A record share of American firms froze investments in China as trade ties worsened earlier this year, a recent survey suggests.
Malaysia stands a 55% chance of reducing the final US tariff to a 15%-19% range from the current 25%, if positive trade agreements are reached, said Apex Securities Bhd.
Singapore’s economic growth is expected to slow in the second half of 2024 despite stronger-than-expected first-half performance, according to Monetary Authority of Singapore (MAS) managing director Chia Der Jiun.
The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.
The global destruction of wetlands, which support fisheries, agriculture and flood control, may mean the loss of $39 trillion in economic benefits by 2050, according to a report by the Convention on Wetlands released on Tuesday.
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.