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TOKYO: Oil headed for its biggest drop in more than a week as signs the worsening US-China trade war will take a toll on global economic growth overshadowed the prospect of Opec and its allies extending production curbs.
WASHINGTON: An international organisation that sets standards for how countries combat money laundering said it has decided not to hold a planned meeting in Moscow next month due to the continuing Ukraine crisis.
THE financial services industry has imposed more rules on capital as part of its efforts to avert a future crisis.
KUALA LUMPUR: Signs that Asian economies are on a recovery path are growing although the pace of recovery will likely be moderate, said CIMB Investment Bank Bhd economic research head Lee Heng Guie.
Last week, South Korea and Thailand reported lower inflation for July. Amongst other East Asian economies, inflation has also fallen or was little changed from the month before. However, in the overall picture, global inflation will be markedly higher in 2008, bringing with it stagflation or rising inflation and falling growth
TOKYO: More than 60 percent of Japanese companies want authorities to go ahead with a sales tax hike in October, but feel that additional government spending is needed to cushion the blow on the economy, a Reuters monthly poll showed.