Economy News

Economy

Unexpected Rise in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The US saw a slight increase in initial jobless claims to 218,000 for the week ending July 26, below analysts' expectations. The four-week moving average decreased, suggesting mark...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The Energy Information Administration reports a 48 Bcf increase in US natural gas inventories for the week ending July 25, with levels remaining within the five-year historical ran...

Economy

Mexico Successfully Averts US Tariff Hike as Sheinbaum Secures 90-Day Negotiation Window

Mexican President Claudia Sheinbaum announced that Mexico avoided a US tariff hike after securing a 90-day negotiation period with President Trump. The original plan included a tax...

Economy

South Korea Announces Major Tax Overhaul: Corporations, Banks, and Investors Face 8.1 Trillion Won Hike

South Korea's 2025 tax reform introduces significant increases in corporate, education, and securities transaction taxes, aiming to raise 8.1 trillion won annually. Concerns arise ...

Economy

Fed Maintains Interest Rates Amid Economic Uncertainty, Sparks Debate Among FOMC Members

The U.S. Federal Reserve has opted to keep interest rates unchanged at 4.25 to 4.50 percent, citing economic uncertainty and inflation concerns. The decision reveals divisions with...

Economy

South Korea's National Tax Revenue Soars by 21.5 Trillion Won in First Half, Signaling Economic Growth

South Korea's national tax revenue increased by 21.5 trillion won in the first half of the year, reaching 190 trillion won, driven by higher corporate and income taxes. This growth...

Economy

Korea-U.S. Trade Talks Breakthrough: MASGA Project Set to Revolutionize Shipbuilding Industry

Deputy Prime Minister Koo Yun-cheol identifies the $150 billion MASGA project as a key driver in Korea-U.S. trade talks, aiming to revitalize the U.S. shipbuilding industry through...

Economy

Korea and U.S. Forge Historic $350 Billion Investment Pact, Slashing Auto Tariffs to 15%

Korea and the U.S. have agreed on a $350 billion investment fund, reducing auto tariffs to 15% and focusing on shipbuilding and technology sectors, while protecting Korea's agricul...