Malaysia’s gross loan growth eased in November as growth in business loans and corporate bonds moderated slightly, according to data released by the central bank on Wednesday.
Chinese automakers are set to become the world's largest sellers of new vehicles in 2025, overtaking Japanese manufacturers for the first time, Xinhua reported, citing the Nikkei.
Asian stocks drifted on the last trading day of a year that has seen investors brush off much of the tariff-related uncertainty and embrace artificial intelligence (AI) chip stocks, while the dollar's dismal year has left the euro and sterling standing tall.
China announced initial public spending plans worth a total of US$51 billion (RM206.91 billion) to boost consumption and investment next year, moving early to shore up demand and cushion the economy against rising external headwinds.
Oil prices were little changed on Wednesday but are set to fall more than 15% for 2025, as supply outpaced demand in a year marked by wars, higher tariffs and Opec+ output and sanctions on Russia, Iran and Venezuela.
Chinese electric vehicle (EV) maker Leapmotor expects to sell more than 4 million vehicles a year within the next decade, CEO Zhu Jiangming said on Monday.