Obviously, this week’s most important international trade news was the Trump administration’s imposition of tariffs on steel and aluminum imports. It is difficult to overstate the abject stupidity underlying this development. As anyone with any sense and the economic history is aware, this exact same development -the imposition of tariffs -was a […]
This week’s data was mixed. 4Q17 GDP was strong and personal consumption expenditures increased at a solid pace. Weakness in recent housing numbers was most likely weather-related; regions that experienced above average inclement weather saw lower activity. Inventory issues continue to crimp the existing home sales market. However, mortgage […]
KUALA LUMPUR (March 5): Petroliam Nasional Bhd’s (Petronas) guidance towards higher capital expenditure (capex) in 2018 is not expected to translate into significant increase in…
KUALA LUMPUR (March 5): National oil firm Petroliam Nasional Bhd (Petronas) has made a new oil and gas discovery offshore South Gabon in West Africa. In…
BANDAR SERI BEGAWAN (March 5): On a tiny island off Brunei’s northern tip on the South China Sea, thousands of Chinese workers are building a refinery…
KUALA LUMPUR (March 5): Shares in Hengyuan Refining Co Bhd fell as much as 11.8% today, as oil prices rose ahead of a meeting among…
KUALA LUMPUR (March 5): “When’s the election?” This question was posed as Prime Minister Datuk Seri Najib Tun Razak was leaving Parliament House after the Yang…
KUALA LUMPUR (March 5): AirAsia Bhd has issued a statement denying claims that its group chief executive officer Tan Sri Tony Fernandes will be resigning…
(March 5): An explosion in online shopping in Asia has policy makers scrambling to gauge its effects on their economies. Here’s how eight economies across…
(March 5): China’s ambitious Belt and Road infrastructure initiative elevates sovereign debt risks in eight countries involved in the massive cross-continent plan, a new study…
MUMBAI (March 5): Aircel owes 150b rupees to financial creditors and 350b rupees to operational creditors, company’s lawyer Janak Dwarkadas tells National Company Law Tribunal…
KUALA LUMPUR (March 5): The FBM KLCI fell with Asian shares following US President Donald Trump’s announcement that the US will impose import taxes on…