Protest-hit Hong Kong unveils $2.4 billion economic support package
14:07 | 20/08/2019 Global Economy
The Hong Kong government unveiled a HK$19.1 billion (1.98 billion pounds) package last weeek to support a slowing economy as escalating political protests and the prolonged U.S.-China trade war weigh heavily on the Asian financial centre.
Trump delays some tariffs on Chinese imports
15:36 | 15/08/2019 Global Economy
The US is delaying imposing tariffs on some imports from China until 15 December because of "health, safety, national security and other factors".
Philippines’ economy shows lowest growth in four years
16:15 | 09/08/2019 Global Economy
The Philippine Statistics Authority (PSA) reported on August 8 that the gross domestic product (GDP) growth slowed to 5.5 percent in the second quarter, its slowest pace in four years.
Trump announces total economic embargo against Venezuela
15:01 | 07/08/2019 Global Economy
President Donald Trump on Monday announced the US would expand its existing sanctions against Venezuela with an executive order banning Americans doing business with President Nicolas Maduro's government.
Singapore calls for efforts to cope with economic challenges
16:18 | 05/08/2019 Global Economy
Singaporean Minister of Education Ong Ye Kung called on academia to suggest measures to cope with challenges to economic development during a symposium held by the Nanyang Technological University on August 5.
Mexico's stimulus package to have 'immediate impact': finance minister
15:14 | 31/07/2019 Global Economy
A $25 billion stimulus package unveiled by Mexico on Monday should have an immediate impact, Finance Minister Arturo Herrera said, as Latin America's second-largest economy teeters on the brink of a recession.
Malaysia: Three percent fiscal deficit target challenging
10:06 | 25/07/2019 Global Economy
Malaysian Finance Minister Lim Guan Eng said on July 22 that Malaysia will find it challenging to meet its 3 percent fiscal deficit target for next year due to uncertainties around the US-China trade war.
Greek PM: 2020 budget will respect fiscal targets
14:37 | 22/07/2019 Global Economy
Greece will submit a 2020 budget later this year that will fully respect the fiscal targets agreed with its lenders, newly elected Prime Minister Kyriakos Mitsotakis said on Saturday.
IMF sees slowdown in Russian economic growth; urges reforms
14:16 | 19/07/2019 Global Economy
The International Monetary Fund on Wednesday forecast that lower oil prices and higher taxes would slow Russian economic growth in 2019 and said Moscow’s medium-term growth outlook would remain modest unless it tackled deeper structural reforms.
Citibank lowers Thailand’s economic growth forecast to 3.3 percent
15:03 | 17/07/2019 Global Economy
Citibank has predicted Thai economy to expand up to 3.3 percent in 2019, while urging the new government to stimulate the domestic economy.
