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…
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…
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…
Seoul labour market and domestic demand
AMONG numerous indicators used to measure a certain aspect or aspects of economic activities, labour market statistics are widely known…
Arbitrage trade backfires as TSMC frenzy grows
Taipei: The long-favoured arbitrage strategy of buying Taiwan Semiconductor Manufacturing Co’s (TSMC) Taipei shares while shorting its US listing is…
Elderly population offers economic opportunity for Vietnam govt
HANOI: The ageing population and the unique characteristics of the older cohort in Vietnam are golden opportunities for the country…
UK inflation to hit 2% for first time in three years
LONDON: UK inflation is expected to fall to the Bank of England’s (BoE) target for the first time in almost…
Japan core machinery orders down in April
TOKYO: Japan’s core machinery orders fell in April for the first time in three months, government data showed yesterday, due…
Emerging market bond rally comes under threat
NEW YORK: The balmy days of dovish monetary policy that fuelled a rally in emerging market bonds looks to be…