economic prospects

 
 

Finance Ministry: Encouraging trade data sign of robust Q2

KUALA LUMPUR, June 7 ― Malaysia’s export data for April which recorded positive growth of 1.1 per cent to RM85.2 billion, is an indication of early signs of a robust second quarter (Q2) gross domestic product (GDP) growth. Finance Minister Lim…


G20 to tackle US-China trade war, digital tax

TOKYO, June 6 — Top financial policymakers from the world’s 20 most powerful nations gather this weekend in Japan as a protracted US-China trade war clouds the global economy with no end in sight. G20 finance ministers and central bankers…


World Bank slashes 2019 growth as global trade slackens

WASHINGTON, June 5 — The World Bank slashed its global growth forecasts for this year in a report released yesterday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the…


Canada central bank maintains key lending rate at 1.75pc

OTTAWA, May 29 — Canada’s central bank today maintained its key lending rate at 1.75 per cent, saying it expects the local economy to pick up after a recent slowdown despite heightened uncertainty over trade with China. The move was in line with…


US stocks rise, dollar pares losses on trade talk hopes

NEW YORK, May 11 ― A gauge of world equity markets rebounded and the dollar pared losses yesterday after President Donald Trump said US-China trade talks were constructive, easing tensions that pushed stocks on Wall Street toward their biggest…


Dollar weakens against yen, Swiss franc as trade talks go to the wire

NEW YORK, May 9 — The Japanese yen surged to a three-month high against the dollar today, with the Swiss franc at a one-month high as investors sought out the safe-haven currencies, fearing the US-China trade conflict will escalate. Two days of…


Factories on the mend in April but still struggling

LONDON, May 2 — Global factory activity recovered a little last month but still appeared to be in the doldrums as demand remained weak and trade protectionism concerns prominent, while stimulus measures had yet to fully kick in. In the euro zone,…


Yuan, Australian currencies gain on upbeat China factory survey

TOKYO, April 1 — A surprise improvement in Chinese factory activity supported the yuan and Australian dollar today, and provided a broader boost to global investor confidence, helping the dollar gain against the safe-haven yen. Factory activity in…


US dollar rises as more central banks turn dovish, defies lower Treasury yields

TOKYO, March 28 — The US dollar rose today as many of its peers weakened after more central banks opted to shift to a dovish policy stance in the wake of deteriorating economic prospects. The latest switch came from the Reserve Bank of New Zealand…


US dollar bounces vs yen as risk aversion eases, Brexit saga checks pound

TOKYO, March 26 — The US dollar rebounded modestly against the yen today as Treasury yields pulled back from 15-month lows as a modicum of calm returned to financial markets gripped by fears of a sharper downturn in the global economy. The pound…