world economy

 
 

Germany, with bumper current account surplus, frets about car tariffs

BERLIN, Feb 19 — Germany recorded the world’s largest current account surplus for the third year running in 2018 due to strong exports that are vexing US President Donald Trump and raising the risk of US tariffs on German cars. Germany’s…


Germany sees ‘most difficult part’ in EU-US trade talks ahead

BERLIN, Feb 19 — The most difficult part in trade negotiations between Europe and the United States is starting now and talks should focus on reducing tariffs on industrial goods to increase the chances of a deal, German Economy Minister Peter…


European shares recover after weak data wobble

LONDON, Feb 15 — European shares recovered today after weak US and Chinese economic data earlier sent global equity markets into a dive. After opening lower, Europe’s STOXX 600 nudged up 0.2 per cent despite weakness in German equities. Demand…


Bank of England’s Carney spells out no-deal Brexit hit to UK

LONDON: Bank of England Governor Mark Carney warned of the potential shock to Britain’s economy from Brexit which could serve as an ‘acid test’ for countries around the world trying to respond to the challenges of globalisation. The United Kingdom is on course to leave the European Union on March 29 without a deal, unless […]


US job gains largest in 11 months; unemployment rate rises

WASHINGTON, Feb 2 — US job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more interest rate…


Business conditions to improve in 1Q — MIER

KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) says business conditions are likely to improve slightly in the first quarter (1Q) of 2019. Executive director Dr Zakariah Abdul Rashid said although its fourth quarter Business Condition Index (BCI), which tracks domestic manufacturing activities, dropped to below the 100-point threshold to 95.3 points, the Expected […]


Gold hits eight-month high, stocks mixed amid trade caution, results

NEW YORK, Jan 30 — Gold hit an eight-month high while world stock markets were mixed ahead of further US-Sino trade talks, a raft of technology company results, including Apple's, and a Federal Reserve decision on US interest rates. The US dollar…


HSBC expects ringgit to trade 4.15 against US dollar in Q1

KUALA LUMPUR, Jan 28 — HSBC Malaysia is expecting the ringgit to trade around the 4.15 level against the US dollar for the first quarter (Q1) of 2019, following the pause in US interest rate hikes and better oil prices forecast. Global markets…


China says it can achieve sustainable economic growth

DAVOS, Jan 24 — China’s economy can maintain sustainable rates of growth despite global uncertainties, Vice President Wang Qishan said yesterday, days after the world’s second-largest economy posted its weakest expansion in nearly three…


Swedish teenager upstages China, Brexit at Davos

DAVOS, Jan 23 — China’s slowdown and Brexit took centre-stage today at the Davos forum of the world’s business elite, but the unlikely star was shaping up to be a Swedish teenager whose demands for climate action are inspiring schoolchildren…