Economy

US Core Inflation Rises 3.3% in July, Clouding Fed’s Rate Path

US core PCE prices rose 3.3% annually in July, below forecasts but above the Fed's 2% target, clouding the outlook for September interest rate decisions.

Bank of Korea Raises Rate to 3% in Second Straight Hike

The Bank of Korea raised its benchmark rate 25 basis points to 3.0% on Thursday, a second straight hike backed by a chip-led export boom.

Warsh Cuts Fed Statement to 130 Words, Drops All Rate-Cut Language

Fed Chair Kevin Warsh shortened the post-meeting statement to 130 words from 341, removing all mention of future rate cuts and hinting at higher-for-longer

Trump Demands FCC Punish NBC Host, Treasury Bars Reporters From G20

Trump called for FCC punishment of NBC host Kristen Welker on Sunday as the Treasury barred NYT, WSJ and Bloomberg reporters from G20 events.

Bessent Says U.S. Will Sanction Another Bank Over Iran Ties This Week

Treasury Secretary Scott Bessent said the U.S. will sanction another bank this week to clamp down on Iran transactions, ahead of G20 meetings in North Caro

Premier Li Champions Innovation-Driven Growth in Guangdong, Urges Strong Start to 15th Five-Year Plan

Premier Li Qiang concluded a significant inspection tour of Guangdong Province, emphasizing the critical role of innovation in driving China's future development. The visit,...

China’s Green Ambitions: A Strategic Economic Gambit

China is increasingly leveraging its ambitious climate goals as a strategic economic advantage. By investing heavily in renewable energy and green technologies, the nation...

China Targets $980 Billion Sports Economy by 2030

China is embarking on an ambitious plan to significantly expand its sports sector, aiming to reach a valuation of 7 trillion yuan (approximately $980...

China Charts Course for 2026: Proactive Policies, Consumer Boost, and Strategic Tariff Adjustments

China is signaling a proactive approach to its economic trajectory for 2026, with significant policy adjustments aimed at bolstering domestic demand and fostering strategic...

China’s Manufacturing Sector Navigates Overcapacity, Expansion, and Export Curbs

China's manufacturing sector is presenting a complex picture, marked by signs of overcapacity and industrial expansion, while simultaneously implementing export restrictions on key materials....

China’s Hidden Bond Tactic Offers Double Yields in Hong Kong

A clandestine practice, previously cracked down upon in mainland China, is resurfacing in Hong Kong's bond market. Local government financing vehicles (LGFVs) are reportedly...

China Continues Gold Accumulation for Ninth Month as Forex Reserves Decline

China's central bank has continued its strategy of increasing gold holdings, marking the ninth consecutive month of accumulation in July. This move comes as...

China’s US Treasury Holdings Hit 17-Year Low Amid Shifting Global Economic Landscape

China has significantly reduced its holdings of U.S. Treasury bonds, reaching the lowest level since 2008. This strategic shift, occurring over several years, reflects...

China’s Economy Shifts Gears: AI, Green Energy, and Niche Tourism Drive Growth

China's economy is undergoing a significant structural transformation, with emerging industries like artificial intelligence and new energy sources poised to reshape the labor market...

China Ushers in 2026 with Economic Optimism and Cultural Flourishing

China has welcomed 2026 with widespread celebrations and a palpable sense of optimism, building on a successful 2025 that marked the completion of its...

China Rolls Out New Strategies to Stabilize Troubled Property Market

China's government is prioritizing the stabilization of its real estate sector, signaling a significant shift in economic policy. Facing mounting concerns over economic stability,...

China’s Property Market Plunges Deeper: Falling Prices and Sluggish Sales Signal Prolonged Downturn

China's real estate market is grappling with a deepening downturn, marked by persistent price declines and weak sales, now entering its fifth year. Despite...

China’s Property Woes Deepen: Vanke Seeks Bond Extensions Amidst Muted Credit Growth

China's real estate sector is facing renewed pressure as major developer China Vanke seeks extensions on bond payments, signaling a potential deepening of the...

Economic Uncertainty Fuels Rise of Recession-Based Content Online

Amid growing economic concerns, Kiki Rough, a 28-year-old self-employed consultant, has turned to sharing her experience and knowledge of cooking affordable meals during tough...

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