News
World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise
1+ hour, 52+ min ago (423+ words) The country has been using state finances to keep fuel prices unchanged [JAKARTA] The World Bank said on Thursday (Jun 11) that Indonesia's economic growth was expected to slow to 5 per cent in 2026 as it comes under increasing fiscal strain from…...
Thai consumer confidence drops to lowest level in over three years in May
5+ hour, 19+ min ago (257+ words) Bank of Thailand governor has forecast 2 % economic growth and 3% inflation this year [BANGKOK] The consumer confidence index of the University of the Thai Chamber of Commerce dropped for a third straight month to 49. 5 in May from 50. 6 in the previous month,…...
Stocks fall as tensions flare up with new US attacks on Iran
6+ hour, 43+ min ago (707+ words) Latest US strikes have injected more volatility into global markets and threaten to further crimp oil supplies STOCKS dropped as Middle East tensions flared up with new US attacks on Iran, weighing on markets already grappling with a sell-off in…...
The next financial crisis could start with advanced economies" sovereign debt
1+ day, 6+ hour ago (195+ words) Emerging markets will disproportionately bear the consequences of any such turmoil FOR much of the past four decades, financial crises were often associated with emerging markets. The Latin American debt crisis, Asia in 1997, Russia in 1998 and Argentina in 2001 shared a…...
Wall Street indexes fall more than 1%, hit by tech, Iran war worries
12+ hour, 43+ min ago (664+ words) The US Federal Reserve is widely expected to hold interest rates steady at its June policy meeting [NEW YORK] The major US stock indexes ended more than 1 per cent lower on Wednesday (Jun 10), with chipmaker shares extending recent declines and…...
US inflation accelerates, though core gauge comes in softer
21+ hour, 5+ min ago (413+ words) Prices of household essentials, aside from petrol, rose at a more muted pace in May US INFLATION accelerated again in May as the Iran war pushed up energy prices, though a gauge of underlying inflation rose by less than forecast....
US stocks: Wall Street dips as tech declines, Middle East tensions mount
20+ hour, 18+ min ago (640+ words) WALL Street's major indexes edged lower on Wednesday (Jun 10), as technology stocks extended losses and renewed tensions between the United States and Iran overshadowed a tame inflation reading. Volatility has picked up across stock markets in recent days, as investors…...
Morgan Stanley Australia CEO warns of weaker property market
1+ day, 5+ hour ago (396+ words) The tax changes are designed to lower the barriers for first-time buyers to enter one of the world's least affordable housing markets [MELBOURNE] Tax changes for property investors in Australia could trigger a property market downturn at a time when…...
Japan wholesale inflation accelerates to fastest in three years as energy costs spike
1+ day, 7+ hour ago (513+ words) [TOKYO] Japan's wholesale inflation accelerated in May at the fastest pace in three years as price pressures from the Middle East war broadened, data showed on Wednesday (Jun 10), adding to the case for further interest rate hikes by the central…...
Chinese consumer inflation unexpectedly stalls despite oil shock
1+ day, 8+ hour ago (466+ words) Producer inflation accelerates to 3. 9% from a year [BEIJING] China's consumer inflation unexpectedly stalled in May even as factory prices gained at the fastest pace in almost four years, as higher commodity costs bring closer the end of a record streak…...