us growth


IEA sees oil markets tightening as Venezuelan output collapses

LONDON, Jan 19 — Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency (IEA) said today. Debt…

US dollar slide deepens as euro strength saps stocks

NEW YORK, Jan 15 — Despite a US holiday, the US dollar dominated trading yesterday as it headed for a fourth day of declines, weakening against every major currency. The euro’s jump weighed on European stocks, while gold gained….

US fund managers expect value stocks to jump in 2018

NEW YORK, Jan 7 ― Value stocks are getting a once-over from some US growth fund managers in early 2018 as they prowl for overlooked shares they think have more upside in a market that gained nearly 20 per cent last year. Value stocks, so…

Can US stocks in 2018 repeat the huge gains of 2017?

NEW YORK, Dec 30 — After a banner year for US stocks, that saw the Dow hitting repeated records, Wall Street strategists predicted 2018 would see more moderate gains and increased volatility as markets retreated in the final session of 2017…

Keep on trucking

Automotive technology has always been the highlight at any international motorshow, especially when it comes to smart driving. So when Tesla chief executive Elon Musk unveiled its all-electric heavy-duty truck in November, it got the whole global trucking community talking. In fact, the company has already received pre-orders for its electric big-rig from major players […]

Australia, NZ dollars hit one-week lows on euro as German yields jump

SYDNEY, Dec 20 — The Australian and New Zealand dollars slipped to one-week lows on the euro on Wednesday as a surge in German long-dated yields sparked a rally in the common currency, a move that also pushed local bond yields higher. Germany,…

Dollar falls on US tax reform caution

LONDON, Dec 18 – The dollar dipped against a basket of major currencies today amid doubt whether a proposed US tax reform programme would have a major impact on economic growth, after the bill moved another step closer to ratification over the…

Indian rupee pares losses on Gujarat vote result, other Asian currencies slip

SINGAPORE, Dec 18 — The Indian rupee pared nearly all of its sharp losses early on Monday, as it became clear that Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) would comfortably win an election in his home state of Gujarat….

Currency frameworks to complement close partnership — BNM

KUALA LUMPUR: The implementation of the Local Currency Trade Settlement Frameworks between Bank Indonesia (BI) – Bank Negara Malaysia (BNM) and Bank of Thailand (BOT),  as well as, the expansion of the BNM –BOT Framework will complement the existing close partnership and cooperation existing among the three countries which share common objectives and aspirations, says […]