Opec+ Set to Assess Continuation of Oil Production Cuts in March, Maintains Current Output Policy
On February 1, sources from Opec+ revealed plans to evaluate the continuation of voluntary oil production reductions in March. These cuts, amounting to approximately 2.2 million barrels per day (bpd)…
Global Factory Activity Shows Mixed Results in January
The beginning of 2024 saw a varied performance across global manufacturing sectors, highlighted by the latest surveys released on February 1. Weak demand from China impacted Asia’s economic stability, while…
China Issues Warning to Ukraine for Labeling Its Enterprises as ‘War Sponsors’
In Kyiv, on February 1, tensions escalated as China communicated concerns to Ukraine over the potential damage to bilateral relations following Kyiv’s decision to label over a dozen Chinese firms…
China Vows to Continue Fiscal Expansion to Boost Economic Growth
The government plans to sustain a robust level of fiscal expenditure and continue transfer payments to local governments. The focal point of fiscal policy will be to expand domestic demand.…
China Implements Property Support Initiatives Amid Evergrande Crisis Concerns
As China faces mounting concerns over the liquidation of the Evergrande Group, the nation has launched significant new measures to support its property sector, marking a pivotal move towards stabilizing…
Anticipated Impact: Hong Kong’s Decline on High-End Urban Property Values
Savills plc, a leading real estate firm, has predicted that at least a dozen major cities, including Hong Kong, New York, and San Francisco, are likely to experience a decline…
Philippine Economy Achieves the Highest Growth Rate in Southeast Asia
The Philippines emerged as Southeast Asia’s fastest-growing economy in 2023, outpacing both Vietnam and Malaysia. Gross domestic product (GDP) expanded by 5.6%, exceeding the median growth rate of 5.5% predicted…
IMF Anticipates Global ‘Soft Landing’ on Horizon, Revises Upward 2024 Economic Growth Forecast
On Tuesday, the International Monetary Fund (IMF) slightly raised its global economic growth forecast, enhancing the projections for the United States and China, the globe’s primary economic powerhouses. This revision…
US consumer confidence reaches its peak since late 2021
As of January 30, 2023, the United States has witnessed a notable rise in consumer confidence, reaching its zenith since the close of 2021. This uptick is attributed to Americans’…
Fed anticipated to maintain stable interest rates while beginning to evaluate potential reductions
As we approach the conclusion of the Federal Reserve‘s two-day policy meeting this Wednesday, the financial world watches closely. With interest rates at a 22-year peak of 5.25% to 5.5%…