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TOKYO: Confidence among Japanese manufacturers dropped for a third straight month in January to a two-year low, a Reuters monthly poll showed, as worries over the health of the global economy and trade tensions take a toll on the corporate sector.
MOST Southeast Asian stock markets rose on Monday with Thailand leading the gains, as investors hoped for more stimulus from China after disappointing growth, amid optimism about Washington and Beijing progressing with trade talks.
DAVOS, Switzerland: The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.
BEIJING: China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown.
LONDON: EasyJet lost £15mil (US$19.3mil) in the 36 hours of travel chaos sparked by drones flying into London’s Gatwick Airport in December, the budget airline said.
BEIJING: China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday.
KUALA LUMPUR: The country is progressing on the right track towards restoring its fiscal position within three years after being damaged by the 1Malaysia Development Bhd (1MDB) scandal, says Finance Minister Lim Guan Eng.