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Saturday, 19 July 2025 03:52 WIB

Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from BRICS, six countries, basically, I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly," Trump said without specifying which nations he was referring to. The BRICS group currently includes Brazil, Russia, India, China, South Africa, and has recently expanded to include other nations. In addition to...

RECENT NEWS
Fewer US Job Openings, Layoffs Unchanged in Slowing Labor Market
Tuesday, 1 April 2025 21:40 WIB | Ekonomi AS

US job openings fell in February while layoffs remained subdued, adding to evidence of a labor market that's only gradually cooling. The number of available positions decreased to 7.57 million from a revised 7.76 million reading in January, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 7.66 million openings. The pullback in openings was driven by declines in retail trade, financial activities and accommodation and food services. After steadily declining...

US Manufacturing Activity Shrinks for First Time This Year
Tuesday, 1 April 2025 21:35 WIB | Ekonomi AS

US factory activity contracted in March for the first time this year and prices accelerated sharply for a second month as the drumbeat of higher tariffs reverberated through the economy. The Institute for Supply Management's manufacturing index declined 1.3 points last month to 49, according to data released Tuesday. Readings below 50 indicate contraction and the figure was slightly weaker than the median production in a Bloomberg survey of economists. The group's price measure increased another 7 points to 69.4, still the highest since June 2022. Over the past two months, the...

China Services Sector Growth Hits 3-Month High
Monday, 31 March 2025 09:07 WIB |

China's official NBS Non-Manufacturing PMI rose to 50.8 in March 2025, up from 50.4 in February, marking the highest reading in three months and exceeding market expectations of 50.5. The new orders index climbed to 46.6%, up 0.5 percentage points from the previous month, signaling a rebound in demand within the non-manufacturing sector. The input price index edged up to 48.6%, rising 0.2 points, indicating a slower decline in operating costs for non-manufacturing firms. Meanwhile, the sales price index fell to 46.7%, down 1.1 points, suggesting that overall sales prices continued to...

Japan Production Rises Most in 11 Months Ahead of New US Tariffs
Monday, 31 March 2025 07:48 WIB | industri Jepang sektor industri Industri

Japan's industrial production grew at the fastest clip in nearly a year, as manufacturers sought to meet strong demand before the US implements new tariffs on autos and auto parts. Factory output increased in February by 2.5% from January, the first advance in four months and marking the fastest gain since March last year, the Industry Ministry reported Monday. Economists had expected a 2.0% gain. Output rose 0.3% from a year ago, missing the consensus call of a 1.2% rise.  The ministry also reported that retail sales increased 0.5% in February from...

Weak spending, sticky prices, rising inflation expectations a bad mix for Fed
Saturday, 29 March 2025 00:45 WIB | Federal Reserve

The U.S. Federal Reserve's seemingly locked-in path to a soft landing, already roiled by the arrival of the Trump administration, may be growing even more complicated as evidence of consumer caution about spending starts to align with new inflation risks and another jump in inflation expectations. Consumer spending and inflation data for February accentuated the point, with spending near zero once adjusted for inflation and a key measure of inflation itself increasing. "No matter how you want to slice it, it's shaping up to be a very weak quarter for real spending, and it may end up being...

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ASIA
China Manufacturing Shrinks for 3rd Month
Monday, 30 June 2025 09:46 WIB

China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity. It...

EUROPE
European Shares Muted
Friday, 6 June 2025 14:47 WIB

Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...

GLOBAL ECONOMY
Trump Plans Uniform Tariff Letter for Over 150 Countries
Thursday, 17 July 2025 07:41 WIB

President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's all going to be the same for everyone, for that...