Economy News

Economy

Vietnam's Rice Exports to Singapore Soar by 28%, Capturing Significant Market Share

Vietnam's rice exports to Singapore surged by 28%, capturing a significant market share. Despite leading in three rice categories, Vietnam was overtaken by India and Thailand due t...

Economy

US Initiates Comprehensive Review of the US-China Trade Agreement Compliance

The United States has begun a compliance review of the US-China trade deal, aiming to ensure adherence to the agreement's terms. This review could significantly impact global trade...

Economy

US Oil Rig Count Drops to 472: A Weekly Decline Amidst Annual Decrease

The US oil rig count decreased by six to 472, marking a 27-rig decline from last year, while the gas rig count slightly increased. Canada's rig count improved, with oil rigs surgin...

Economy

December Sees a 2.2% Surge in US Existing Home Sales, Marking the Highest Since June 2021

US existing home sales rose by 2.2% in December, reaching a seasonally adjusted annual rate of 4.38 million, the highest since June 2021, indicating a strong recovery in the housin...

Economy

US Economic Activity Slows in January: A Closer Look at PMI Declines

The US PMI Composite Output Index fell to 52.4 in January, marking a nine-month low, as reported by S&P Global. While the service sector saw a decline, manufacturing PMI improv...

Economy

January Sees a Dip in US Consumer Confidence: What's Behind the Numbers?

The University of Michigan reports a decline in the US Consumer Sentiment Index for January, dropping to 71.1 from a preliminary estimate of 73.2, indicating a shift in consumer co...

Economy

Kristalina Georgieva Calls for Enhanced Productivity Growth in the EU to Compete Globally

IMF Managing Director Kristalina Georgieva urges the European Union to enhance productivity and competitiveness by opening up entrepreneurship opportunities, deepening capital mark...

Economy

Christine Lagarde Advocates for Global Cooperation to Navigate US Trade Challenges

European Central Bank President Christine Lagarde calls for global cooperation to address trade tensions, emphasizing negotiation, mutual reliance, and balanced trade relationships...