Global News


29 March 2020 - GCL System plans to build world’s biggest solar-panel plant
  1. More GCL System Integration Technology Co. plans to build the world’s biggest solar-panel manufacturing plant, with capacity to meet half of global demand
16 March 2020 - Australia mulls second stimulus package as market slumps on coronavirus, sources say
  1. More Australia is considering a second round of economic stimulus, three sources familiar with the deliberations told Reuters, as Canberra accelerated efforts to contain the spread of the coronavirus that has now killed five people in the country
16 March 2020 - Thai economic outlook among Asia’s weakest, with worse to come
  1. More ​Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks
12 March 2020 - Covid-19: Here’s how much money countries have pledged for virus relief
  1. More ​Italy, the U.K. and Australia were among the latest governments to add to a fast-rising global tally of government stimulus to counter economic damage from the 2019 novel coronavirus (Covid-19) outbreak
12 March 2020 - Australia unveils A$17.6 billion in stimulus to combat virus
  1. More ​Australia unveiled a A$17.6 billion ($11.4 billion) fiscal stimulus plan to buttress the economy from the coronavirus outbreak that threatens to tip the nation into its first recession since 1991
11 March 2020 - Washington considers actions to bolster U.S. economy as coronavirus cases mount
  1. More ​As U.S. coronavirus cases rose steadily, the White House and Congress negotiated measures on Tuesday to bolster the U.S. economy and Americans’ paychecks against the outbreak’s impact, although there was no immediate sign of a deal
11 March 2020 - Coronavirus piles pressure on Europe's stricken auto industry
  1. More Europe's major car and parts makers rushed to close factories and cut output in Italy and considered sending workers home elsewhere, in the first signs that the 2019 novel coronavirus (Covid-19) is disrupting the region's struggling automotive industry
11 March 2020 - Indonesia announces tax relief for manufacturing during virus outbreak
  1. More Manufacturing companies in Indonesia will not have to pay out income tax for their workers for six months, under measures to support Southeast Asia's biggest economy during the coronavirus outbreak, ministers said
11 March 2020 - China to let key industries resume work in Wuhan, epicentre of virus outbreak
  1. More ​Key industries in the central Chinese city of Wuhan, epicentre of the coronavirus outbreak that has claimed more than 4,000 lives to date, will resume work, the provincial government of Hubei province said in a notice
11 March 2020 - Warning bells sound for U.S. economy as virus squeezes ports
  1. More ​Accustomed to running at full speed this time of year, George Powers has watched as a shipping slowdown tied to the coronavirus sidelines more than half his warehouse workers at the usually bustling Port of Savannah on the U.S. East Coast
06 March 2020 - Coronavirus could cut global growth by 0.1% to 0.4%, ADB says
  1. More The Asian Development Bank (ADB) said the coronavirus outbreak is set to trim economic growth in developing Asia and around the world this year
05 March 2020 - Singapore pushes to win over virus-disrupted supply chains
  1. More ​Singapore sees opportunities to win investments from companies whose supply chains have been disrupted by the coronavirus outbreak, according to Trade and Industry Minister Chan Chun Sing
04 March 2020 - Singapore on track to roll out 5G
  1. More ​The Infocomm Media Development Authority intends to award 5G spectrum by mid-2020 after earlier receiving three submissions from Singtel, TPG as well as a joint submission from StarHub and M1, Minister for Communications and Information S. Iswaran said in parliament
04 March 2020 - Indonesia plans new stimulus package to shore up economy
  1. More Central bank is countering impact of virus outbreak
03 March 2020 - Asean manufacturing conditions improve in nine months – IHS Markit
  1. More ​Operating conditions in the Asean manufacturing sector improved for the first time since May last year in February, albeit fractionally, according to latest IHS Markit purchasing managers’ index (PMI) data
03 March 2020 - IMF, World Bank say ready to address economic challenges of coronavirus
  1. More ​The International Monetary Fund and the World Bank said they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, including through emergency funding
03 March 2020 - China's Geely invests US$326m to build satellites for autonomous cars
  1. More ​China's Zhejiang Geely Holding Group said on Tuesday it was investing 2.27 billion yuan (US$326 million) in a new satellite manufacturing plant, where it plans to build low-orbit satellites to provide more accurate data for self-driving cars
14 February 2020 - Britain beyond Brexit, PM Boris Johnson reshapes government
  1. More Prime Minister Boris Johnson will reshape his government on Thursday, appointing a team he hopes will deliver his vision for Britain beyond Brexit and heal the divisions both in his Conservative Party and the country
