Market News

The UK economy faced challenges in January, with a £49 billion public maintenance backlog, a National Insurance hike pressuring businesses, and a downward revision in GDP growth forecasts. Wind power surpassed gas as Britain’s top electricity source in 2024, marking a milestone in the country’s energy transition. The Bank of England expects 1.5% growth in […]

Canada’s economy showed resilience in January, adding 91,000 jobs while unemployment dipped to 6.7%. Home sales cooled from November but remained significantly higher year-over-year. Inflation eased to 1.8%, aided by a sales tax relief program. The Bank of Canada cut its key interest rate to 3% amid concerns over potential U.S. tariffs. Stock markets rebounded,

The U.S. economy remained stable in January, with key policy and market developments shaping the landscape. President Donald Trump suspended offshore wind leasing for environmental and economic review, while the Biden administration secured most IRA clean energy grants from potential clawbacks. The Federal Reserve kept interest rates unchanged, emphasizing data-driven decisions amid policy uncertainties. Solar

Indonesia implemented a 15% global minimum corporate tax from January 1, aligning with international tax reforms. Bank Indonesia unexpectedly cut its benchmark rate to 5.75% to support economic growth, while inflation remained stable at 1.57% in December. The country officially joined BRICS as its 11th full member, reinforcing its commitment to global economic collaboration. In

Saudi Arabia’s economy in January 2025 remained stable, with inflation at 1.7%, primarily driven by rising housing costs. The Kingdom’s crude oil production increased by 1.21% year-on-year, while natural gas production is projected to grow by 4% in 2025 with major projects like Jafurah and Tanajib. The Tadawul All-Share Index rose by 2.67%, while the

India’s economy in January 2025 saw significant fiscal and inflationary developments. The federal government disbursed ₹1.73 trillion ($20.13 billion) to states for capital projects and welfare programs, while fiscal deficit projections improved to 4.7%-4.8% of GDP, lower than the estimated 4.9%. Retail inflation slowed to 5.22% in December, though wholesale inflation accelerated to 2.37%, driven

Indonesia is strengthening its economic resilience by planning a state-backed investment fund, with President Prabowo Subianto targeting $982 billion. The government limited its VAT hike to 12% for luxury goods, while Bank Indonesia held its key rate at 6% to support the rupiah. The Indonesia Investment Authority (INA) is expanding its investment scope to drive

Saudi Arabia’s economy experienced significant growth in December, with FDI surging 37% quarter-on-quarter, increased tourism spending, and a lower unemployment rate of 3.7%. Consumer spending also rose sharply, contributing to economic momentum. The stock market performed well, with the Tadawul All-Share Index gaining 3.39%. Saudi Aramco adjusted its LPG prices for January, while the National

Malaysia’s economy showed resilience in December, with inflation easing to 1.8% and GDP growth projected to remain steady at 4.0%-5.0% in 2025. Strong exports and increased investments drove economic expansion, while Malaysia took a significant step in sustainable trade by exporting certified rubber to the EU. Strengthened economic ties with China saw bilateral trade reach

India’s economy faced multiple challenges in December, with a widening fiscal deficit, a depreciating rupee, and declining stock market performance. Government spending on subsidies and infrastructure pushed the fiscal deficit to 52.5% of the annual target, while the rupee hit a record low due to global currency pressures, prompting the Reserve Bank of India (RBI)