Economic News Category

G20 Trade Policies Tighten as Trade Growth Slows The World Trade Organization (WTO) has flagged a shift toward more restrictive trade practices among G20 nations, with their 30th monitoring report highlighting an increase in trade barriers from mid-May to mid-October 2023. Despite these measures, the value of trade facilitated by G20 still outstrips that affected

Australian Dollar Rises on Expectations of Federal Reserve Rate Reductions The Australian Dollar (AUD) has been on a positive trajectory since Wednesday, with the AUD/USD pair experiencing notable upward movement. This surge is largely attributed to market expectations of impending rate cuts by the US Federal Reserve (Fed), which in turn has put downward pressure

Yellen Calls for China to Transition Away from State-Driven Economic Practices Deemed ‘Unfair In a recent address, US Treasury Secretary Janet Yellen urged China to reconsider its state-centric economic model, which she believes is deterring investors. She highlighted the dominance of state-owned enterprises and the extensive influence of China’s security apparatus as major impediments to

Asian Markets Rally, Korean KOSPI Climbs Nearly 1% The Asian stock market landscape on Thursday presented a tableau of contrasts, yet underpinned by an overarching optimism fueled by the recent dovish turn of the US Federal Reserve. The Fed’s signals hinting at a cessation of its interest rate hikes and a prospective dip in borrowing

New Zealand Government Strips Employment Focus from Central Bank’s Role In a landmark legislative move, New Zealand’s newly formed coalition government has overhauled the Reserve Bank of New Zealand’s (RBNZ) guiding mandate. The legislation, enacted on Wednesday, narrows the focus of the central bank to primarily ensure price stability, stepping away from its previous dual