ADVERTISEMENT

Economy


  • Filter by

Trump says US may not impose more tariffs on China

WASHINGTON:U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.

The U.S. tariff rate on $200 billion in Chinese goods is set to increase to 25 percent from 10 percent on Jan. 1. Trump has threatened to impose tariffs on all remaining Chinese imports - about $267 billion more in goods - if Beijing fails to address U.S. demands.  "We may not have to do that," Trump told reporters at the White House. "China would like to make a deal.

Third quarter growth at 4.4%

Contrary to market prediction, Malaysia’s economy grew at a marginally slower pace in the third quarter, instead of picking up pace.

Nor Shamsiah: Growth was affected by lingering commodity-specific supply shocks. — Bernama

Should we be worried of the ‘R’ word?

Comment - By Pankaj C. Kumar
HAVING spoken about the local economy and sectors as well as on selected individual stocks over the past three months in this column, perhaps it’s an opportune time to revisit what is happening externally and its implications on not only Malaysia’s economy, but the market as a whole.

Recession poser: People passing by the New York Stock Exchange recently. In the past month, few comments were made on potential recession in the US either in 2019 or 2020. — AFP

SOBA award winner continues green efforts

PLASTIC packaging company Logomas Packaging Sdn Bhd has been in operation since 1995 and aims to be at the forefront of innovations in plastic packaging.

Logomas Packaging Sdn Bhd managing director Angela Foo (fourth left) and the team celebrating their victory at Soba 2017.

Treasury Pulse

The US dollar clawed back losses to gain 0.02% to 97.0 by the end of the week, largely due to an overnight selloff in the US stock market with the Dow Jones plunging 2.3% to 25,387 amid crude oil descending into the bear market.

Japan’s GPIF now able to hedge against risk in various currencies

JAPAN’s Government Pension Investment Fund (GPIF) is now able to hedge against fluctuation in the value of various currencies, the head of the world’s largest pension fund says, declining to say whether it had started or will start doing so.

ADVERTISEMENT