Economy News

Economy

Japan Slashes 2024 GDP Growth Forecast to 0.4% Amid Industry Scandals and Export Decline

Japan's Cabinet Office has revised its 2024 GDP growth forecast down to 0.4% due to an automotive industry scandal and a decline in exports, while keeping the 2025 growth estimate ...

Economy

Russia Offers Multiple Gas Supply Routes to Europe Amid Tense Energy Situation

Russian Deputy Prime Minister Alexander Novak discusses Russia's readiness to supply gas to Europe through multiple routes, emphasizing the importance of agreements with Ukraine an...

Economy

China Prolongs Anti-Dumping Investigation on EU Brandy Until 2025

China has extended its anti-dumping investigation into EU brandy until April 2025, citing the complexity of the case. This decision follows Beijing's tariffs on European brandy, a ...

Economy

Siluanov Warns: Trump's Presidency Could Reshape Global Economy Impacting Russia

Russian Finance Minister Anton Siluanov discusses the potential global economic shifts under Trump's presidency and its implications for Russia, alongside the Russian government's ...

Economy

Malaysians Flocking to Singapore for Lucrative Jobs and Better Retirement Prospects

Many Malaysians are finding employment in Singapore to secure better retirement prospects, attracted by higher salaries and Singapore's superior retirement system compared to Malay...

Economy

Bank of Japan Governor Ueda Advocates for Prudence Amidst January Rate Hike Speculations

Bank of Japan Governor Kazuo Ueda stresses the importance of caution in shaping monetary policy, refraining from hinting at a potential January interest rate hike and emphasizing t...

Economy

1MDB Sues Amicorp Group for Alleged Role in $7 Billion Fraud Scandal

Malaysian sovereign wealth fund 1MDB files a billion-dollar lawsuit against Amicorp Group, alleging crucial role in facilitating a multibillion-dollar fraud. The lawsuit accuses Am...

Economy

China's Central Bank Injects $41 Billion to Boost Financial System

The People's Bank of China has injected 300 billion yuan ($41 billion) into the financial system through its one-year lending facility, while also keeping its Medium-term Lending F...