Economy

China, India should handle disputes constructively: President Xi Jinping

India overtakes China in FDI inflows first time in 20 years

While India received more than $38 billion in FDI so far this year China lagged behind with $32 billion, data from global M&A and capital markets data provider showed.

Dec 29, 2018

By Jacob Nelly

A woman withdraws money from an ATM machine in Nice

SMFG weighs acquiring Asia banks to use some of $12 billion surplus capital

SMFG has been trying to build a bigger presence in emerging Asia economies, which it hopes will become its next major market besides Japan.

Dec 26, 2018

By Reuters

trump-says-government-funding-bill-must-include-money-for-border-wall-we-have-no-choice

Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises

Mnuchin also spoke on Sunday with the heads of the six largest U.S. banks, who confirmed they have enough liquidity to continue lending.

Dec 26, 2018

By Reuters

Japan's top currency official says govt ready to act to curb yen volatility

Economic fundamentals in Japan and the United States remained firm and they were in a gradual recovery trend, he added.

Dec 26, 2018

By Reuters

Saudi 2019 budget boosts spending in bid to spur sluggish economy

Spending is projected to rise to an all-time high of 1.106 trillion riyals ($295 billion), from an actual 1.030 trillion riyals this year.

Dec 19, 2018

By Reuters

South Korea cuts GDP outlook, keeps policy of seeking equitable growth

This year's growth would be the slowest pace since 2.3 percent posted in 2012.

Dec 17, 2018

By Reuters

Anti-Brexit demonstrators wave EU and Union flags opposite the Houses of Parliament, in London

Sterling's fate hangs on Brexit, UK growth to be weak

There is still only a median 25 percent probability no agreement is reached before Britain is due to leave the EU on March 29, unchanged from a November poll.

Dec 6, 2018

By Reuters

EU, Britain agree draft deal on future relations

EU officials said there was a solid consensus that remaining niggles should not hold up a final deal for Sunday, as the other 27 governments go through the new paperwork.

Nov 23, 2018

By Reuters

Singapore Q3 GDP growth well below f'cast, trade frictions dent outlook

Singapore's policymakers have repeatedly warned that a heated trade war between the US and China - one of the city state's major trade partners - could hurt the domestic economy.

Nov 22, 2018

By Reuters

Theresa May urges tech firms to stop spread of extremism online

Draft Brexit deal ends Britain's easy access to EU financial markets

Currently, inside the EU, banks and insurers in Britain enjoy unfettered access to customers across the bloc in all financial activities.

Nov 15, 2018

By Reuters

Hong Kong's third-quarter GDP growth seen cooling as trade war, rate hikes bite

The average forecast from five economists is for a third-quarter growth of 2.9 percent from a year earlier, easing from 3.5 percent in the April-June quarter.

Nov 14, 2018

By Reuters

China says will further open up its economy, slams rising protectionism

Both Singapore and China are expected to rally support for the Regional Comprehensive Economic Partnership (RCEP) pact now being negotiated.

Nov 12, 2018

By Reuters

audio-from-stolen-plane-reveals-final-moments-before-deadly-crash

China launches aviation fuel index amid slowest demand growth in four years

China is estimated to consume a total of 35 million tonnes of jet fuel this year, Gong Feng, vice president of CNAF.

Nov 10, 2018

By Reuters

China says will provide economic aid to Pakistan but more talks needed

Pakistan's foreign reserves have plunged 42 percent since the start of the year and now stand at about $8 billion, or less than two months of import cover.

Nov 3, 2018

By Reuters

Trade war to drag on Singapore economy, central bank says

Singapore, a global trading hub and financial center, is seen as a bellwether for the global economy because its exports equate to around 200 percent of its output.

Oct 26, 2018

By Reuters