The International Monetary Fund revised up Asia's economic growth forecast on Thursday, but warned that renewed escalation in U.S.-China tensions could deal a heavy blow to a region heavily integrated in global supply chains.
The U.S. budget deficit edged lower for 2025 as record-setting tariff collections helped offset what also were unprecedented numbers for payments on the spiraling national debt, the Treasury Department announced Thursday.
Oil prices edged lower on Friday, heading for a weekly loss of nearly 3%, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine.
A group representing major automakers warned late on Thursday that a chip disruption stemming from a dispute between China and the Dutch government could quickly impact U.S. auto production.
Passenger vehicle dispatches from manufacturers to dealerships rose 4.4% year-on-year in September, signalling a strong start to the festive quarter for the auto industry. According to data released by the Society of Indian Automobile Manufacturers (Siam), a total of 3,72,458 passenger vehicles were dispatched last month, compared to 3,56,752 units in September last year.
The International Monetary Fund said that global public debt is on track to exceed 100% of GDP by the end of this decade, its highest level since 1948, in the aftermath of World War II.