Economy News

Economy

Australia Surprises with a Stunning 5.37B AUD Trade Surplus in June, Exports Soar

Australia reported a surprising trade surplus of 5.37 billion AUD in June, driven by a 6% rise in exports and a 3.1% fall in imports, exceeding expectations and highlighting the co...

Economy

Exclusive: President Trump Narrows Down Federal Reserve Chair Candidates to Final Three

President Donald Trump has narrowed the list of candidates for the Federal Reserve governor position to three, with plans to appoint both temporary and permanent candidates soon. T...

Economy

China's Trade Surprise: July Surplus Dips to $98.2B Amid Global Economic Shifts

China's trade surplus in July decreased to $98.2 billion from June's $114.8 billion, with exports rising by 7.2% and imports by 4.1% year-on-year. In local currency, the surplus wa...

Economy

Russia's Inflation Rate Drops to 8.77%: A Glimpse into Economic Recovery?

Russia's annual inflation rate decreased to 8.77% in the week ending August 4, with consumer prices dropping by 0.13%. Food prices fell by 0.34%, while non-food prices slightly inc...

Economy

Slovenia Takes a Stand: Prohibits Imports from Israeli Settlements in Occupied Territories

Slovenia has banned imports from Israeli settlements in occupied Palestinian territories, citing violations of international law. The government also considers halting exports to t...

Economy

Fed Governor Lisa Cook Advocates for Caution and Humility in Economic Policymaking Amid Uncertainty

Federal Reserve Governor Lisa Cook calls for cautious and humble approach in economic policymaking, highlighting concerns over recent jobs data and the importance of monitoring a w...

Economy

Surge in US Mortgage Applications: A 3.1% Weekly Increase Signals Market Shift

US mortgage applications rose by 3.1% in the week ending August 1, with a slight decrease in interest rates for 30-year fixed-rate mortgages. The Purchase and Refinance Indexes als...

Economy

BOK Advocates for Structural Reforms to Enhance Monetary Policy Effectiveness Amid Criticism

The Bank of Korea defends its call for structural reforms, arguing they are crucial for effective monetary policy amidst criticism of overreach. The BOK highlights the impact of ag...