Tag: global economy
On a year-to-date basis, international funds have taken out RM7.68 billion worth of local equities from Bursa.
Like other economic superpowers, China grew on the back of manufacturing exports. But, unlike those countries, it is now threatening to compete directly with the West.
Oil prices have recovered some ground boosted by positive news from China’s services sector.
The move is likely to further irk China in the wake of Washington's latest US$8 billion arms sales to self-ruling Taiwan, which Beijing views as part of its territory.
OPEC has come a long way since it sought outside help to cut oil supplies in order to drain excess inventories.
Now there is pressure for the two sides to ensure at the very minimum that their tariff battle doesn’t worsen.
The US-China trade war is escalating as Washington plans another wave of tariffs on Chinese imports set to further effect the global economy.
Despite global weaknesses and sluggish Chinese industrial data amidst the US-China trade war, Bursa Malaysia opens easier today.
Airlines will still turn a profit this year, but there is no easy money to be made says IATA general.
It is not good news as Bursa Malaysia's index opened 6.03 points weaker at 1,626.77 as trade talks between the United States and China continue to add on uncertainty to the global economy.
The mountain of repayments coincides with a slowing global economy, changes in monetary policy as central banks attempt to normalise policy, and record levels of sovereign debt borrowing.
IMF Managing Director says trade tensions are already having a global impact.
Euro zone manufacturing activity barely expanded at the end of 2018 while Taiwan and South Korea also saw activity shrink.
The World Bank Doing Business 2019 Report ranks Malaysia at the 15th spot, up nine places.
The IMF statement said it would push to improve the World Trade Organisation and boost confidence in the global trading system.
The warning came shortly after US Treasury Minister Steven Mnuchin told reporters there was no "macroeconomic" effect yet on the world's largest economy.