14 February 2020 - Coronavirus seen shaving 0.2 percentage points off Japan's 2020 GDP growth: Reuters poll
  1. More The coronavirus epidemic is expected to shave up to 0.2 percentage points off Japan’s economic growth this year as it hits exports, factory output and tourism, a Reuters poll of analysts showed
13 February 2020 - Nestle pushes back growth target after solid 2019
  1. More ​Food giant Nestle expects growth to accelerate over the next two years towards its mid-single digit organic growth target, initially set for 2020, after it hit a four-year high at 3.5% and profitability improved in 2019
13 February 2020 - Hyundai bet big on China. Now coronavirus is twisting its supply chain
  1. More ​South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As the coronavirus spreads, its strategy could be backfiring
13 February 2020 - Employees in these 3 countries are most optimistic about their careers
  1. More ​Employees in India, Indonesia and China are more hopeful about their career prospects than workers in any other major economy, according to a new study from LinkedIn
13 February 2020 - Big Oil warned White House China trade deal was unrealistic
  1. More ​Industry leaders privately warned the Trump administration that the US will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements
07 February 2020 - Japanese manufacturers linked to China suffer disruption
  1. More ​Export and import activities of Japanese manufacturing companies that are linked to China have been disrupted due to the limited production as a result of the novel coronavirus outbreak in Wuhan, Hubei Province
07 February 2020 - Dozens of Asia trade fairs, conferences postponed amid coronavirus fears
  1. More More than two dozen large trade fairs and industry conferences in Asia have been postponed because of the spread of the China coronavirus, shuttering events where billions of dollars worth of deals have been signed in the past
07 February 2020 - Japan's 4Q GDP expected to post largest decline since 2014 Reuters
  1. More Japan's economy likely shrank at the fastest pace since 2014 in the December quarter as a sales tax hike and a typhoon dented consumer spending and sluggish exports hit capital expenditure, a Reuters poll showed
07 February 2020 - DBS cuts Singapore's 2020 growth forecast to 0.9% due to Wuhan virus impact
  1. More ​Singapore's biggest bank DBS on Friday downgraded its forecast for the city-state's 2020 growth rate to 0.9% from 1.4% previously, citing an expected economic hit from the new coronavirus epidemic which has spread to the city-state
07 February 2020 - German industry output suffers biggest slump since 2009 Reuters
  1. More ​German industrial output registered its biggest drop in more than a decade in December, highlighting the weakness of the manufacturing sector that is dragging on overall growth in Europe's largest economy
05 February 2020 - Indonesia govt seeks parliament approval for corporate tax cut, other tax changes Reuters
  1. More ​The Indonesian government has submitted a sweeping tax bill to parliament that proposes corporate tax cuts and seeks to make internet giants pay more taxes, Finance Minister Sri Mulyani Indrawati said
04 February 2020 - Mitsui CFO: China virus outbreak may slow manufacturing activities of autos and others
  1. More ​Japanese trading house Mitsui & Co Ltd sees China’s outbreak of a new coronavirus may slow manufacturing activities in automobile and other sectors, and possibly reduce steel product demand, the company’s executive said
04 February 2020 - Thai developer invests $1bn to put Myanmar industry on global map
  1. More Amata aims to woo foreign manufacturers with modern industrial zone in Yangon
04 February 2020 - Panasonic in a jam as Tesla taps new battery supplies in China
  1. More EV batteries one of the few bright spots for the Japanese electronics maker
03 February 2020 - Germany ran world's largest current account surplus in 2019 - Ifo
  1. More ​Germany’s current account surplus remained the world’s largest last year despite trade tensions, the Ifo economic institute will say on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel’s fiscal policies
03 February 2020 - Rare earths producer Lynas' Kalgoorlie plant given special status
  1. More ​Rare earths producer Lynas Corp said on Monday the Australian government recognised its Kalgoorlie processing plant as a key project for the country and will support regulatory approvals
03 February 2020 - Toyota-Panasonic venture to start EV battery development in April
  1. More ​Toyota Motor Corp and Panasonic Corp have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries from April, as the Japanese companies gear up for an expected surge in demand
03 February 2020 - Nissan’s Brexit Scenarios Include Closing European Plants: FT
  1. More Japanese automaker Nissan Motor Co has drafted a contingency plan to focus on its Sunderland plant in the U.K. and cut European production if a hard Brexit leads to tariffs on car imports from the continent, the Financial Times reported, citing two people involved in the discussions
