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BEIJING, China — China's economy expanded far more than expected in the first quarter of 2024, data showed Tuesday, but disappointing retail and industrial figures suggested leaders face severe headwinds to hit their annual growth target.
WASHINGTON: The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday.
SINGAPORE, Singapore — Singapore's economy grew slower than expected in the first quarter, early data showed Friday, as a struggling manufacturing sector weighed on tourism spending from events including Taylor Swift's concerts.
MANILA, Philippines — The Asian Development Bank (ADB) has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies.
MANILA, Philippines — New Zealand Prime Minister Christopher Luxon will travel to the Philippines with a senior business delegation next week as part of a three-country swing in Southeast Asia aimed at deepening international engagement, his office announced yesterday.
MANILA, Philippines — British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years.
MANILA, Philippines — The Philippine economy is likely to grow at a faster pace this year, but it would still be below the government’s goal of six to seven percent as rate hikes continue to constrict demand, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.