Economic News Category

China Sees Unexpected Industrial-Led Growth Surge China reported higher-than-expected economic growth in the first quarter, with a 5.3% increase in GDP, surpassing previous quarters and expectations. However, this growth was mostly seen in the initial months, as evidenced by a slump in retail sales and a slowdown in industrial output in March, signaling potential difficulties

Japan’s Machinery Orders Surge, Potentially Easing Domestic Demand Worries In February, Japan’s crucial measure of capital investment, core machinery orders, saw its largest increase in a year, indicating a robust recovery from a decline the previous month. This uplift could help alleviate concerns about sluggish domestic demand amid fears over a weakening yen and rising

Solana’s MarginFi Faces Major Withdrawals Following CEO’s Resignation In a dramatic series of events, MarginFi, a Solana-based borrowing and lending platform, has experienced substantial withdrawals amounting to over $260 million within just two days. This mass exodus was triggered by a public accusation from the staking protocol SolBlaze (BLZE) and compounded by the sudden resignation

Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline On Thursday, the U.S. dollar exhibited robustness following the release of U.S. inflation data that surpassed expectations. This data dampened the previously held anticipation of the Federal Reserve commencing its rate-cutting cycle as early as June. Meanwhile, the yen experienced a significant decline, dropping

Chinese Investments in Australia Fall to AUD 1.34 Billion, Down 36% – Study In 2023, Chinese investment in Australia witnessed a significant decrease, plunging 36% to AU$1.34 billion from AU$2.1 billion in the previous year. This downturn is highlighted in the recent “Demystifying Chinese Investment in Australia (April 2024)” report by KPMG Australia and The