Malaysia’s services producer price index (SPPI) recorded a year-on-year increase of 1.0% in the second quarter, up from the 0.6% increase registered in the previous quarter, according to the SPPI report released on Wednesday by the Department of Statistics Malaysia (DOSM).
South Korea’s presidential policy chief said the country’s US$350 billion (RM1.48 trillion) investment pledge as part of the US trade deal is largely structured as loan guarantees rather than direct capital injections, seeking to ease domestic concerns over the scale and risks of the agreement.
US Treasuries halted Friday’s rally as traders braced for a hefty slate of bond sales this week.
Last week’s economic data caught up with the kind of economy that company executives and consumers have long described this year: flashing some warning signs.
Shares in Asia rose for a second consecutive session, and the US dollar held most of its losses on Tuesday as investors increased bets the Federal Reserve (Fed) will act to prop up the world's largest economy.
China’s services activity unexpectedly accelerated in July to the fastest pace in over a year, a private survey showed, indicating resilience in the sector during the summer travel season.
