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BEIJING: China’s economy slowed further in November, dragged down by a worsening property market slump and disruptions from repeated Covid-19 outbreaks.
Concerns growing about pause in bookings, travel delays
SYDNEY/CHICAGO: Global airlines are bracing for more volatility due to the Omicron variant of COVID-19 that could force them to juggle schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.
BENGALURU: Indonesia’s central bank will wait until the end of next year before raising interest rates as it tries to aid the economic recovery from the Covid-19 pandemic, keeping a close watch on any United States Federal Reserve (Fed) policy moves, a Reuters poll found.
BANGKOK: Thailand’s economy contracted less than expected in the third quarter as businesses started a slow recovery from the coronavirus-driven slump in activity, while the reopening of the tourism sector raised hopes of a steady revival.
NEW YORK: Oil prices dropped nearly 2% on Wednesday, pulling back from multi-year highs, as an unexpected rise in U.S. crude inventories prompted buyers to take a breather after recent torrid gains.
Current above-target environment is only ‘transitory’
AFTER months of on-and-off lockdowns, the hotel sector is seeing some signs of life, with quite a number already receiving bookings especially for the school holidays.
BANGKOK: Thailand is less vulnerable to any spike in global bond yields stemming from policy normalisation by the U.S. Federal Reserve due to its low reliance on external sources for debt financing and its high foreign reserves, the Bank of Thailand chief said.