Oil prices were little changed on Wednesday after falling in the previous session, after an industry report showed US crude stockpiles climbed last week, illustrating the end of the seasonal summer demand period is nearing.
Japan’s annual wholesale inflation slowed for the fourth straight month in July, data showed on Wednesday, underscoring the central bank’s view that upward price pressure from raw material costs will dissipate.
Economists at Nomura Holdings Inc now forecast the US Federal Reserve (Fed) will begin cutting interest rates in September as the labour market weakens and inflation presents less risk.
The US’ latest tariff may dent Malaysia’s economy and the shock will hit export-driven industries the hardest, RHB Research warned.
Malaysia’s biggest banks are well positioned to withstand US tariff headwinds even as provisions may rise, Fitch Ratings said on Wednesday.
The rate of actual Japanese investment forming part of a US$550 billion (RM2.32 trillion) US fund could be higher than the 1% to 2% initially cited, Japan’s top negotiator Ryosei Akazawa said in a live television interview on Wednesday.