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“They see Asian tiger economies and political systems as being in a state of transition,” said British political and security analyst Christopher Blackburn. “These countries already have good regional infrastructure. But Europe can help with boosting and accelerating wealth, development, and human potential.”
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth.
India’s capital, New Delhi is caught in two extremes of a water crisis.
The better than expected figure and an upwards revision to first quarter data to 3.0 per cent led economists to upgrade their gross domestic product (GDP) forecasts for the year. Singapore’s trade-dependent economy often functions as a bellwether for the economic health of Asia that belies its size.
Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason to hold off, according to economist Carl Weinberg.
U.S. stock futures were little changed Thursday night after the S&P 500 had its worst session since April, dragged lower by investors' rotation out of megacap tech stocks.
Malaysia’s government said it was still evaluating its plan to slash petrol subsidies, barely a week after it was routed at a state by-election when voters expressed their discontent over persistently high living costs linked to earlier subsidy cuts.
A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months.