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…
Category: Economy
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…
Pakistan to raise power prices in move to secure IMF loan
LAHORE: Pakistan is raising power prices by an average of 20% to bolster its chances of securing a new loan…
Nigerian inflation rises to 28-year high in May
ABUJA: Nigeria’s annual inflation rose to a new 28-year high of 33.95% in May, official data show, worsening hardships that…
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…
China’s May industrial output misses forecasts, retail sales a bright spot
BEIJING: China's May industrial output lagged expectations with the property sector still weak, adding pressure on Beijing for policy support…
Right time to resume FTA talks with EU
PETALING JAYA: Malaysia is better positioned to negotiate a free trade agreement (FTA) with the European Union (EU) this time…