global growth
US hints at China truce as world warns of trade-war threat
WASHINGTON, April 22 — US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s “cautiously…
UK set for more ‘uninspiring’ growth after weak start to 2018
LONDON, April 22 — The UK economy shows little sign of breaking out of its “pattern of uninspiring growth,” and the first quarter may have been weaker than expected. The first three months of the year may have seen gross domestic product gain…
Trade, debt seen as threats to global growth in IMF communique
WASHINGTON, April 22 — The global growth outlook faces rising threats from trade tensions and mounting debt despite a strengthening and “increasingly broad-based” expansion at the moment, according to a statement from world finance ministers…
US-China trade tension dominates IMF gathering
WASHINGTON, April 21 — Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic yesterday. Official…
US-China trade row threatens global confidence, IMF chief says
WASHINGTON, April 20 ― The biggest danger from the US-China trade dispute is the threat to global confidence and investment, International Monetary Fund Managing Director Christine Lagarde said yesterday. The IMF chief said the tariffs…
EU says US tariffs distorting global trade
STRASBOURG, April 18 — US steel and aluminium tariffs are already distorting global trade and could undermine the world economic recovery, the EU’s top trade official Cecilia Malmstroem warned today. Malmstroem said the European Union…
RHB: Market volatility presents trading opportunities
KUALA LUMPUR, April 18 — Although the 14th general election (GE14) is a significant overhang for the economy and markets, volatility can still present trading opportunities due to the nation’s solid economy, earnings growth as well as pent-up…
KLCI tracks regional gains, poised to test 1,900-level
KUALA LUMPUR (April 18): The FBM KLCI looked poised to test the next resistance level of 1,900 points when it rose this morning, tracking gains at regional markets. At 9.05am, the FBM KLCI rose 3.11 points to 1,883.60. The early gainers included Nestle(M) Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd, Petron Malaysia Refining & Marketing Bhd, Hengyuan Refining Company Bhd, Genting Plantations Bhd, ViTrox Corp Bhd, Globetronics Technology Bhd, Lotte Chemical Titan Holding Bhd and Unisem (M) Bhd. Asian shares crept ahead on Wednesday after Wall Street took heartRead More
Asia shares edge up with Wall St, wary on China
SYDNEY, April 18 — Asian shares crept ahead today after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued. Dealers were anxious…
IMF sees emerging Asia as top global growth engine
BEIJING, April 17 — The IMF said today it remains upbeat about the economic prospects of emerging Asia, labelling the region “the most important engine of global growth” despite concerns over trade disputes and mounting debt. The…