january

 
 

China's May industrial output growth cools to 17-yr low as trade war bites

BEIJING, June 14 — China’s industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world’s second-largest economy as the United States ramps up…


China Jan-May property investment cools, sales drop

BEIJING, June 14 — China’s real estate investment rose 11.2% in the first five months of the year in annual terms, slowing from 11.9% in the January-April period, official data showed today. It was the slowest pace seen since 2018, when it grew…


Asia stocks steady after oil surge lifts Wall Street

TOKYO, June 14 — Asian stocks held their ground today after Wall Street gained on a surge in oil prices as attacks on tankers in the Gulf of Oman stoked US-Iran tensions and raised concerns over supply flows through one of the world’s main sea…


UBS global chief economist grilled in China for comment on pigs

BEIJING, June 13 — A flippant reference to pigs in an inflation analysis by UBS Group AG’s global chief economist has caused a furore in China, with some in the financial community rejecting UBS’s apology and calling for a boycott. Paul…


Wall St opens higher on energy gains, rate cut hopes

NEW YORK, June 13 — US stocks opened higher today, led by gains in energy shares, with hopes of an interest rate cut adding to the upbeat mood. The Dow Jones Industrial Average rose 32.11 points, or 0.12 per cent, at the open to 26,036.94. The…


RAM ratings: Banks expect slower loan growth

KUALA LUMPUR, June 13 — The recent quarterly financial results from local banks showed softer earnings, weighed down by sluggish loan growth and compounded by narrower net interest margins (NIM), said RAM Ratings Services Bhd. RAM’s co-head of…


Hong Kong leads way again in fresh Asia market sell-off

HONG KONG, June 13 — Asian markets fell again today with Hong Kong suffering a second straight day of heavy losses as investors fret over the impact of protests in the city and plans to introduce a controversial law allowing extradition to China….


Asian stocks subdued, oil near five-month low on US inventory build

TOKYO, June 13 — Asian stocks stuttered today, dogged by the uncertainty over an intractable US-China trade dispute, while oil prices flirted with five-month lows thanks to higher US crude inventories and a bleaker demand outlook. MSCI’s…


Pompeo says US open to dialogue with India after trade snub

WASHINGTON, June 13 — The United States is open to dialogue with India after taking away its preferential trading status, Secretary of State Mike Pompeo said yesterday as he prepares to travel to New Delhi. “I’m sure we’ll broach some tough…


Renault chairman weakened as Macron snubs meeting, say sources

PARIS, June 12 — French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government’s interference at the carmaker, sources told Reuters, raising questions over…