China will deploy policy-based financial tools to the value of 500 billion yuan (US$70.25 billion or RM295.9 billion) to accelerate investment projects, the state's planner said on Monday, as part of efforts to support the slowing economy.
European Central Bank chief economist Philip Lane said he doesn’t see any major risks to inflation in either direction, suggesting he and his colleagues may be happy to leave interest rates where they are for the time being.
From the muddy grounds of a former amusement park on South Korea's coast, tens of thousands of vehicles are being packed for shipment overseas as booming used car exports help to mitigate the impact of US tariffs on new car sales.
The US Labor and Commerce departments said on Monday that their statistics agencies would halt economic data releases in the event of a partial government shutdown, including closely watched employment data for September, construction spending and possibly international trade data for August.
China’s factory activity extended its decline into a sixth month, the longest slump since 2019, as the economy descends into a slowdown after a growth spurt to start the year.
Oil prices fell sharply in Asian trade on Monday as reports that OPEC+ will raise production again in November and the resumption of Kurdish oil exports to Turkey heightened concerns over a growing global supply glut.