Economy News

Economy

Turkey's Economic Outlook Brightens as Moody's Upgrades Credit Rating to Ba3

Moody's upgrades Turkey's credit rating to Ba3 from B1, citing central bank policies that ease inflation and restore confidence in the Turkish lira, marking a stable economic outlo...

Economy

ECB's Growing Concerns Over Economic Growth: A Shift Towards Cautious Measures?

Olli Rehn of the ECB highlights growing concerns over economic growth, suggesting a cautious future approach. The ECB has decided to keep interest rates steady, marking a pause in ...

Economy

June Sees a Sharp 9.3% Drop in US Durable Goods Orders, Missing Expectations

The US durable goods orders experienced a 9.3% decline in June, missing expectations, with transportation equipment leading the downturn. However, shipments and unfilled orders sho...

Economy

In a Bold Move, Russia's Central Bank Slashes Interest Rates by 200 Basis Points to 18% Amid Economic Strategy

The Central Bank of Russia has announced a 200 basis points cut in the key interest rate to 18%, aiming to control inflation and maintain tight monetary policy until 2026.

Economy

President Xi Jinping Vows China's Unwavering Commitment to Global Market Expansion and Economic Growth

Chinese President Xi Jinping reaffirms China's commitment to global market expansion and economic growth, emphasizing national rejuvenation through modernization and the importance...

Economy

OMB Director Vought Clarifies: Federal Reserve Review Aims Beyond Powell's Position

OMB Director Russell Vought reassures that the Federal Reserve's review isn't about firing Chair Jerome Powell, while urging for lower interest rates, following President Trump's v...

Economy

Korea and U.S. Strengthen Ties: Ministers Pledge to Finalize Tariff Deal by August 1

South Korea and the U.S. reaffirm their commitment to finalizing a tariff deal by August 1, focusing on manufacturing cooperation and strategic sectors like semiconductors and batt...

Economy

U.S. Cancels Key 2+2 Talks with Korea, Points to Bessent's Stockholm Visit Amid Rising Tensions

The U.S. unexpectedly cancels '2+2' trade and finance talks with South Korea, directing attention to Treasury Secretary Scott Bessent's Stockholm visit, amidst uncertainty and risi...