global economy News

Bank of Japan Highlights Global Economic Uncertainties Amidst Recovery Signs

The Bank of Japan expresses caution over the global economic outlook, with board members acknowledging high uncertainty despite inflation easing expectations. Discussions included ...

Trump Imposes Steep Tariffs on 69 Countries, Including a 35% Hike on Canadian Goods Amid Trade Tensions

President Trump has escalated trade tensions by imposing steep tariffs on 69 countries, including a significant 35% hike on Canadian goods, citing trade imbalances and national sec...

Hassett Predicts Fed Rate Cuts Amid Data Dependency and Global Trade Optimism

Kevin Hassett discusses the Federal Reserve's potential rate cuts based on data trends and expresses optimism about US trade negotiations with India, Canada, and China.

Trump's Trade War Escalates: India Faces 25% Tariff Amid Global Economic Tensions

US President Donald Trump's trade war escalates as India faces a 25% tariff, marking a significant moment in global economic tensions. The article outlines the evolution of Trump's...

IMF Boosts India's Growth Forecast to 6.4% for 2025 & 2026, Solidifying Its Lead as the Fastest-Growing Major Economy

The IMF has revised India's economic growth forecast upwards to 6.4% for 2025 and 2026, reinforcing its status as the fastest-growing major economy. Global growth projections also ...

IMF Warns of Global Economic Uncertainty and Front-Loading Ahead of Tariff Increases

IMF's Gita Gopinath warns of high global economic uncertainty and discusses new trade dynamics, including front-loading ahead of tariffs and trade diversion, while noting a cooling...

OPEC Holds Steady: Global Oil Demand Growth Forecast Remains at 1.3 Million Barrels Per Day

OPEC's July report reaffirms a steady global oil demand growth of 1.3 million bpd for 2025 and 2026, with non-OECD countries driving most of the increase. The transportation sector...

German Trade Leader Condemns Trump's 30% Tariffs on EU, Warns of Global Economic Chaos

Dirk Jandura, head of Germany's BGA, criticizes Trump's 30% tariffs on the EU, warning of global economic chaos and urging Europe to seek independence from the U.S. market. The EU ...

ECB's Fabio Panetta Advocates for Flexible Monetary Policy Amid Global Economic Shifts

Fabio Panetta of the ECB calls for a flexible monetary policy approach, highlighting opportunities for Europe amidst global economic shifts and the potential decline of US market d...

ECB's Escriva Warns: Europe Navigates a More Complex and Adverse Global Landscape

ECB's Escriva warns of a more complex and adverse global environment for Europe, highlighting geopolitical fragmentation, military conflicts' impacts, and the urgent need for a str...

US Stock Markets Show Resilience Amid Tariff Uncertainty, Eyes on August 1 Deadline

US stock markets opened higher, recovering from previous losses as President Trump extends the trade deal deadline to August 1. New tariffs spark international concern, with market...

Trump Extends Tariff Deadline to August 1, Imposes 25% on South Korean Imports Amid Trade Negotiations

President Trump extends the tariff grace period to August 1, imposing a 25% tariff on South Korean imports, while leaving room for negotiation. The move is part of a broader strate...

Trump's New Tariffs Spark Sharp Decline in US Stock Markets at Close

US stocks closed sharply lower after President Trump announced new tariffs on imports from Japan, South Korea, and other countries, raising fears of escalating trade tensions and t...

US Dollar Surges to New Heights Against Vietnamese Dong Amid Global Economic Shifts

The US dollar has reached a new high against the Vietnamese dong, with Vietcombank reporting a 0.09% increase in sales. The State Bank of Vietnam has adjusted its reference rate by...

Historic Plunge: U.S. Dollar Experiences Its Sharpest Decline in Over Half a Century

The U.S. dollar has experienced its sharpest decline in 51 years, dropping 10.8% in the first half of the year due to unpredictable policies and global uncertainties, marking its s...

Global Shift: U.S. Dollar's Reign in Foreign Exchange Reserves Faces Unprecedented Decline

The U.S. dollar's share in global foreign exchange reserves has reached a historic low, with countries turning to gold and the Japanese yen as alternatives. This shift reflects gro...

