Economic News Category

Data Shows US Treasury Foreign Holdings Rise in July, China’s Holdings Decline Foreign holdings of U.S. Treasuries extended their upward trajectory for the second consecutive month in July, defying the backdrop of interest rate uncertainty fueled by a medley of economic indicators. According to data from the Treasury Department, total foreign holdings of U.S. Treasuries

China’s Dedication to Enhancing Belt and Road Collaboration Chinese Premier Li Keqiang has underscored China’s strong commitment to advancing cooperation along the Belt and Road initiative during a series of crucial meetings with leaders from Laos, Vietnam, Indonesia, and Malaysia. The discussions took place in the backdrop of the 20th China-ASEAN Expo and the China-ASEAN

USD Index Corrects Lower to 105.30, Awaits Data The USD Index (DXY), measuring the greenback against its major counterparts, experiences a slight retreat, trading around the 105.30 level at the week’s end. This decline comes after three consecutive daily gains that followed Thursday’s peak in the 105.40/45 range. The subdued risk appetite across global markets

Challenges and Concerns Arise from Weak Machinery Orders in Japan Japan is currently grappling with a pressing policy challenge and growing concerns about its economic outlook, primarily stemming from a more significant than anticipated decline in core machinery orders. These orders, which serve as a critical leading indicator of Japanese business spending, have slumped by

Japan’s Wholesale Inflation Slows for 8th Month, Stays Above Target In the latest economic update from Japan, the nation’s wholesale inflation rate exhibited a continuing trend of deceleration in August, marking the eighth consecutive month of decline. This development is likely to be received with relief by households and retailers alike, who have been grappling