Economy News

Economy

Malaysia's Pahang Farmer Nabbed with Over 900kg of Illegally Harvested Musang King and D24 Durians

A farmer in Malaysia's Pahang was caught transporting over 900kg of illegally sourced Musang King and D24 durians from the Gunung Benum Forest Reserve. The durians, valued at RM5,0...

Economy

Federal Reserve Eyes September Rate Cut as Economic Indicators Signal Potential Recession

The Federal Reserve is considering a rate cut in September as U.S. economic indicators show signs of deterioration, with market expectations surging and Fed officials signaling rea...

Economy

Dragon Fruit Exports Face Steep Decline in June Amid Supply and Certification Challenges

Dragon fruit exports from Vietnam saw a significant decline in June due to supply constraints, unfavorable weather, and certification challenges, with China cutting purchases by 60...

Economy

Japan Swings to a Stunning ¥469.6B Trade Surplus in June, Marking a Dramatic Turnaround

Japan's trade balance swung to a ¥469.6 billion surplus in June, a notable recovery from May's deficit. Exports and imports both declined year-on-year, highlighting shifting trade ...

Economy

US Treasury's $25 Billion 30-Year Bond Auction Hits 4.813% Yield, Weakest Demand in Two Years

The US Treasury auctioned $25 billion in 30-year bonds at a 4.813% yield, facing the weakest demand in nearly two years, with a bid-to-cover ratio of 2.27. Post-auction, the 30-yea...

Economy

BoE Takes Bold Step: Cuts Key Interest Rate to 4% Amid Inflation Battle

The Bank of England has cut its key interest rate to 4%, a move aimed at addressing inflation with a cautious outlook for future adjustments based on economic indicators.

Economy

Unexpected Rise in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The US saw an unexpected rise in initial jobless claims to 226,000, with insured unemployment hitting its highest since November 2021. The four-week moving average, however, showed...

Economy

BoE Governor Urges Caution: Why Cutting Rates Too Fast Could Harm the UK Economy

Bank of England Governor Andrew Bailey warns against rapid rate cuts despite easing inflation, as the MPC narrowly votes to reduce interest rates by 25 basis points to 4%.