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India’s policymakers to stay focused despite high inflation

MUMBAI: Inflation in India is rebounding and on course to accelerate after the world’s biggest election concludes this month. Yet that’s unlikely to distract monetary policymakers from their focus on supporting economic growth.

“With inflation expected to remain broadly anchored over the coming months, the case for further monetary accommodation gets stronger,” said Siddhartha Sanyal, chief India economist at Barclays Bank Plc.

MIDF: Q1 growth to moderate to 4.3%

KUALA LUMPUR: MIDF Research has projected the country’s gross domestic product (GDP) growth for the first quarter of 2019 (Q1 2019) at 4.3% as economic activities are predicted to continue expanding at a moderate pace, amid resilient domestic spending as well as tepid external trade performance.

“We expect the economy to expand by 4.3% year-on-year (y-o-y) in Q1 2019,” said the research firm in a note yesterday.

Indonesia first in Asia to erase this year's stock market rally

JAKARTA: The Indonesian stock-market slump deepened Tuesday as foreign funds pulled out of the local market. With almost every other Asian market still in the green, it is now the first in Asia to lose the rally it posted earlier this year.

US readies new tariffs as Trump says he will meet Xi

WASHINGTON: The US prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.

The US prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.

China, US have 'wisdom' to resolve trade dispute, says senior diplomat

BEIJING/WASHINGTON: China and the United States both have the "ability and wisdom" to reach a trade deal that is good for both, the Chinese government's top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.

China and the United States both have the "ability and wisdom" to reach a trade deal that is good for both, the Chinese government's top diplomat said.