Economic News Category

China Must Enhance Productivity in Light of Demographic Challenge, Advises Economist Amidst the demographic intricacies China faces, the call to elevate productivity has emerged as a pressing concern, according to David Mann, the Chief Economist for Asia-Pacific, Middle East, and Africa at the Mastercard Economics Institute. Mann emphasized that the need to invigorate productivity is

Chinese Traders to Gradually Restart Australian Barley Imports Chinese traders are poised to resume importing Australian barley following an announcement by China’s Ministry of Commerce (MOFCOM) stating an end to anti-dumping and countervailing duties on the crop, effective from Saturday. Industry sources informed the Global Times about the development, which is seen as a response

Euro Hovers Near 1.0950 Ahead of US NFP Data Release As the week draws to a close, the Euro (EUR) continues to trade in an uncertain manner against the US Dollar (USD), keeping the EUR/USD pair confined within a tight trading bracket around the 1.0950 mark. The uncertainty is mirrored in the USD Index (DXY),

Asian Stock Market Continues Negative Trend Asian equity markets have been experiencing a continued negative trend recently, with several markets recording losses. The ripple effects of Fitch Ratings’ downgrade of the US government’s Long-Term Foreign Currency Issuer Default Rating from AAA to AA+ are becoming increasingly evident across global markets. This downgrade was due to

Manufacturing Sector Activity in the US Remained Weak in July Manufacturing activity in the United States remained weak in July, as indicated by the July ISM Manufacturing Index, which recorded a reading of 46.4. Although this was a slight improvement from June’s reading of 46.0, it fell short of the market’s expectation for a stronger