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TOKYO: Three-fourths of Japanese companies aren't raising annual bonuses this summer, a Reuters poll found, a sign many see growth sputtering in the world's third-largest economy as the U.S.-China trade war stokes fears of a global recession.
THE recent announcement on Malaysia’s second-quarter economic performance offers some positive news, amid blaring warning bells signalling a potential global recession.
Walmart Inc. prides itself on rock-bottom prices for everyday goods, but as soda, snack and toothpaste makers boost what they charge retailers in response to rising costs and looming tariffs, something’s got to give.
SINGAPORE: Singapore is Asia’s Monte Carlo, a playground of the wealthy. The city-state has two casinos, an annual Formula One race, and the third-highest concentration of ultra-rich individuals after Monaco and Geneva.
It is unclear whether fine-tuning rates will be enough to revive decade-old expansions
SHANGHAI: Chinese shares fell on Wednesday as flat producer price inflation fuelled concerns about domestic growth, and a flood of initial public offerings targeting Shanghai’s new tech board diverted funds from the rest of the market.
TOKYO: Household spending in Japan rose at the fastest pace in four years in May, in a sign improving domestic demand will offer some support for an economy facing growing external pressure.
HIROSHIMA: The Bank of Japan (BoJ) does not need to ramp up monetary stimulus for now as a moderate recovery is expected later in the year but should be ready to loosen policy further if external pressure on the economy intensifies, board member Yukitoshi Funo said yesterday.
SYDNEY: Australia is about to reach its last percentage point of interest-rate ammunition, dragging the country’s economy and markets deeper into the low-yield world that’s already engulfed many of its developed-world peers.
KUALA LUMPUR: Malaysia's consumer price index (CPI) grew 0.2% in May over the same month last year, underperforming the median forecast of a Reuters poll for the index to rise 0.3% year-on-year.