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SHANGHAI: China's demand for gold bars fell nearly 44% in the first quarter of 2014 from year ago, even as total gold consumption edged up about 0.8% during this period, the China Gold Association said on Wednesday.
PETALING JAYA: Domestic demand sustained by private consumption will remain the mainstay of the Malaysian economy this year, Bank Negara said in its 2014 annual report. The central bank expects steady growth for the economy despite external headwinds and the impact of the upcoming goods and services tax (GST) on household spending
PETALING JAYA: A consumption recovery will drive Malaysian equity returns and outperformance, said Nomura in a recent Malaysia strategy report.
SINGAPORE, Aug 12 (Reuters) - China's consumption of gold in the first six months of the year surged by more than half as sliding prices of the metal lured buyers, data showed, reinforcing expectations that the nation will overtake India as the world's top gold consumer this year.
SINGAPORE: The Malaysian ringgit hit its strongest level in more than four months on Monday as investors hailed government plans, including a new consumption tax, to reduce the fiscal deficit.