Economy News

Economy

South Korea's Economic Growth Slows to 1.2% in Q4 2024, Marking the Slowest Expansion Since 2023

South Korea's GDP growth slowed to 1.2% in Q4 2024, marking the slowest expansion since Q2 2023. Despite a minimal quarterly increase and missing estimates, the full-year growth im...

Economy

Japan Achieves a Surprising ¥130 Billion Trade Surplus in December, Surpassing Expectations

Japan's December trade surplus of ¥130.9 billion exceeded expectations, marking a significant improvement from November's deficit. Exports grew by 2.8%, and imports increased by 1....

Economy

US Oil Reserves Surge: A Million Barrel Increase Stirs Market Speculations

The United States has seen a notable increase in its crude oil, distillate, and gasoline inventories, with Cushing, Oklahoma, also reporting a rise in reserves. This development co...

Economy

Reeves Asserts UK's Minimal Impact on US Trade Deficit Amid Trump's Concerns

British Chancellor Rachel Reeves clarifies that the UK does not contribute to the US trade deficit, highlighting increased trade during Trump's previous term.

Economy

Spain's Treasury Shatters Records with €140 Billion Demand for 10-Year Bond

Spain's Treasury has reported an unprecedented €140 billion demand for its new 10-year syndicated bond, matching the 2024 record and marking the year's largest issuance. The high d...

Economy

Microsoft CEO Satya Nadella Advocates for Enhanced Energy Infrastructure in Talks with President Trump

Microsoft CEO Satya Nadella discusses with President Trump the importance of AI and the need for enhanced energy infrastructure. Microsoft also announces a shift in its partnership...

Economy

JPMorgan CEO Jamie Dimon Advocates for Tariffs as a Tool for National Security

JPMorgan Chase & Co CEO Jamie Dimon discusses the role of tariffs in national security, the impact of a strong dollar on the economy, and critiques the US bureaucracy, advocating f...

Economy

US Mortgage Applications See a Slight Increase Amid Falling Interest Rates

Mortgage applications in the US increased by 0.1% as of October 17, with a decrease in the average interest rate for 30-year fixed-rate mortgages to 7.02%. The Purchase and Mortgag...