Economy News

Economy

US Treasury Announces Record $1 Trillion Borrowing Plan for Q3 2025 Amid Economic Shifts

The US Treasury plans to borrow over $1 trillion in Q3 2025, a $453 billion increase from previous estimates, due to lower starting cash balances and anticipated cash flows, aiming...

Economy

How US Tariffs Are Shaking the Foundations of Trucking ABS Performance

Fitch Ratings highlights the impact of US tariff policies on trucking ABS performance, noting stable ratings due to credit enhancements but warning of ongoing sector challenges.

Economy

Chancellor Merz Warns: Germany's Economy Faces Heavy Blow from New EU-US Trade Deal

German Chancellor Friedrich Merz warns that the new EU-US trade deal will significantly harm Germany's export economy due to asymmetric tariffs, with 15% duties on German exports a...

Economy

US-China Trade Talks in Stockholm Conclude with Hopes for Reduced Tensions

The initial day of US-China trade negotiations in Stockholm ended without a breakthrough but indicated both sides' willingness to ease tensions. Talks are expected to continue tomo...

Economy

US Treasury's $70B 5-Year Bond Auction Draws Mixed Demand with a 3.983% Yield

The US Treasury auctioned $70 billion in 5-year bonds at a 3.983% yield, showing mixed demand with a bid-to-cover ratio of 2.31. Direct bidders' participation rose, while indirect ...

Economy

Federal Reserve's Secrecy Upheld: Court Denies Public Access to Critical Rate-Setting Meeting

A US court rejected a lawsuit seeking to make the Federal Reserve's rate-setting meeting public, highlighting tensions between the Trump administration and Fed Chairman Jerome Powe...

Economy

Malaysia Announces Major RON95 Fuel Price Cut to 47 Cents, Aiding Millions Amid Rising Living Costs

Malaysia's Prime Minister Anwar Ibrahim announces a reduction in RON95 fuel prices to 47 cents per liter, benefiting 18 million motorists. The move, part of a subsidy rationalizati...

Economy

US and China Engage in Crucial Trade Talks in Stockholm Amidst Economic Tensions

US and China have started critical trade negotiations in Stockholm to resolve economic disputes, with high-level officials from both countries participating. This is their third me...