Economy News

Economy

Saudi Arabia Resists US Pressure to Increase Oil Production Amid Price Concerns

Amid US efforts to lower oil prices by increasing production, Saudi Arabia resists calls to boost output, citing economic concerns. The International Monetary Fund underscores the ...

Economy

China's Manufacturing Sector Shows Signs of Slowing Down: PMI Drops to 50.1 in January

China's manufacturing PMI slightly decreased to 50.1 in January, indicating a marginal expansion but showing a slowdown from the previous month. The sector remains above the neutra...

Economy

Bank of Japan Considers Rate Hike Amid Inflation and Yen Volatility Concerns

The Bank of Japan's January meeting highlighted discussions on inflation, potential rate hikes, and economic risks, with concerns over yen volatility and the impact on financial ma...

Economy

January Sees a Decline in Japan's Manufacturing Sector Activity

Japan's manufacturing sector activity decreased in January 2025, as indicated by a drop in the Jibun Bank Manufacturing PMI to 48.7. Output, new orders, and job creation rates have...

Economy

Bank of Japan Considers Rate Hike Amid Yen Volatility Concerns

The Bank of Japan's recent meeting revealed discussions on adjusting policy rates amidst rising inflation and yen volatility. Members debated the benefits of a rate hike to stabili...

Economy

China's Manufacturing Sector Shows Signs of Contraction as PMI Drops to 50.1 in January

China's manufacturing sector experienced a slight expansion in January with a PMI of 50.1, down from 50.5 in December, indicating a slowdown in growth and raising concerns about th...

Economy

Panama Withdraws from China's Belt and Road Initiative Following High-Level Talks with US

Panama decides to exit China's Belt and Road Initiative after discussions with US Secretary of State Marco Rubio, focusing on sovereignty, security, and economic ties. The US expre...

Economy

January Sees a Revival in Australian Manufacturing Sector After a Year of Challenges

Australian factory activity showed signs of recovery in January, with the PMI index rising to 50.2, indicating growth. This improvement was driven by increased output, a slower dec...