03 February 2020 - The Perfect Storm of Economic Risks on Hong Kong’s Horizon
  1. More ​The hits just keep coming for Hong Kong
31 January 2020 - Through the Brexit looking glass: What changes and what stays the same?
  1. More Brexit is the United Kingdom's biggest geopolitical move in decades. What will change and what will stay the same when Britain officially leaves the European Union on Friday at 2300 GMT?
31 January 2020 - China to boost stimulus measures as virus hammers economy
  1. More China is expected to unveil efforts to cushion the economic blow from coronavirus, with the central bank set to keep liquidity ample and the government likely to step up spending
30 January 2020 - Virus impact: Starbucks shuts stores, Toyota halts production
  1. More Starbucks Corp has closed more than half of its coffee shops in mainland China - about 2,000 of them - and Toyota Motor Corp is halting production in the country as global corporations grapple with a SARS-like coronavirus that has killed more than 130 people and is threatening a key growth market
29 January 2020 - Five technology trends to watch in 2020
  1. More The world of technology isn’t a place that can be defined by a single storyline, says Sandberg
28 January 2020 - Pegatron to open Indonesia and Vietnam plants as China costs rise
  1. More Chairman says mainland lost its competitive edge five years ago
28 January 2020 - Japan warns about risks to economy from China virus outbreak
  1. More Japanese Economy Minister Yasutoshi Nishimura on Tuesday warned that corporate profits and factory production might take a hit from the coronavirus outbreak in China that has rattled global markets and chilled confidence
24 January 2020 - Intel signals 2020 will be a turnaround year for chip industry leader
  1. More ​Intel Corp on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand
24 January 2020 - Southern Thailand to have special economic zone
  1. More ​The government has approved a proposal to develop a special economic zone (SEZ) in southern Thailand Songkhla’s Chana district with a budget of almost 19 billion baht
23 January 2020 - EU will respond in kind to new U.S. tariffs — German ambassador to U.S.
  1. More The European Union is as strong economically as the United States, and will respond to any additional U.S. tariffs with duties of its own on U.S. products, Germany's ambassador to the United States, Emily Haber, said on Wednesday
23 January 2020 - Philippines GDP grows 6.4% in 4Q, falls short of 2019 target
  1. More ​Philippine economic growth accelerated further in the fourth quarter after the government boosted infrastructure spending
22 January 2020 - IMF trims global growth estimates 2020-21 but sees improving outlook
  1. More Easing US-China trade tensions have lessened uncertainty and the world economy may have hit bottom but a sharp slowdown in India is creating a drag worldwide, the International Monetary Fund said
21 January 2020 - Taiwan outperforms other Asian tigers to notch 2.7% growth in 2019
  1. More Island benefits from trade war as companies move production home
21 January 2020 - Singapore leaps up the rankings in Bloomberg’s innovation index
  1. More ​Singapore leaped three spots to reclaim its No. 3 rank in the 2020 Bloomberg Innovation Index, while economies across Asia Pacific showed a mixed picture of progress
20 January 2020 - Subaru plans to electrify all vehicles sold worldwide by first half of 2030s
  1. More ​Japan’s Subaru Corp on Monday said it plans to electrify all its vehicles sold globally by the first half of the 2030s as part of its long-term goal to achieve a carbon-free society
20 January 2020 - Qatar to build solar power plant with Total and Marubeni
  1. More Qatar has signed an agreement with France's Total and Japan's Marubeni to build a solar power project with capacity of about 800 megawatts (MW), Qatar's energy minister said
20 January 2020 - Auto industry cautious about China's sluggish market at start of decade
  1. More China's auto market is likely to shrink for the third year in a row in 2020, the country's top auto body is expected to say on Monday, but industry watchers are cautiously hoping a sales recovery in lower-tier cities ease the pace of decline
19 January 2020 - Fanuc offers small manufacturers robots without the fuss
  1. More App-controlled devices lower the bar for adopting industrial automation
17 January 2020 - UK and EU signed up to end-of-year trade deal deadline — UK PM's spokesman
