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SYDNEY: Australia kept interest rates unchanged Tuesday, betting that a rebound in property prices will increase household wealth and confidence and see consumers more willing to part with their cash.
Bangkok: Several South-East Asian leaders snubbed a meeting with US officials after President Donald Trump decided not to attend a regional summit in Bangkok.
WASHINGTON/FRANKFURT/TOKYO: Easing come. Easing go. A concentrated burst of interest rate cutting and other measures to loosen global financial conditions by the world's central bankers looks to have largely run its course
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.