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Stop the trade war, should be the call not just from 37 top economists but all who view the disastrous impact this year-long quarrel has had on the global economy.
THE last week of October was rich in events and unexpected incidents, such as WTO decision to give China the right to impose US$3.579bil in tariffs on US industrial goods for failing to remove anti-dumping duties.
NEW YORK: U.S. stocks rallied to close out the trading week on Friday as the S&P 500 set a closing record for the third time in five days after an upbeat U.S. jobs report and data on Chinese manufacturing eased concerns about slowing global growth.
KUALA LUMPUR: Aminvestment Research is cautious on its outlook on the geopolitical front especially the on-going US-China trade tensions and slowing global growth.
KUALA LUMPUR: The country's banking system capitalisation remained strong in September and the banks are well-positioned to withstand severe macroeconomic and financial shocks, Bank Negara Malaysia said.
HONG KONG/LONDON: Standard Chartered reported on Wednesday that third quarter profit rose a better-than-expected 16%, as a surge in business from corporate clients helped the bank weather unrest in its core market of Hong Kong and global trade tensions.
WASHINGTON: An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but that does not mean the accord is falling apart, a U.S. administration official said on Tuesday.
WHILE expecting the global interest rates to drop further as we move into 2020, the risk for global economy to weaken steeper is more likely than expecting a synchronised recovery.
DUBAI: Saudi Basic Industries Corp. posted its lowest quarterly profit in at least a decade as the chemical maker took an impairment charge and cheaper oil put pressure on its product prices.
IT LOOKS like the world has taken Halloween very seriously this time: On one side, we have Boris Johnson, and his desperate attempts to get ratified the already agreed with the European Union deal, whereas on the other side the world is being stormed by a series of demonstrations and protests all over the world.