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.
After a wave of rushed buying, driven by looming tariffs, US car sales have started to slow, weighing on carmakers.
The Bank of Thailand cut its key interest rate and signalled it will remain accommodative as higher US tariffs risk setting off a prolonged period of economic weakness.