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SINGAPORE: Singapore slashed its full-year economic growth forecast on Tuesday, as global conditions were seen worsening and final second quarter data showed the economy shrank 3.3% on the quarter
WELLINGTON/MUMBAI: Asia central banks signalled major concerns on Wednesday about the outlook for economic growth, stunning markets with a series of surprising interest rate cuts and pointing to policymakers' dwindling ammunition to fight off a downturn.
CHIANG MAI: Thailand’s central bank sees no need to quickly adjust its monetary policy, despite expecting lower economic growth this year, the governor said yesterday.
TOKYO: A gauge of global stock markets edged near this year's peak while benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signalled possible interest rate cuts later this year.
KUALA LUMPUR: Bank Negara Malaysia (BNM), together with the financial industry, is in the process of establishing a Financial Threat Intelligence Platform.
Trade tensions darken economic outlook, raising possibility of interest-rate cut in weeks or months ahead
SINGAPORE: Bond investors are keeping their faith in Asia, a region they view as being relatively stable even as an escalation in the trade war threatens to dent global growth.
JAKARTA: Indonesia’s central bank has kept its key interest rate unchanged as expected, while the governor hinted he wants to cut but cannot do it yet given the country’s current account gap and global uncertainties.
SHANGHAI: Global financial markets tumbled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal, saying he would hike U.S. tariffs on Chinese goods this week.