China eyes closer economic links with Gulf countries
Amid shifting global dynamics, China and the Gulf states are forging deeper economic connections, particularly in renewable energy, financial markets,…
Economy
Australian March retail sales in unexpected decline
Australian retail sales fell unexpectedly in March as cautious consumers pulled back spending amid elevated costs of living, while the…
Marcos hikes 2024 borrowing plan by 4.47%
The Marcos administration is hiking its borrowing plan for this year to 2.57 trillion pesos, as it also expects to…
US lifts borrowing above forecasts to US$243bil
The US Treasury ramped up its estimate for federal borrowing for the current quarter to US$243bil, more than most dealers…
New Zealand business confidence drops to seven-month low
New Zealand business confidence dropped to a seven-month low in April as high interest rates and a sluggish economy curbed…
Industrial output falls by most in four years in March
South Korea’s industrial output logged the sharpest fall in about four years after four months of monthly gains in March…
Singapore retrenchments fall for second straight quarter
Retrenchments in Singapore fell for the second straight quarter while the hiring outlook improved, according to preliminary first-quarter labour market…
Yen clings to gains after suspected intervention
The yen struggled to hold its line against the US dollar yesterday after making sharp gains the previous day sparked…
Japan’s factory output records weakest quarter since pandemic
Japan’s factory output rebounded in March from a dismal start to the year, with the quarterly figure registering the weakest…