Malaysia’s exports defied expectations with a strong rebound in July, thanks to a sharp surge in shipments of electronics.
Stocks in Asia and oil prices edged lower on Tuesday before a key meeting of central bankers and as traders evaluated promising diplomatic signals toward ending hostilities between Russia and Ukraine.
President Donald Trump’s tariff war is accelerating Beijing’s trade and investment push into developing nations known as the Global South, according to research by S&P Global, potentially creating a new trade order dominated by Chinese firms.
The German Rubber Industry Association (WDK) is urging the European Union to adopt a “first-touch clearance” under the EUDR, warning that the current framework risks overwhelming natural rubber (NR) businesses with excessive and repetitive bureaucracy.
Thailand’s lower house of Parliament passed a 3.78 trillion baht (US$117 billion or RM490.46 billion) annual budget, needed to support a fragile economy that’s at risk from issues ranging from the impact of higher US tariffs to a downturn in tourism.
Oil slipped as traders turned their attention to US President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy on Monday, with the Ukrainian leader facing US pressure to reach a peace deal with Russia that involves ceding territory.