Asean governments must lead with strong leadership and planning for the region's clean energy grid, or they risk wasting billions of dollars on stranded renewable energy investments, an economist warns.
Federal Reserve governor Stephen Miran said recent trade tensions have increased uncertainty in the outlook for growth, making it more important for policymakers to lower interest rates quickly.
The two-week-old federal government shutdown is costing the US economy about US$15 billion (RM63.4 billion) a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic toll and urging Democrats to "be heroes" and side with Republicans to end it.
Asian stocks looked poised for a volatile session Thursday, mirroring Wall Street’s swings as investors weighed the uncertain fallout from escalating US-China trade tensions.
The International Monetary Fund edged up its 2025 global growth forecast on Tuesday as tariff shocks and financial conditions have proven more benign than expected, but warned that a renewed U.S.-China trade war threatened by President Donald Trump could slow output significantly.
The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy overall "may be on a somewhat firmer trajectory than expected," Federal Reserve Chair Jerome Powell said on Tuesday.