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Business

China’s positive policy directions

CHINA’s focus on high quality and sustainable development, as indicated at its ongoing party congress, will benefit global markets and economy.

Business

Greenback drifts downwards

WITH the onset of September 2017, the US dollar’s slide intensifies. The European Central Bank’s (ECB) upgrade of its growth forecast sends the euro up 0.8% to US$1.2007 in midday trading in New York on Sept 7, adding new uncertainty.

Business

Mnuchin sees US growth reaching 3% in time, tax cuts to help

BEVERLY HILLS: U.S. Treasury Secretary Steven Mnuchin said on Monday that economic growth of three percent is achievable in the next two years as the Trump administration sets out to dramatically cut taxes

Business

Economist sees China’s growth close to year’s peak

BEIJING: China’s official factory and services gauges pulled back from multi-year highs, dimming the outlook for the sustainability of the past two quarters’ acceleration in economic growth.

Business

This weekahead: Hot earnings to keep fire under growth-stock rally

NEW YORK: Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth.

Business

Obstacles to India’s growth

New Delhi: The recent arrest of Vijay Mallya (pic) highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth.

Business

Concerns over Asia’s rising debt on US rate hikes

WITH Asia being a major contributor to world growth, its potentially rising debt on expected US rate hikes is a cause for concern as that may be a further drag on its long-term prospects.

Business

World Bank forecasts modest growth for M’sia

KUALA LUMPUR: The World Bank has projected a modest growth forecast for Malaysia at 4.3% this year and 4.5% in 2018, mainly driven by private consumption.

Business

Ringgit higher against US$ and other major currencies early Friday

KUALA LUMPUR: The ringgit rebounded to open higher against the US dollar Friday as Bank Negara's projection of a 4.3-4.8 per cent growth for the Malaysian economy, this year, was viewed positively by market players.

Business

Malaysian economic growth to be better this year than last

PETALING JAYA: The Malaysian economy is expected to see some recovery, with growth set to pick up this year. According to Bank Negara estimates, the economy this year should grow at a range of between 4.3% and 4.8%. Last year, the economy grew 4.2%.