US Oil Rig Count Holds Steady at 483, Signaling Market Stability
The latest Baker Hughes weekly rig count reveals the US oil rig count remains unchanged at 483 for the week ending December 27, with a notable decrease from last year. Gas rigs and...
Economy News
US Natural Gas Storage Sees Significant Drop: EIA Reports 93 Billion Cubic Feet Decrease
The Energy Information Administration reports a significant 93 billion cubic feet decrease in US natural gas storage for the week ending December 20. Despite this drop, current lev...
November Sees US Goods Trade Deficit Surge to $102.9 Billion Amid Export Decline
In November, the US goods trade deficit expanded significantly to $102.9 billion, driven by a decrease in exports and an increase in imports. Wholesale inventories saw a minor adju...
Japan's 10-Year Bond Yield Hits Decade-High, Signaling Policy Shift
Japan's 10-year government bond yield has surged to 1.11%, marking its highest point in over 13 years. This rise is attributed to market expectations of tighter monetary policy ami...
Japan's Finance Minister Alerts on Yen Volatility and Speculative Risks
Japan's Finance Minister Katsunobu Kato warns against the impact of speculative activities on the yen, emphasizing the importance of stable currency movements and the administratio...
South Korean Financial Markets Shaken as Exchange Rate Hits 1,480 Won and KOSPI Drops Below 2,400 Amid Political Crisis
South Korea's financial markets face turbulence as the won/dollar exchange rate exceeds 1,480 won and the KOSPI index falls below 2,400, amid political instability and a proposed i...
South Korea's Business Confidence Plummets to Four-Year Low Post-Martial Law
South Korea's business sentiment has reached its lowest point in over four years, since the COVID-19 pandemic, following the declaration of martial law. The Composite Business Sent...
South Korea Announces Historic Won-Denominated Forex Stabilization Bonds After 22 Years
South Korea plans to issue won-denominated foreign exchange stabilization bonds for the first time in 22 years, starting January. This move aims to stabilize the won-dollar exchang...
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