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Japan’s economy expanded by a much faster-than-expected annualized 3.1% in the second quarter, rebounding from a slump at the start of the year thanks to a strong rise in consumption and backing the case for another near-term interest rate hike.
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KUALA LUMPUR -- Malaysia's economy in the April-June quarter grew 5.9% from a year earlier, accelerating from a 4.2% expansion during the previous three months, according to central bank data released on Friday.
HONG KONG -- Major Hong Kong apparel maker Giordano International announced a new business strategy centered on a comeback in the mainland Chinese market on Thursday, as new management tries to bring its earnings back on track.
TOKYO -- A Japanese provider of climate solutions is looking to expand a project to curb methane emissions from rice paddies in the Philippines in order to create carbon credits.
The growth of China’s fixed-asset investment (FAI) and retail sales has remained slow so far this year as falling home prices continue to suppress property investment and people’s spending.
(Reuters) -- Wall Street's main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending, allaying fears of an imminent recession in the world's biggest economy.
The U.K. economy grew by 0.6% in the second quarter of the year, the Office for National Statistics said Thursday, continuing the country's cautious recession rebound.