By Lionel Laurent
TOKYO: Japan’s government is considering downgrading its assessment of the economy next week as the intensifying Sino-US trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter told Reuters.
DUBAI: Higher public spending will push Saudi Arabia’s budget deficit to 7% of gross domestic product this year, the International Monetary Fund (IMF) said, a forecast well above the government’s own projection.
TOKYO: Iran is committed to its obligations under an international nuclear deal despite the US withdrawal from the landmark agreement, its foreign minister said, calling the reimposition of US sanctions “unacceptable”.
HONG KONG: From furniture makers to Apple Inc. suppliers, the intensifying trade conflict is leaving some Chinese companies particularly vulnerable.
BEIJNG: China’s government promised to respond to a U.S. proposal to tariff the rest of the goods it buys from China, raising the stakes for the dispute between the world’s two largest economies.
JAKARTA: Indonesia’s central bank left its benchmark interest rate unchanged on Thursday as the currency comes under renewed pressure from an escalation in trade tensions between the US and China.
SINGAPORE: Most Southeast Asian stock markets closed weaker on Thursday after Washington's ban on China's Huawei Technologies stoked worries of a protracted China-US trade dispute, with the Indonesian index hitting a six-month closing low.
KUALA LUMPUR: Late selling pressure on Public Bank, Maybank and Tenaga Nasional forced the FBM KLCI to close below the key 1,600 level on Thursday while Leong Hup International ended its first trading day unchanged.
KUALA LUMPUR: Malaysia's GDP growth of 4.5% in the first quarter of 2019 shows the economy has been holding up relatively well by regional standards, HSBC Global Research said.