International News 15/11

November 15, 2024 No. 200

US Inflation Picks Up Steam: Core Prices Surge.

US inflation remained high in October 2024, presenting a challenge for Federal Reserve officials in controlling price pressures. The latest data from the US Bureau of Labor Statistics indicates a 0.2% month-on-month increase in inflation, marking the fourth consecutive monthly increase. Furthermore, the data shows a 2.6% year-on-year increase, representing the first annual rise since March. The increase in residential prices accounted for over half of the overall monthly increase. Furthermore, core inflation, which excludes food and energy costs, increased by 0.3% for the third consecutive month and rose at an annualized rate of 3.6% over the past three months, representing the highest pace since April. The lack of progress in combating inflation is evident in the recent rise in goods prices after a year of consistent declines and the continued high cost of housing. The slight decrease in auto insurance costs provided only minimal relief for consumers. These figures illustrate the difficulty of managing inflation, which often experiences a period of stagnation or slow decline before a more significant decrease.

Inflasi Tahunan AS Naik Jadi 2,6% per Oktober 2024

 

US Challenges China's Dominance: Major Rare Earth Find.

The United States has made a significant discovery of over 2 billion tons of rare earth minerals, positioning itself as a potential leader in the global mineral and technology industries. This discovery, which exceeds expectations, is expected to challenge China's dominance in the sector. American Rare Earth Inc., the company spearheading the project, has stated that the discovery has exceeded all expectations. The minerals found, including neodymium, praseodymium, samarium, dysprosium, and terbium, are essential for a range of technological applications. These minerals are used in the production of smartphones, hybrid cars, airplanes, and a wide range of everyday items, including lighting. The United States now has the opportunity to reduce its reliance on China and strengthen its domestic technology industry thanks to this vast supply of rare earth minerals. At present, China accounts for approximately 95% of global rare earth market share.

Amerika Serikat Miliki Harta Karun 2.000.000.000 Ton Mineral Tanah Jarang

 

China's Investment Boom: A Double-Edged Sword for Southeast Asia.

China's economic influence in Southeast Asia is on the rise, with the country becoming the region's largest trading partner and making significant investments in areas such as infrastructure, technology, and renewable energy. By 2023, China is projected to have trade relations with ASEAN countries valued at $975 billion, which will further reinforce its dominant position. Southeast Asian countries stand to gain considerably from this relationship, with increased investment, substantial infrastructure development, and stable export demand as key benefits. The close economic integration between China and Southeast Asia offers mutual benefits to both parties. Octa, a brokerage firm, will examine the expanding economic reach of China in the region, analyzing the impact on various sectors, including coal exports in Indonesia and technological advancements in Vietnam. The outlook for economic growth in Southeast Asia in 2025 will also be assessed, along with the opportunities and challenges this partnership presents for investors.

Ini Bukti Pengaruh China Semakin Besar ke Ekonomi Asia Tenggar