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Economy 21 Jan 2019 | 12:56 AM

Japan manufacturers' mood slips to 2-year low - Reuters Tankan

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.

Business 21 Jan 2019 | 5:39 AM

SE Asia stocks-most rise on china stimulus hopes, trade talk progress

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.

Economy 21 Jan 2019 | 10:50 PM

IMF fears trade war and weak Europe could trigger sharp global slowdown

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.

Banking 22 Jan 2019 | 12:00 AM

Goldman Sachs sees India rate cut next month

MUMBAI: Goldman Sachs Group Inc expects India’s central bank to cut interest rates by a quarter percentage point in February, the latest to add its voice to a chorus of calls for monetary policy easing.

Banking 22 Jan 2019 | 12:00 AM

Japan recession risk rises

TOKYO: Chances that Japan will slide into a recession this coming fiscal year have grown over the past three months, a Reuters poll of economists found, pressured by a global economic slowdown and US-China trade friction.

Economy 22 Jan 2019 | 12:00 AM

China’s growth slows to 28-year low, more stimulus seen

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.

Economy 22 Jan 2019 | 12:55 AM

S. Korean economy gets fiscal spending lift

SEOUL: South Korea's economy expanded at the fastest pace in three quarters in the last three months of 2018 as a jump in government spending juiced up construction and investment, though weak exports cast a cloud over the outlook for growth.

Corporate News 23 Jan 2019 | 12:00 AM

Gatwick drone disruption cost easyJet nearly US$20mil

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.

Economy 23 Jan 2019 | 5:55 AM

China says will step up fiscal spending this year to support economy

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.

Economy 23 Jan 2019 | 8:41 AM

Malaysia on right track to restoring fiscal position after 1MDB

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.