China's Trade Surplus Soars to $96.2B in April: A Sign of Economic Resilience?

China reported a staggering trade surplus of $96.2 billion in April, highlighting its robust position in global trade. This development comes at a time when the global economy face...

Gold Prices Surge to a 5-Day High Amid Global Economic Uncertainties

Gold prices have surged to a 5-day high, with Saigon Jewelry Company gold bar rising by 1.51% and gold rings by 1.3%. Despite global prices dipping due to eased trade tensions, the...

Warren Buffett Voices Alarm Over US Fiscal Policy's Global Impact

Warren Buffett expresses deep concern over the US fiscal policy and its global implications, warning of the trend towards weaker currencies and its significant consequences.

Oil Prices Take a Dip Amid OPEC+ Meeting Anticipation and US-China Trade Tensions

Crude prices fell as investors await the OPEC+ meeting and remain doubtful about China-US trade dispute resolution. Concerns over global economic downturn and reduced oil consumpti...

Oil Prices Slide Amid Skepticism Over US-China Trade Talks and OPEC+ Meeting

Crude oil prices declined due to investor skepticism over US-China trade talks and anticipation of the OPEC+ meeting. Concerns over a global economic downturn and reduced oil consu...

S&P Downgrades India's GDP Growth Forecast Again Amid Trump's Tariff Uncertainty and Global Economic Concerns

S&P Global Ratings has downgraded India's GDP growth forecast for 2025-26 to 6.3%, citing Trump's tariff policies and global economic uncertainties. The RBI has also revised its gr...

ECB's Cipollone Warns: Trump's Tariffs Could Deeply Impact Global Economy and Stability

ECB's Piero Cipollone warns that Trump's tariffs could have a significant impact on the global economy, highlighting risks of Western bloc fragmentation and long-term consequences ...

ECB's Cipollone Warns: Trump's Tariffs Could Have Significant Impact on Global Economy

ECB's Piero Cipollone warns that Trump's tariffs could significantly impact the global economy, risking fragmentation within the Western bloc and threatening international partners...

ECB's Piero Cipollone Warns: Trump's Tariffs Could Deeply Impact Global Economy and Stability

ECB's Piero Cipollone warns that Trump's tariffs could have significant, far-reaching effects on the global economy, risking fragmentation within the Western bloc and threatening i...

ECB's Piero Cipollone Warns of Material Impact from Trump's Tariffs on Global Economy

ECB's Piero Cipollone warns of the significant impact of Trump's tariffs on the global economy, highlighting risks of trade fragmentation and threats to international partnerships,...

ECB's Cipollone Warns of Significant Economic Impact from Trump's Tariffs

ECB's Piero Cipollone warns of the material effects of Trump's tariffs on the global economy, highlighting risks of fragmentation and long-term impacts on growth and stability.

ECB's Cipollone Warns: Trump's Tariffs Could Deeply Impact Global Economy and Stability

ECB's Piero Cipollone warns that Trump's tariffs could significantly impact the global economy, risking Western bloc fragmentation and threatening international partnerships. The l...

ECB's Cipollone Warns: Trump's Tariffs Could Deeply Impact Global Economy and Stability

ECB's Piero Cipollone warns that U.S. tariffs under Trump could significantly impact the global economy, risking fragmentation within the Western bloc and threatening long-term gro...

Dramatic 45% Drop in China-U.S. Container Volume Signals Deepening Trade War Impacts

The U.S.-China trade war leads to a 45% drop in container volume, affecting global trade, manufacturing strategies, and political landscapes, with negotiations ongoing to mitigate ...

India's Economic Reforms and Growth: RBI Governor Highlights Commitment Amid Global Challenges

RBI Governor Sanjay Malhotra emphasizes India's commitment to economic reforms and growth, highlighting liberalization in key sectors, FDI openness, and monetary policy achievement...

Gold Prices Rebound Strongly: A Detailed Look at Market Trends and Global Impact

Gold prices show a mixed trend with local markets witnessing a surge while global spot gold prices dip. Analysts weigh in on the impact of trade policies and investor sentiments.