https://www.intlnews.top/economics/ Global News Digest - Latest Economics News Tue, 02 Jun 2026 10:28:20 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_UK-Mortgage-Approvals-Climb-to-15-Month-High-Despi_2748/ UK mortgage approvals hit a 15-month high, defying the uncertainty of the Iran conflict. This surge highlights resilient housing demand despite global geopolitical tensions. Tue, 02 Jun 2026 08:46:21 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_South-Africa-Business-Mood-Slips-as-Iran-War-Upend_2747/ South African business sentiment deteriorates as the Iran conflict disrupts interest rate projections, creating economic uncertainty. Tue, 02 Jun 2026 08:44:35 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_Bank-of-Thailand-Governor-Sees-No-Need-to-Raise-Ra_2540/ Bank of Thailand Governor states there is no immediate need to raise interest rates. Tue, 02 Jun 2026 07:56:45 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_India-to-Unveil-Broader-Gauge-for-Inflation-in-Dat_2413/ India will unveil a broader inflation gauge as part of a data overhaul, expanding metrics beyond current measures to provide a more comprehensive view of price trends. Tue, 02 Jun 2026 07:30:21 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_Japans-Duty-Free-Sales-Climb-in-May-as-Tourism-Boo_2420/ Japan’s duty-free sales rose in May despite a tourist dip caused by Middle East tensions and China disputes. The country remains on track to welcome 60 million visitors by 2030. Tue, 02 Jun 2026 03:36:00 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_Southeast-Asias-Factories-Ramp-Up-on-Robust-Domest_2416/ Robust domestic demand is driving manufacturing expansion across Southeast Asia, shifting the region from its traditional role as a low-cost export hub for the US to a key consumer market. Tue, 02 Jun 2026 02:59:20 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_RBAs-Harper-Worries-Over-Uptick-in-Inflation-Expec_2417/ RBA Governor Michele Harper is concerned about a recent uptick in inflation expectations, signaling potential vigilance on monetary policy. Tue, 02 Jun 2026 02:40:41 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_Chiles-Government-Seeks-62-Billion-in-Additional-D_2418/ Chile’s government seeks $6.2 billion in new debt sales. President Jose Antonio Kast addressed the nation in Valparaiso on June 1. Tue, 02 Jun 2026 02:14:58 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_Australia-Raises-Minimum-Wage-Rate-by-475-Citing-U_2419/ Australia raised its minimum wage by 4.75% to address current economic uncertainty. This adjustment aims to support workers amidst financial volatility. Tue, 02 Jun 2026 01:43:46 +0000 https://www.intlnews.top/economics/2026/06/02/bloomberg_Japans-Katayama-Says-Always-Ready-to-Take-Steps-on_2421/ Japan’s Katayama reaffirms readiness to take necessary steps on currency issues as needed. This statement underscores Tokyo's vigilance regarding exchange rate fluctuations and its commitment to maintaining financial stability through potential intervention. Tue, 02 Jun 2026 00:48:04 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_S-Koreas-Inflation-Accelerates-Supporting-BOKs-Haw_2426/ South Korea’s accelerating inflation reinforces the Bank of Korea’s decision to maintain a restrictive monetary policy stance. Mon, 01 Jun 2026 23:00:37 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_US-Manufacturing-Activity-Expands-by-Most-in-Four-_2423/ US manufacturing activity expanded at its fastest pace in four years, signaling strong sector growth. This surge reflects renewed industrial momentum across the country. Mon, 01 Jun 2026 14:00:00 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_Peru-Inflation-Unexpectedly-Slows-Still-Running-Ov_2425/ Peru’s inflation unexpectedly slowed but remains above the central bank’s target, defying economist predictions. Mon, 01 Jun 2026 13:53:40 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_Apollos-Slok-Says-AI-Will-Dash-Warshs-Hopes-for-Qu_2429/ Apollo’s Samir Flore warns AI-driven market dynamics may delay Fed rate cuts, challenging Warsh Capital’s expectations for a quick reduction in borrowing costs. Mon, 01 Jun 2026 13:29:56 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_Chile-Economy-Starts-Second-Quarter-With-Minimal-M_2427/ Chile’s economy enters the second quarter with negligible monthly growth. This minimal expansion signals a sluggish start to the period, as illustrated by activity in Santiago's financial district. Mon, 01 Jun 2026 12:53:58 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_Indias-Factory-Output-Expands-49-Under-Revised-Dat_2430/ Revised data reveals India’s industrial production expanded by 4.9%, reflecting active manufacturing growth. This update highlights the sector's robust performance, exemplified by operations in Gujarat. Mon, 01 Jun 2026 11:51:26 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_India-May-Scale-Back-UK-FTA-Concessions-Over-Steel_2424/ India may reduce UK FTA concessions in response to steel tariffs. This potential move follows recent industrial production data releases from facilities like Jindal Stainless. Mon, 01 Jun 2026 11:41:12 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_South-Africa-Gasoline-Prices-Hit-Record-With-Relie_2422/ South Africa’s gasoline prices hit record highs after the government reversed previous fuel relief measures. Mon, 01 Jun 2026 11:10:10 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_How-the-AI-Boom-Is-Rewiring-Asias-Growth-Model_2435/ Nvidia’s resumption of H200 sales to China signals Asia’s deepening integration into the global AI supply chain, reshaping the region’s economic growth model through advanced semiconductor demand. Mon, 01 Jun 2026 11:00:04 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_Trumps-Trade-Chief-Takes-a-Globalist-Victory-Lap_2431/ US Trade Representative Jamieson Greer celebrated globalist victories at the 2026 Davos WEF. His Bloomberg interview highlighted Trump administration trade successes during the January summit. Mon, 01 Jun 2026 11:00:01 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_South-Africa-Factory-SentimentWorsens-as-Demand-Fa_2428/ South Africa’s factory sentiment worsens as fading demand hits key industries like automotive. This slump pressures manufacturers, signaling a deteriorating industrial outlook. Mon, 01 Jun 2026 09:00:46 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_China-Leads-Economic-Shift-to-Industrial-Doping-OE_2434/ The OECD reports China is pivoting to industrial “doping,” with domestic firms capturing 54% of the robot market in 2025. Government backing is expected to further expand this share. Mon, 01 Jun 2026 09:00:00 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_UK-Factory-Growth-Spurt-Set-to-Be-Short-Lived-PMI-_2438/ UK PMI data indicates the recent surge in factory output is temporary, suggesting the current growth spurt will not be sustained long-term. Mon, 01 Jun 2026 08:30:00 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_ECB-Says-ConsumerPrice-Expectations-Ease-But-Stay-_2436/ ECB officials expect a July rate hike but rarely discuss a 50-basis-point increase. Despite easing, consumer price expectations remain elevated. Mon, 01 Jun 2026 08:00:00 +0000 https://www.intlnews.top/economics/2026/06/01/bloomberg_India-Holds-Jet-Fuel-Prices-Steady-After-Airline-P_2433/ India kept jet fuel prices steady after the aviation sector pleaded for relief, maintaining current rates in response to industry requests. Mon, 01 Jun 2026 03:27:43 +0000 https://www.intlnews.top/economics/2026/05/31/bloomberg_Bond-Trader-Bets-on-Fed-Hike-Poised-for-Gut-Check-_2432/ A bond trader’s Fed hike bet faces a critical test from upcoming jobs data. Meanwhile, NYC’s 350 Park Avenue project faces uncertainty due to Mayor Mamdani’s tax remarks. Sun, 31 May 2026 19:00:00 +0000