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US Gas Producers Await LNG Boom to Drive 2025 Production Surge

US gas producers are poised to ramp up production in 2025 as supply-demand fundamentals tighten, but the timing and extent of this increase will hinge on winter severity and the ramp-up of new liquefied natural gas (LNG) export projects, according to market players, as reported by S&P Global.

China to Boost Fiscal Support for Consumption in 2023

China will significantly increase fiscal support for consumption next year, aiming to stimulate domestic demand and drive economic growth, according to a statement released by the finance ministry on Tuesday, as reported by Reuters. The ministry, following a two-day national fiscal work conference, outlined a series of measures designed to

Europe's High Energy Taxes Hinder Industries, Warns Power CEO

Governments aiming to support struggling European industries should prioritize tackling high energy taxes, which are eroding competitiveness, says the head of Europe's electricity lobby, Eurelectric, to Reuters. The European Union is currently drafting a package of measures to assist industries facing challenges, including manufacturing giants warning of plant

China Urged to Curb Overinvestment in Inefficient Infrastructure

A Beijing-based think tank, Anbound, has called for a curb on China's overinvestment in large, inefficient infrastructure projects. As reported by the South China Morning Post, the think tank argues that outdated practices, rather than true economic need, are the root cause of this issue. At a recent

South Korea to Ease FX Rules, Pump More Funds into Market

South Korea will loosen foreign exchange regulations and inject more funds into the domestic stock market in an effort to stabilize the won and broader financial system, according to a report by Korea Economic Daily. These measures aim to counter the recent sharp depreciation of the won against the US

ECB to Crack Down on Banks Ignoring Supervisory Demands

The European Central Bank (ECB) is preparing to take a tougher stance against banks that are slow to address its supervisory findings, reports Bloomberg. The central bank, which oversees the eurozone's top financial institutions, has issued thousands of supervisory measures since assuming its oversight role in 2014. However,

South Korea Overtakes Japan in Per Capita GDP for First Time, Signaling Shift in Economic Power

South Korea has surpassed Japan in per capita gross domestic product for the first time ever, according to data released by Japan's Cabinet Office. The shift, reported by Nikkei Asia, marks a significant change in the economic landscape of East Asia and is attributed to Japan's

ECB President Signals End to Inflation Surge, But Cautions on Services and Wages

European Central Bank (ECB) President Christine Lagarde has indicated that the Eurozone is nearing the point where it can declare victory over the recent surge in inflation, but cautioned that vigilance is still needed, particularly regarding services and wage growth. In an interview with the Financial Times’ Martin Wolf on

High Interest Rates Squeeze Russia's Railway Industry, Impacting China Trade

Sanctions and Russia's war in Ukraine are creating a perfect storm for Russia's railway industry, severely impacting its crucial trade channel with China, reports Business Insider. The Russian railway sector is experiencing its most significant slowdown since the Great Financial Crisis, according to an analysis by

US New Home Sales Rebound in November, But Rising Mortgage Rates Loom

Sales of new US single-family homes rebounded in November after being depressed by hurricanes the previous month, according to the Commerce Department's Census Bureau. However, rising mortgage rates could dampen sales in the coming year, reports Reuters. New home sales jumped 5.9% to a seasonally adjusted annual