Further US rate hikes ‘most likely’ needed, Fed minutes show

WASHINGTON: US central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy, according to meeting minutes. But, amid brisk American expansion, some Fed policymakers also warned of looming dangers to the world […]

Asia-Pacific finance ministers fret over US-China spat

SYDNEY, Oct 18 — The trade spat between the world's two largest economies — China and the United States — is imperilling the entire Asia-Pacific, regional finance ministers have warned. In a statement, finance ministers meeting in Port Moresby…

Chinese electric car makers now look for way out of glut

HANGZHOU, CHINA: Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country’s wave of investment in clean transportation. The company wants to find a niche in a crowded sector that already includes renewable equipment manufacturers, battery makers […]

WEF: US tops global competitiveness rating, despite ‘worrying’ trends

GENEVA: The United States has the world’s most competitive and innovative economy, a World Economic Forum ranking showed Wednesday, after a methodology shift helped unseat Switzerland after nearly a decade on top. The organisation that hosts the annual Davos pow-wow of business and political elites said it used a new methodology for the 2018 edition […]

MED lauds the role, contribution of entrepreneurs in Malaysia’s economic growth

KUALA LUMPUR: The Ministry of Entrepreneur Development (MED) lauded the role and contribution of entrepreneurs in in bridging markets and drawing economies closer to strengthen Malaysia’s position and competitiveness in the global marketplace. “The economic prosperity that we enjoy today is a byproduct of the hard work, perseverance and dedication of our entrepreneurs. These are […]

China's economic growth slows in Q3, poll shows

BEIJING, Oct 17 — China's growth downshifted in the third quarter as investment slowed and the widening trade conflict with the United States weighed on sentiment, according to analysts surveyed by AFP. The world's second largest economy expanded…

Trade war a bigger threat to Malaysia — Allianz


KUALA LUMPUR: The repercussions of the trade war between the US and China could pose a bigger threat to the Malaysian economy than rising US interest rates. Allianz SE chief economist Professor Dr Michael Heise said the trade spat between the world’s two largest economies could emerge as the biggest risk for the local economy. “The harm that would be done by the two dominant economies of the world is going to have very negative repercussions for all the suppliers indirectly into these two economies,” he told a news conferenceRead More

US sets new trade talks with EU, Japan, Britain

WASHINGTON, Oct 17 — US officials announced yesterday negotiations for separate trade agreements with Britain, the European Union and Japan as part of efforts by President Donald Trump's administration to rebalance global commerce. US Trade…

US regains crown as most competitive economy for first time since 2008, survey shows

WASHINGTON, Oct 17 — The US economy sits atop of the World Economic Forum's annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said…

Chinese electric car makers, nurtured by state, now look for way out of glut

HANGZHOU, Oct 17 — Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country's wave of investment in clean transportation….