economic prospects

 
 

Asia to grow as expected in 2018 and 2019 — ADB

MANILA: The Asian Development Bank expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures, though it warned of downside risks from a rising tide of trade protectionism. The Manila-based institution, which released an update of its Asian Development Outlook on Wednesday, maintained its […]


Oil rebounds after earlier slide, glut worries persist

NEW YORK, Nov 22 — Oil prices rose about US$1 (RM4.185) a barrel a barrel yesterday, bouncing from the lowest levels in months, after US government data showed strong demand for refined fuel, but concerns remained over rising global crude supply….


UK Plc prepares for messy Brexit as clock ticks down

LONDON, Nov 20 — British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit. With barely…


Malaysia’s economic prospects to remain firm next year

KUALA LUMPUR: Bank Negara Malaysia (BNM) expects the country’s economic prospects to remain firm next year, and grow at 4.9 per cent, underpinned by continuous private sector activities, says its Governor Datuk Nor Shamsiah Mohd Yunus. She said the commencement of new production facilities such as the Refinery and Petrochemical Integrated Development (RAPID) project and […]


Tech stars see shares dim in eyes of investors

SAN FRANCISCO: Technology companies that catapulted Wall Street to glorious heights have seen shares tumble on investor concerns that the days of stellar profits are waning. Since their most recent peaks, Amazon lost 18.5 per cent, Apple 17 per cent, Netflix 23 per cent, and Google-parent Alphabet 14 per cent. And the tumble came after Amazon […]


Coke's coffers crammed with kina as US dollar crunch hits Papua New Guinea

PORT MORESBY, Nov 9 — Coca-Cola has mastered the business of getting its sweet, fizzy drinks into even the most isolated of Papua New Guinea's far-flung tropical islands and mountain villages. But getting the proceeds out of the South Pacific…


European banks’ beauty only skin-deep

LONDON: Europe’s top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say. The European Banking Authority stress test results on Friday showed the sector in reasonable financial health, with a clean sweep of 48 lenders […]


European banks' beauty only skin-deep, investors say

LONDON, Nov 6 — Europe's top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say. The European Banking…


Saudi signs deals worth US$50b at investment event despite boycott

RIYADH, Oct 23 — Saudi Arabia signed deals worth US$50 billion (RM207.9 billion) today, showing it can still attract investment at a conference boycotted by Western politicians and global business chiefs after the killing of journalist Jamal…


Saudi investment summit set to start despite boycott over slain journalist

RIYADH, Oct 23 — Saudi Arabia brushed off a Western boycott over the killing of journalist Jamal Khashoggi as it prepared to launch an investment conference today that has been overshadowed by the withdrawal of dozens of top business and…