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A difficult year ahead for Asia-Pacific financial institutions

MELBOURNE: Potentially higher interest rates, as well as volatile domestic currencies, bond markets, and property prices, would make financing conditions more difficult for Asia-Pacific financial institutions in 2019, according to S&P Global Ratings.

Rising credit-card use shows consumers are strapped

EVEN though evidence is mounting that the US economy may be soon heading into a recession, there are plenty of analysts who say that the surge in credit card borrowing is a sign of strong confidence among households.

US Treasury Secretary Mnuchin weighs lifting tariffs on China

WASHINGTON: U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported on Thursday, citing people familiar with the internal deliberations

But Trade Representative Robert Lighthizer has resisted the idea, and the proposal had not yet been introduced to President Donald Trump, according to the Journal.(File pic shows Mnuchin)