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German institutes slash GDP growth forecasts

Germany’s leading economic institutes on Wednesday slashed their growth forecasts in Europe’s biggest economy for this year and next. They blamed the weaker global demand for manufacturing goods and increased business uncertainty amid trade disputes, reports Reuters. The revisions, which...

India's current account gap narrows in June quarter vs year ago

India’s current account deficit (CAD) narrowed to 2.0 per cent...

Financial sector commission’s report on Modern Day Slavery launched in UN

The final report of the Financial Sector Commission on Modern...

Package tour visitors to Macao drop in Aug

Package tour visitors to Macao dropped by 18.8 per cent...

Bulgarian economist Kristalina Georgieva becomes new IMF head

Bulgarian economist Kristalina Georgieva has been appointed as the new...

Australia pledges $68m more in aid to farmers

Australia will set aside an additional $100 million Australian dollar...

Battle to woo trade war's corporate refugees intensifies

When trade war tariffs jolted Chinese tire-maker Prinx Chengshan into...

China to further reduce poverty via industrial dev

China will further encourage industrial development and entrepreneurship in rural...

ADB lowers S Korea’s 2019 growth outlook to 2.1pc

The Asian Development Bank (ADB) has lowered South Korea's 2019...

Malaysia's leading index shows brighter economic outlook

Malaysia's leading index has signalled a brighter economic outlook in...

New Zealand removes tax barriers for economic development

New Zealand government removed two kinds of taxes to support...

S Korea's ICT export posts double-digit fall in August

South Korea's export of information and communications technology (ICT) products...

A big fiscal splash still a step too far for Europe

Prodded by worries about the worst global economic outlook in...

Germany plans €54 billion climate deal

Chancellor Angela Merkel's coalition government has agreed to set a...

Global growth to hit 11-year low: OECD

The Organization for Economic Cooperation and Development (OECD) has predicted...

BOJ holds rate amid global uncertainties

The Bank of Japan (BOJ) has voted to leave its...

Canada posts budget deficit of $10b in FY2018-19

Canada ended the fiscal year 2018-2019 with a deficit of...

ADB President Takehiko Nakao announces resignation

Takehiko Nakao announced his resignation on Tuesday as the president...

US reaches trade deals with Japan

US President Donald Trump said on Monday Washington had struck...

Pound climbs to highest level since July

The pound has hit its highest level against the dollar...

US, China tariffs could lower global GDP in 2020: IMF

Tariffs imposed or threatened by the United States and China...

German economy not heading for pronounced recession: Ministry

Europe's largest economy is not facing a bigger downturn or...

ECB cuts deposit rate and restarts asset purchase programme

The European Central Bank (ECB) on Thursday announced its key...

Japan Aug exports seen in sharpest fall in three years

Japan’s exports likely contracted at the fastest pace in more...

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