storage Sees Significant Weekly Increase: EIA Reports 16 Bcf Rise

The EIA reports a 16 Bcf increase in US natural gas storage for the week ending April 11, reaching 1,846 Bcf. Despite this rise, stocks are down by 480 Bcf year-over-year and remai...

Economy

IMF Warns Against Political Interference, Calls for Strong Central Bank Independence to Combat Inflation

IMF Managing Director Kristalina Georgieva emphasizes the importance of central bank independence to tackle inflation, warns of financial stress signals in bond and currency market...

Economy

Anna Paulson Appointed as New President of Philadelphia Fed, Bringing Fresh Leadership to Monetary Policy

The Federal Reserve Bank of Philadelphia names Anna Paulson, the Chicago Fed's executive vice president, as its new president starting July 1. She will influence monetary policy an...

Economy

US Oil Rig Count Sees Slight Increase to 481 Amid Annual Decline, Baker Hughes Reports

The U.S. oil rig count slightly increased to 481, with a notable annual decline. Gas rigs also rose by one to 98, but overall rig counts are down. Canada saw a decrease in total ri...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 215,000, Signaling Economic Strength

The US labor market shows signs of strength as initial jobless claims drop to 215,000, with the 4-week moving average also decreasing. The insured unemployment rate remains at 1.2%...