Economy

US: Wall Street tumbles at the open as US economy contracts in first quarter
US: Wall Street tumbles at the open as US economy contracts in first quarter
Published Wed, Apr 30, 2025 · 09:49 PM[NEW YORK] Wall Street’s main indexes opened sharply lower on Wednesday (Apr 30) after data showed the world’s largest economy contracted in...
China’s central bank chief warns trade frictions threaten trust in world economy
China’s central bank chief warns trade frictions threaten trust in world economy
Pan joins annual meetings of IMF, World Bank talks in Washington with US, EU and G20 membersPublished Thu, Apr 24, 2025 · 04:25 PM[WASHINGTON] China’s central bank chief Pan...
China kicks off special bond sale as tariffs threaten economy
China kicks off special bond sale as tariffs threaten economy
[NEW YORK] China issued the first batch of special sovereign bonds for the year on Thursday (Apr 24) as part of the stimulus announced by authorities to soften the...
Global Economy Likely To Avoid Recession Despite Tariffs: IMF Chief
Global Economy Likely To Avoid Recession Despite Tariffs: IMF Chief
Washington: The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump's tariff rollout, the head of the International Monetary Fund...
World economy likely to avoid recession despite tariffs, IMF chief says
World economy likely to avoid recession despite tariffs, IMF chief says
[WASHINGTON] The global economy is likely to avoid a recession, despite the hit to growth from US President Donald Trump’s tariff rollout, the head of the International Monetary Fund...
ECB cuts rates again to help economy weather erratic US trade policy
ECB cuts rates again to help economy weather erratic US trade policy
[FRANKFURT] The European Central Bank (ECB) cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already struggling eurozone economy...
ECB to cut rates again to help economy overcome trade turmoil
ECB to cut rates again to help economy overcome trade turmoil
[FRANKFURT] The European Central Bank (ECB) is expected to cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already...
Samsung under pressure as US tariffs rattle South Korean economy
Samsung under pressure as US tariffs rattle South Korean economy
[BAC NINH, Vietnam] Sipping tea on her break outside a Samsung Electronics factory in northern Vietnam, worker Nguyen Thi Mai said she had heard about US President Donald Trump’s...
Oil prices extend losses on fears global trade war could slow economy
Oil prices extend losses on fears global trade war could slow economy
[TOKYO] Oil prices fell more than 3 per cent on Monday, extending losses from the previous week, on growing concerns that a global trade war could slow the global...
China banks ramp up bad property loan disposals to boost economy
China banks ramp up bad property loan disposals to boost economy
[NEW YORK] China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by policymakers to back...