Economy News

Economy

Spain's Producer Prices Surge by 6.6% in February, Energy Costs Lead the Charge

Spain's producer prices surged by 6.6% in February, with energy costs skyrocketing by 22.2% annually. Excluding energy, prices remained stable, but the monthly increase of 1.2% sig...

Economy

Spain's Producer Prices Surge by 6.6% in February, Signaling Economic Shifts

Spain's producer prices surged by 6.6% in February, a significant increase from January's 2.6%, indicating potential economic shifts and inflationary pressures.

Economy

South Korea Launches Economic Security Task Force Amid U.S. Trade War Threats

Acting Prime Minister Han Duck-soo announces the Economic Security Strategy Task Force to counter U.S. trade war threats, emphasizing enhanced response capabilities and facing dome...

Economy

BoJ Governor Ueda Calls for Prudence in ETF Strategy Amid Market Uncertainties

Bank of Japan Governor Kazuo Ueda urges caution in handling the central bank's ETF holdings, citing valuation risks and potential market turmoil. Policymakers need more time to dec...

Economy

HCMC Climbs to 98th in Global Financial Rankings, Nearing Southeast Asian Peers

Ho Chi Minh City climbs seven places to 98th in the global financial center rankings, edging closer to Southeast Asian peers like Bangkok and Jakarta. With plans to develop an inte...

Economy

Record-Breaking 78 Trillion Won Tax Cuts Unveiled: A Bold Move Amid Fiscal Concerns

The Ministry of Economy and Finance announces a record-high tax reduction of 78 trillion won for this year, raising concerns over fiscal sustainability and revenue shortfalls. Stra...

Economy

Bank of Japan Anticipates Surpassing 2% Inflation Target, Sparks Policy Adjustment Talks

Bank of Japan board members express growing confidence in hitting the 2% inflation target, with discussions on potential rate hikes and policy adjustments to manage inflation risks...

Economy

BoE's Bailey Forecasts Inflation Target Delay Until 2027 Amid Economic Challenges

Bank of England Governor Andrew Bailey predicts the UK won't achieve its 2% inflation target until 2027, citing weak productivity and demographic challenges as key hurdles. Recent ...