China industrial output cools, retail spending rises
Beijing: China’s industrial expansion slowed in May while retail spending beat forecasts in a sign that imbalances in the economic…
Economy
Beijing’s goal of 5% growth achieveable for this year
Beijing: The annual growth target of around 5% is a feasible goal, as China has the potential to take on…
Kiwi services sector slumps
WELLINGTON: New Zealand’s services sector, which makes up two-thirds of the economy, recorded its weakest level of activity in almost…
China’s economy is set for steady rebound in Q2
CHINA's economy is set to rebound steadily in the second quarter given steady demand recovery, resilient exports and a low…
BOJ chief Ueda signals chance of July rate hike
TOKYO: Bank of Japan Governor Kazuo Ueda said the central bank could raise interest rates next month depending on economic data…
Malaysia, China likely to discuss wide range of issues to enhance economic collaboration – experts
KUALA LUMPUR: Malaysia and China are likely to discuss issues focusing on innovation and inclusiveness, alongside green energy and commodities to enhance investments…
Singapore’s May exports down 0.1% y/y, better than forecast
SINGAPORE: Singapore's non-oil domestic exports edged down 0.1% in May from the same month a year earlier, data on Tuesday…
Peru economy expands 5.28% in the first quarter
LIMA: Peru’s gross domestic product (GDP) in the first quarter expanded 5.28% in April from a year earlier, according to…
Bidenomics leaves behind an industrial heartland
NEW YORK: President Joe Biden’s trio of legislative packages designed to revive US manufacturing prowess is already helping regions from…