global economic

 
 

Global trade wars risk 'millions of jobs,' warns WTO chief

LONDON, Oct 18 — Escalating trade wars “pose real risks” to the global economy, potentially threatening millions of jobs, head of the World Trade Organisation (WTO) Roberto Azevedo warned in a London speech yesterday. US President Donald Trump…


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 […]


Global steel body hikes demand forecasts, but says risks remain

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The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. TOKYO: The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. The caution over trade from a body that represents 85 percentRead More


‘Thorough assessment of China investments needed’

KUALA LUMPUR: A thorough assessment of investments from China, especially from the Belt and Road Initiative (BRI), is seen as important for Malaysia, says the Khazanah Research Institute’s State of Household 2018: Different Realities Report. It said Malaysia would undoubtedly stand to gain from maintaining good relations with China, but it is also important to […]


Unwelcome guest: US tariffs loom at China’s biggest trade fair

BEIJING, Oct 14 — Amid gathering gloom over the state of the Chinese economy, exporters of motorcycles, tractors, photocopiers and Christmas tree lighting will join thousands of other companies peddling their wares at China’s largest trade fair…


‘Winter is coming’: Indonesia’s president sounds warning for global economy

NUSA DUA (Indonesia), Oct 12 — Indonesian President Joko Widodo urged global central bankers and finance ministers today to remain committed to cooperation and to “nudge their leaders in the right direction” to contain growing risks facing the…


Singapore central bank tightens policy again, cautions about trade risks

SINGAPORE, Oct 12 — Singapore’s central bank today tightened monetary policy for the second time this year, saying the city-state’s economy is likely to expand steadily barring a setback to global growth from trade frictions between the United…


Trump says he could do ‘a lot more’ on China trade, reports Fox

WASHINGTON, Oct 11 — US President Donald Trump warned today there was much more he could do that would hurt China’s economy further, showing no signs of backing off an escalating trade war with Beijing. Trump imposed tariffs on nearly US$200…


Lower Open Predicted For China Stock Market

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(RTTNews) – The China stock market has ticked higher in two straight sessions, adding almost 10 points or 0.4 percent along the way. The Shanghai Composite Index now rests just above the 2,725-point plateau although it figures to open under pressure on Thursday. The global forecast for the Asian markets is broadly negative thanks to growing concerns over growth, trade and interest rates. The European and U.S. markets were firmly in the red and the Asian bourses are expected to open in similar fashion. The SCI finished slightly higher onRead More


Stocks flatline after selloff as US borrowing costs hold below multi-year peaks

LONDON, Oct 10 — World stocks inched off eight-week lows today as US long-dated borrowing costs held below multi-year peaks, though market gains were checked by fears for global economic growth and the possibility of an Italy-EU clash over budget…