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Business

Philippine political crisis threatens fragile economy

A protracted political crisis and delayed fiscal reforms are casting a long shadow over the Philippine economy, already beset by a yawning budget deficit and a huge debt, with analysts predicting more gloom amid a looming credit rating downgrade.

Markets

US political crisis weighs, KLCI down nearly 9pts at close

KUALA LUMPUR: Key Asian markets closed lower, with Bursa Malaysia following suit on Thursday after the US political crisis loomed over the proposed pro-growth policies promised by President Donald Trump.

Business

Banks close amid political crisis in Ivory Coast

IDJAN, Ivory Coast (AP) - At least one major bank says it has shut its doors amid Ivory Coast's political crisis, spreading fears of cash shortages in the increasingly isolated west African nation after the incumbent president refused to step down

Business

VEGOILS-Palm hits fresh 3-mth low as Greek political crisis weighs

SINGAPORE (Reuters): Malaysian palm oil futures tumbled to their lowest in more than three months on Wednesday, as traders feared a prolonged political crisis in Greece could slow the global growth momentum and dampen commodity demand.

Business

Philippine stocks rise on lull in political crisis

Philippine stocks rose Wednesday as investors took advantage of an apparent lull in the ongoing political crisis.

Business

INSIGHT - West in political crisis has echoes of 1930s

NEW YORK (REUTERS) - Dysfunctional politics threatens to deliver a protracted period of slow global growth, possibly lasting well beyond 2012, which will only deepen the political and economic problems for the West.

Markets

Worsening Italian crisis batters US and global stock markets

NEW YORK: A spiraling Italian political crisis provoked a global stock market sell-off on Tuesday, cut the euro to a 10-month low and spiked borrowing costs for the government in Rome.

Business

US Senate passes 11th-hour deal to end debt crisis

WASHINGTON: The U.S. Senate approved a deal on Wednesday to end a political crisis that partially shut down the federal government and brought the world's biggest economy to the edge of a debt default that could have threatened financial calamity.

Business

Thai consumer confidence falls again as crisis continues

BANGKOK: Thailand's consumer confidence dropped for a 10th straight month in January, a survey showed on Thursday, as the prolonged political crisis is making Thais reluctant to spend, adding to the country's economic problems.

Economy

Thai Jan factory output fall 6.4% on-year

BANGKOK: Thai factory output declined slightly less than expected in January, but the 10th consecutive month of reduced activity is the latest indicator of declining domestic demand during the country's protracted political crisis.