China's factory output growth slumped to an eight-month low in July, while retail sales slowed sharply, raising pressure on policymakers to roll out more stimulus to revive domestic demand and ward off external shocks to the US$19 trillion (RM80.16 trillion) economy.
Malaysia eked out a tiny current-account surplus in the second quarter, the smallest in at least over 26 years, as excess in goods account narrowed sharply, official data showed.
Malaysia’s economy expanded steadily in the second quarter as robust domestic demand, its main engine of growth, cushioned deceleration in exports, official data showed.
London is bearing the brunt of the UK’s jobs slowdown as a combination of tax rises, elevated wage costs and weak consumer spending force the city’s business to cut payrolls faster than in the rest of the country.
The U.K. economy grew more than expected in June, after two months of contraction, but expansion still slowed in the second quarter of the year.
Rubber prices went their separate ways – Japanese and Chinese contracts dipped slightly, while Singapore’s benchmark climbed, as traders weighed heavy rain forecasts in Thailand and a stronger yen.