Economy News

Economy

US Regulators Set to Ease Post-Crisis Bank Capital Rules in Major Policy Shift

US regulators are planning to ease the supplementary leverage ratio (SLR), a key post-2008 financial crisis rule, potentially excluding low-risk assets like Treasuries. A formal pr...

Economy

South Korea's Fiscal Deficit Soars to 61.3 Trillion Won in Q1, Marking the Second-Highest in History

South Korea's fiscal deficit hit 61.3 trillion won in Q1, the second-highest on record, with tax revenues up but expenditures slightly down. The managed fiscal balance and central ...

Economy

Australia's Job Market Holds Steady: Unemployment Rate Stays at 4.1% in April

Australia's unemployment rate remained steady at 4.1% in April, with 89,000 jobs added. Full-time employment rose by 59,500, while part-time employment increased by 29,500. The emp...

Economy

Canada's New Liberal Government Announces Fall Economic Update, Delays Full Budget Release

Canadian Finance Minister Francois-Philippe Champagne announces a tax cut and a fall economic update, delaying the full federal budget. The move follows the Liberals' return to pow...

Economy

US Crude Oil Inventories Surge by 4 Million Barrels, Refinery Operations and Imports Shift

The Energy Information Administration reports a 4 million barrel increase in US crude oil inventories, with refinery inputs rising and gasoline production dropping. Crude oil impor...

Economy

Russia Considers Extending Gas Export Restrictions Amid Stable Domestic Fuel Prices

The Russian government is assessing an extension of gas export restrictions until October 2025, amid stable domestic fuel prices and no reported shortages. This follows previous ba...

Economy

Fed's Jefferson Warns: Rising Tariffs May Fuel Inflation, Economic Uncertainty Looms

Fed Vice Chair Philip Jefferson discusses the potential inflationary effects of higher tariffs, noting uncertainty over their duration. He affirms the current policy rate's adaptab...

Economy

EU Unveils Sweeping Reforms to Simplify Agricultural Regulations and Boost Farmers' Earnings

The European Commission announces reforms to simplify the Common Agricultural Policy, aiming to save billions for farmers and national administrations, with increased payments for ...