Swiss National Bank Cuts Interest Rate Amid Declining Inflation
The Swiss National Bank has lowered its policy rate by 50 basis points to 0.50% amid decreasing inflationary pressure. The bank forecasts inflation rates and GDP growth, while noti...
Economy News
South Korea's Fiscal Deficit Surges to 75.7 Trillion Won in First Ten Months
South Korea's fiscal deficit has surged to 75.7 trillion won from January to October, raising concerns about the country's fiscal health and economic stability. Despite increases i...
South Korea's Economic Policies Stalled by Impeachment Crisis and Budget Cuts
South Korea's economic policies are stalled by an impeachment crisis and budget cuts, particularly affecting support for semiconductors, AI, and nuclear power projects. Experts str...
EU Plans to Issue €90 Billion in Bonds to Support Recovery and Neighbouring Partners
The European Commission plans to issue up to €90 billion in bonds in the first half of 2025 to support the EU's recovery from the pandemic, strengthen its economy, and aid neighbou...
US Mortgage Applications Surge by 5.4% Amidst Interest Rate Drop
The Mortgage Bankers Association reports a 5.4% increase in US mortgage applications, driven by a surge in refinance activity and a slight drop in interest rates. VA refinance appl...
OPEC Stands Firm on 2024 Global GDP Forecast: A Detailed Outlook
OPEC maintains its 2024 global GDP forecast at 3.1%, unchanged from previous predictions. The US, Eurozone, China, and Russia's economic growth forecasts are also discussed, showin...
OPEC Lowers Global Oil Demand Growth Forecast Amid Uncertainty
OPEC has revised its global oil demand growth forecast for 2024 to 1.6 million barrels per day, down from 1.8 million. Total world oil demand is expected to reach 105.5 million bar...
US Crude Oil Inventories Drop by 1.4M Barrels: EIA Report
The EIA reports a 1.4 million barrel drop in US commercial crude oil inventories to 422 million barrels, 6 million below the five-year average. Refinery inputs and crude oil import...
Popular News
