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Trump Exempts Key Electronics from China's Tariffs 04/13/2025

Argentina’s Peso Enters New Era with Currency Overhaul and Bold Economic Reforms 04/14/2025

China Retaliates in Trump's Trade War: Escalation of Trade War 04/12/2025

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Economics

ExxonMobil expects global oil demand to remain at current levels until 2050

ExxonMobil Corp. anticipates that global oil demand will stay steady at the current level until 2050. ExxonMobil stated in its annual forecast (Global Outlook) that the demand will stay over 100 million barrels per day (bpd). The company stated that although the demand for oil to produce gasoline...

BOJ Faces Challenges Amid Fed's Dovish Shift And Uncertain Domestic Politics

The U.S. Federal Reserve's recent dovish turn offers temporary relief to the Bank of Japan (BOJ) in managing the yen's weakness, yet it adds complexity to Japan's path of raising interest rates, especially as divergent policies between the two central banks may unsettle global markets. At...

US Fed's Credibility In Curbing Inflation Hinges On Action, Not Just Words, Research Finds

The U.S. Federal Reserve's ability to control inflation has been bolstered by its credibility in financial markets, but this trust had to be earned through concrete actions, according to new research presented at the Kansas City Fed's annual conference in Jackson Hole, Wyoming. While market...

China's Central Bank Shifts Focus To Manage Yuan's Sudden Strength

After months of grappling with a weakening yuan, China's central bank now faces a new challenge: managing the currency's unexpected strength. In August, the yuan has gained 1.3% against the dollar, nearly erasing its losses from the first half of the year. This marks the longest winning streak for...

Sunflower Oil Surpasses Olive Oil In Popularity As Prices Surge In Spain

In a surprising shift in Spain’s kitchen preferences, sunflower oil has overtaken olive oil as the country’s most consumed cooking oil, driven by soaring olive oil prices. Spain, renowned as the world’s largest olive oil producer, has seen a notable change in consumer behavior due to rising costs....

US Fed Officials Open Debate On Rate Cuts, September Decision Looms

At last month's Federal Reserve meeting, discussions about the timing of interest rate cuts took center stage, with some U.S. central bankers eager to kickstart the debate. The extent of support for a rate reduction starting at the upcoming September 17-18 meeting will become clearer when the...

Singapore Introduces Jobseeker Support Scheme To Aid Involuntarily Unemployed Workers

Singapore is set to roll out a new unemployment support initiative aimed at assisting workers who have been laid off or become involuntarily unemployed. Prime Minister Lawrence Wong announced the plan during his National Day Rally speech, where he also touched on key aspects of the nation's...

U.S. And China Strengthen Financial Cooperation Amid Global Economic Uncertainty

Last week, the United States and China took significant steps to enhance their cooperation on financial stability, marking a notable development in the ongoing dialogue between the world’s two largest economies. According to a readout from the People’s Bank of China (PBOC) on Monday, the agreements...

Labor Market Resilience Shifts Goldman Sachs’ US Recession Outlook

Goldman Sachs has revised its outlook on the U.S. economy, reducing the probability of a recession to 20%, down from a previously raised estimate of 25%. This adjustment comes as recent labor market data suggests that the U.S. economy remains more robust than initially feared. Earlier this...

Russian Pork Producers Capitalize On EU-China Trade Tensions To Expand In Global Markets

Russian pork producers are leveraging the ongoing trade tensions between the European Union and China to strengthen their position in global markets, particularly in China, the world’s largest pork consumer. As a new player in the $3.5 billion Chinese import market, Russia is setting ambitious...