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Economic
Gold steady near record high as investors seek more Fed cues
BENGALURU: Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell's speech for indications on how much the central bank will cut rates this year.
Spot gold edged 0.2 per…
Palm inches higher on bargain-hunting, stronger ringgit capping gains
JAKARTA: Malaysian palm oil futures recovered on Monday, after trading sideways early in the session, but a stronger ringgit limited gains.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange…
Japan economy rebounds with better-than-expected growth
TOKYO: Japan's economy rebounded to grow 0.8 percent in the second quarter, government data showed Thursday (Aug 15), in welcome news for Japan's next prime minister following Fumio Kishida's decision to step down.
The rebound came after…
Malaysia’s manufacturing sales value up 5.7% to RM153.2bil in April – DoSM
KUALA LUMPUR: The sales value of Malaysia’s manufacturing sector expanded by 5.7 per cent year-on-year to RM153.2 billion in April 2024, according to the Department of Statistics Malaysia (DoSM).
Chief statistician Datuk Seri Dr Mohd Uzir…
Overcapacity talk won’t affect MNCs’ commitment
Exaggerating the "China overcapacity" narrative will impede the advancement of high-quality production capacity globally but will not discourage multinational corporations from expanding their presence in the country, said market watchers…
China’s Jan-Feb property investment declines narrow facebook sharing buttontwitter sharing…
BEIJING: China's fragile housing market opened this year with slower declines in property investment and sales, buoyed by government efforts to arrest a protracted downturn in the sector, official data showed on Monday.
Property investment…
Singapore’s Jan exports up 16.8% y/y, steeper rise than forecast
SINGAPORE: Singapore's non-oil domestic exports grew 16.8% in January from the same month a year earlier, official data showed on Friday, aided by growth in both electronic and non-electronic products.
Last month's increase compared with a…
Thai inflation lowest in nearly 3 years, but c.bank may hold rates
BANGKOK: Thailand's annual headline consumer inflation rate fell to its lowest in 35 months in January, data showed on Monday, and the commerce ministry said it expected price pressures to ease further in the first quarter.
The headline…
China leaves lending benchmark rates unchanged as expected
SHANGHAI/SINGAPORE: China stood pat on benchmark lending rates at the monthly fixing on Wednesday, matching market expectations, after the central bank kept its medium-term policy rate steady earlier last week.
But market watchers…
China’s factory, retail sectors speed up but risks persist
BEIJING: China's industrial output grew 6.6% in November year-on-year, faster than the 4.6% gain in October, and retail sales rose but missed forecasts, adding to signs Beijing's recent flurry of stimulus is helping stabilise the economy.…