us growth

 
 

Dollar falters on US-China trade rift, weaker-than-forecast jobs data

NEW YORK, April 7 — The dollar fell yesterday, undermined by the ongoing trade dispute between China and the United States and a report showing the US economy in March created the fewest jobs in six months. The greenback slid against the…


Malaysian firm becomes the first in the region to announce IPO in US

KUALA LUMPUR: Malaysian owned blockchain company (CSD) has made its mark in the region by becoming the first of its kind to announce Initial Public Offering (IPO) in the United States, as a step to Nasdaq. CSD chief executive officer Nathaniel King stressed on the multi-growth potential of getting a blockchain-based investment listed in a […]


Fed lifts rates, steepens path through 2020 for more hikes

WASHINGTON, March 22 — Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic…


Lazada is most visited e-commerce site in 2017

KUALA LUMPUR: Lazada is the most visited e-commerce site in Malaysia, recording a 13.8 million increase in the number monthly average visitors between the third (Q3) and fourth quarter of 2017. A study from iPrice Group reported Lazada led its nearest competitors, namely 11street (which recorded an increase of 5.9 million average visitors) and Shopee […]


Lazada the most visited e-commerce site in 2017

KUALA LUMPUR, March 21 — Lazada is the most visited e-commerce site in Malaysia, recording a 13.8 million increase in the number monthly average visitors between the third (Q3) and fourth quarter of 2017. A study from iPrice Group reported…


Keep calm and carry on with policy normalisation, BIS tells central banks

LONDON, March 12 — The recent volatility in global financial markets should not deter top central banks from lifting interest rates or ending years of unprecedented stimulus, the Bank for International Settlements said yesterday. The latest…


Japan Q4 GDP growth revised up, driven by capex gains

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TOKYO (March 8): Japan’s economy expanded more than initially estimated in October-December due to an upward revision of capital expenditure and inventory data, confirming an eighth consecutive quarter of growth. The economy grew an annualised 1.6 percent in October-December, versus economists’ median estimate for 0.9 percent annualised growth and the preliminary reading of a 0.5 percent expansion, Cabinet Office data showed on Thursday. It marked the longest uninterrupted expansion since a 12-quarter run of growth between April-June 1986 and January-March 1989 during Japan’s asset-inflated bubble economy, a good omen forRead More


IMF chief sees growth, overheating, debt risks from US tax cuts

NEW YORK, March 1 ― International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a “complicated” US tax overhaul, including a near-term growth bump that risks overheating the US economy and…


US stocks bounce back from Fed-prompted losses

NEW YORK, Feb 28 — Wall Street stocks bounced early today, recovering some of the losses from the prior session that were prompted by worries over higher US interest rates. About 15 minutes into trading, the Dow Jones Industrial Average was up…


US growth in Q4 revised down a notch

WASHINGTON, Feb 28 — The world’s largest economy grew more slowly at the end of 2017 than first reported, with lower sales of durable goods and consumer items, official data showed today. The downward revision underscored the modest result…