Economists have turned more upbeat on Malaysia’s trade trajectory, raising their export forecasts for 2025 after October’s sharper-than-expected export surge signalled firmer external demand heading into year-end.
The US trade deficit shrank in August as a slew of global tariff rates from President Donald Trump kicked in, official data showed on Wednesday after a lengthy delay due to a government shutdown.
Oil prices edged higher on Thursday, recovering from losses in the previous session, as markets assessed the latest US proposals to end the war in Ukraine and prepared for a US deadline to cease operations with two major Russian oil firms.
The Bank of Japan (BOJ) must continue to normalise monetary policy by raising real interest rates to "a state of equilibrium" to avoid creating unintended distortions in the future, board member Junko Koeda said on Thursday.
US officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centrepiece of President Donald Trump’s economic agenda.
Taiwan stocks bounced back and South Korean shares reclaimed the key 4,000 level on Thursday, after chip titan Nvidia's encouraging results eased worries about a likely AI bubble that had recently gripped global markets.