Economic news

Thai shippers cut 2019 export forecast to fall 2.5%-3.0% Thailand’s shipping association on Tuesday lowered its 2019 export forecast for the year’s fifth time. With a forecasting drop of 2.5% and 3.0%, the prediction was made due to global trade tensions and a strong local currency. In October, the association forecasted an export decline of […]

Asian stocks fall as Trump’s new tariffs rekindle trade tensions Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing new tariffs on products imported from Brazil and Argentina, rekindling fears over global trade tensions. China’s blue-chip CSI300 index fell as much as 0.62% before clawing back to register small gains. […]

North Korea’s foreign ministry reminded the United States that its deadline to change its “hostile policies” is approaching near, adding that it was up to Washington to decide what kind of “Christmas gift” it wanted, according to a statement by the state media. In a report by state news agency KCNA, North Korea’s vice minister […]

BEIJING/SHANGHAI- China has high hopes that New Energy Vehicle (NEV) sales will scope up a quarter of all car sales in 2025 from a mark of “above 20%’ stated in a 2017 prospectus, the industry ministry said on Tuesday. Chinese market for new energy vehicle, that which offers plug-in hybrids, battery-only electric vehicles, and hydrogen […]

The Reserve Bank of Australia (RBA) had its interest rates untouched on Tuesday and said it was waiting for the past three implemented rate cuts to take effect in the sluggish economy. However, markets see the need for more rate cuts to drive more economic activities. The central bank of Australia just concluded its last […]

TOKYO-Japan’s Nikkei average sunk down on Tuesday as emerging trade worries surfaced after US President imposed tariffs on Brazil and Argentina, while unstable manufacturing records contributed to inactivity. The Nikkei share average plummeted down with 1.46% loss to 23, 186.84 as it marginally reduced decline to 23,278.67 by 0152 GMT, recording 1.07%. The index recuperated […]

Beijing’s top priority in phase one of the trade deal with the US is to roll back tariffs on Chinese imports amid doubts of actualizing phase one of the deal in the 17-month trade war. “Sources with direct knowledge of the trade talks told the Global Times on Saturday that the US must remove existing […]

The Japanese government is planning to create a large-scale economic stimulus package with more than $92 billion in fiscal spending. This measure comes as uncertainties in the US-China trade deal and weakened global demand affected Japan’s still recovering economy. Prime Minister Shinzo Abe’s administration will issue more bonds of up to 4 trillion yen ($36.82 […]

DUBAI-Saudi Arabia’s Tadawul is set to impose 15% equity index cap aimed at resolving potential concerns over weighting oil giant Saudi Aramco when it lists on the exchange. Dubai-owned company Aramco is posed to register 1.5% of its shares this month in a pact expected to raise more than $25 billion and will surpass Chinese […]

TOKYO- Japanese shares soared on Monday with most gains in a month following data disclosure that China’s factory activity and domestic demand recuperated, relieving worries about the health of world’s second-largest economy.   At 0150 GMT, the Nikkei index hit 1.02% to 25,531.85, brought heavily by industrial and consumer discretionary sectors’ earnings. The index reached […]