Economy News

Economy

Trump Delays Universal Tariffs, Imposes New Duties on Canada and Mexico Starting Feb. 1

President Trump announces new tariffs on Canada and Mexico starting Feb. 1, delaying universal tariffs. Criticizes Canada for illegal border crossings, emphasizes economic benefits...

Economy

Record-Breaking $68.96 Billion in Daily Forex Transactions Signals Strong Market Growth in 2024

In 2024, daily forex transactions hit a record $68.96 billion, driven by increased hedging demand and overseas investments. The won-dollar exchange rate rise significantly boosted ...

Economy

South Korea Faces a 5.1% Drop in Exports Mid-January Amid Lunar New Year Impact

South Korea's exports decreased by 5.1% in mid-January, influenced by the Lunar New Year holidays reducing working days. Despite a rise in semiconductor exports, declines were note...

Economy

Corporate Dollar Reserves Surge as Trump's Policies Fuel Market Uncertainty

Following President Trump's inauguration, corporate foreign currency deposits surged by over $3.1 billion, driven by market uncertainties. The Bank of Korea reports a significant r...

Economy

Trump Considers Imposing 25% Tariffs on Mexico and Canada to Combat Fentanyl Crisis

President Trump announces plans to impose 25% tariffs on Mexico and Canada to combat the fentanyl crisis, aiming to curb drug trafficking and illegal crossings, with potential sign...

Economy

Fitch Predicts High and Volatile EU Gas Prices by 2025: What's Driving the Surge?

Fitch Ratings forecasts high and volatile natural gas prices in Europe by 2025 due to a tight market, influenced by cold weather, increased LNG demand, and halted Russian gas impor...

Economy

Trump's First Day: No Tariffs but a Focus on Trade Policy Overhaul

On his first day in office, President-elect Donald Trump will focus on reviewing existing trade policies and assessing trade relationships with China, Mexico, and Canada, rather th...

Economy

Singapore Announces US$220 Cash Bonus for Eligible Senior Citizens to Boost Financial Security

Singapore introduces a US$220 cash bonus for senior citizens under the Assurance Package Seniors’ Bonus, aimed at those with limited property and income. This initiative, part of a...