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INTEREST rates affect consumers and businesses in many ways.
According to Bloomberg Economics published just a few days ago, there is now only a 27% probability that the US will go into a recession within the next 12 months.
JAKARTA: Indonesia’s central bank cut its key interest rate for a fourth straight month to spur the economy amid a deteriorating outlook for global growth.
PETALING JAYA: The World Bank Group’s present definition of government’s debts that only includes direct debts borrowings is inadequate, Finance Minister Lim Guan Eng says.
NEW YORK: Caterpillar Inc. lowered its earnings forecast for 2019, blaming heightened "economic uncertainty” for slowing customer purchases.
NEW YORK: A bellwether of the global industrial economy may be sending out distress signals.
SINGAPORE: Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.
PETALING JAYA: Crude palm oil (CPO) prices are expected to remain stable, at least until the first half of next year, pending any official announcements from India.
Much has been touted lately on the strength of the US consumer but for how long can this so-called last leg of the economy hold up and buffer the world economy?
WASHINGTON: The world’s most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own.