Economy News

Economy

Vietnam Surges Ahead in Durian Exports to China, Outpacing Thailand

Vietnam has significantly increased its durian exports to China, with a 50% rise leading to earnings of US$2.9 billion. This growth is attributed to Vietnam's strategic advantages,...

Economy

Perplexity AI Eyes TikTok US Merger: A Bold Move Valued Over $50 Billion

Perplexity AI has proposed a merger with TikTok US, valued over $50 billion, aiming to combine forces with ByteDance and new partners. Despite challenges, the deal could reshape th...

Economy

US Oil Rig Count Dips Slightly: Baker Hughes Reports a Decrease to 478

The latest Baker Hughes report indicates a slight decrease in the US oil rig count to 478, with a significant annual drop of 19 rigs, highlighting the evolving dynamics of the US o...

Economy

December Sees a Surge: US Industrial Production Climbs by 0.9%

US industrial production increased by 0.9% in December, with manufacturing, mining, and utilities sectors all showing growth. Capacity utilization rose to 77.6%, indicating a posit...

Economy

Global Economic Growth Forecasted at 3.3% in 2025 and 2026 by IMF

The IMF forecasts a global economic growth of 3.3% in 2025 and 2026, with the US and China leading the charge. Inflation is expected to decrease, but long-term fiscal adjustments i...

Economy

BoE to Implement Quarterly Rate Cuts in 2025, IMF Predicts Steady Economic Growth

The IMF forecasts that the Bank of England will implement quarterly rate cuts in 2025 to sustain economic stability, projecting UK's growth at 1.6% in 2025 and 1.5% in 2026.

Economy

December Sees a Surge: US Housing Starts Jump by 15.8%, Signaling a Robust Market

The US housing market witnessed a 15.8% increase in housing starts in December, reaching a seasonally adjusted annual rate of 1,499,000. Despite a year-over-year decrease, single-f...

Economy

Cleveland Fed President Hammack Advocates for Patience on Further Rate Cuts Amid Inflation Concerns

Cleveland Fed President Beth Hammack calls for patience on further rate cuts, citing unresolved inflation and rate-of-change issues. Despite market expectations, she voted against ...