Economy News

Economy

South Korea Set to Host Historic APEC Trade Ministers' Summit on Jeju Island

South Korea is gearing up to host the APEC trade ministers' summit on Jeju Island, with high-profile attendees including the U.S. Trade Representative and delegates from China, the...

Economy

Trump's Tariff Strategy Unveiled: 10-30% Range Sets Global Trade Benchmarks

Analysis suggests the 10-30% tariff range in recent U.S. agreements with the UK and China sets benchmarks for Trump's trade strategy, with potential flexibility for individual coun...

Economy

KIEP Forecasts a Weakening U.S. Dollar in Latter 2025 Amid Global Economic Slowdown and Trade Wars

KIEP predicts a global economic slowdown to 2.7% growth in 2025, with a potential weak dollar trend emerging due to U.S. economic challenges. Country-specific projections indicate ...

Economy

US and China Forge Historic 90-Day Tariff Reduction Agreement, Boosting Market Optimism

The US and China have agreed to a 90-day reduction in tariffs, a move announced by U.S. Treasury Secretary Scott Bessent. This decision has led to a significant surge in Hong Kong ...

Economy

Japan's Producer Prices Climb 4% in April, Signaling Economic Shifts Amid Global Trends

Japan's Producer Price Index rose by 4% in August year-on-year, matching expectations but slowing from July's 4.2%. Monthly PPI growth also eased, while export and import prices de...

Economy

South Korea's April Unemployment Rate Hits Record Low, Sparks Economic Optimism

South Korea's unemployment rate unexpectedly dropped to 2.7% in April, with employment numbers rising by 194,000. The employment rate for ages 15-64 also increased, reflecting posi...

Economy

Surprising Surge: US Oil Inventories Jump by 4.29M Barrels, Distillates Also Rise

US crude oil inventories surged by 4.29 million barrels last week, with distillates also rising unexpectedly. Gasoline stockpiles fell, and Cushing reserves saw a decrease, indicat...

Economy

Fitch Warns: US-China Trade De-escalation Far from Normalization, Risks Remain

Fitch Ratings warns that recent US-China trade de-escalation does not indicate normalization, citing ongoing uncertainties and risks to global trade and supply chains. The agency n...