  1. More Britain and the European union have both signed up to a deadline of the end of this year to conclude trade talks, a spokesman for British Prime Minister Boris Johnson said on Thursday after EU trade commissioner Phil Hogan issued a warning
17 January 2020 - Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push -sources
  1. More Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market
17 January 2020 - Alphabet Joins Apple and Microsoft in the $1 Trillion Club
  1. More Alphabet Inc. hit a milestone on Thursday, as a rally in the stock took it above a $1 trillion valuation for the first time, solidifying the dominance of technology and internet stocks as the biggest titans of Wall Street
17 January 2020 - IPhone Manufacturer Wades Into Electric Cars With Fiat Venture
  1. More ​Hon Hai Precision Industry Co., the iPhone assembler that’s part of Foxconn Technology Group, plans to establish a joint venture with Fiat Chrysler Automobiles NV to develop and make electric vehicles in China
16 January 2020 - Asia’s chocolate craving seen driving boom in cocoa processing
  1. More ​Asian demand for chocolate is driving a surge in the region’s cocoa grindings, at a time when processing is easing elsewhere
16 January 2020 - Tesla in talks to buy Glencore cobalt for Shanghai car plant
  1. More ​Glencore Plc is negotiating a long-term contract to ship cobalt to Tesla Inc’s new electric-vehicle factory in Shanghai, according to people familiar with the matter
15 January 2020 - Analysis: Tough 2019 brings out China's resilience in foreign trade
  1. More ​By posting a 3.4% growth rate and a total foreign trade volume of 31.54 trillion yuan (about 4.6 trillion U.S. dollars), China has shown its tenacity and is expected to remain the world's biggest trading country in 2019
15 January 2020 - U.S. to maintain tariffs on Chinese goods until Phase 2 deal -Mnuchin
  1. More ​The United States will maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal
09 January 2020 - Moody's negative on outlook for AsiaPac sovereigns in 2020
  1. More Moody's Investors Service has a negative outlook for Asia Pacific (AsiaPac) sovereign creditworthiness in 2020, due to slower economic growth, a turbulent external environment and some governments' reduced capacity to respond to shocks
09 January 2020 - Indonesia plans new gas pricing for industrial users in March -minister
  1. More ​Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on Thursday
09 January 2020 - China opens up oil and gas exploration, production to foreign firms
  1. More China will for the first time allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants as Beijing looks to boost domestic energy supplies
09 January 2020 - India sees slowest growth since 2009
  1. More ​India’s economy is on track for its slowest growth since 2009, weighed down by a shadow banking crisis, weak investment and a slump in spending
09 January 2020 - Global Growth Poised for Modest Pickup This Year in Face of Stubborn Risks
  1. More ​Global economic growth is likely to pick up slowly this year and next, though the recovery will be more modest than previously estimated despite the easing of trade tensions, according to the World Bank
08 January 2020 - Geely, Mercedes-Benz launch US$780m JV to make electric smart-branded cars
  1. More ​Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan (US$388.77 million) in a China-based venture to build "premium and intelligent electrified" vehicles under the smart brand
08 January 2020 - Amazon, Intel and Ford Want to Harvest Your Data While You Drive
  1. More ​CES has long been a showcase for automotive gadgetry and a chance for tech companies to pitch their gear to carmakers. This year, the consumer electronics show is embracing an increasingly valuable byproduct of all this activity: data
07 January 2020 - Declining imports push U.S. trade deficit to three-year low
  1. More ​The U.S. trade deficit fell to a more than three-year low in November as imports declined further, likely weighed down by the Trump administration's trade war with China, and exports rebounded, suggesting the economy ended 2019 on solid footing
07 January 2020 - Toyota to build prototype 'city of the future' in Japan
  1. More ​Toyota Motor Corp said on Monday it plans to build a prototype "city of the future" at the base of Japan's Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, "smart homes," artificial intelligence and other technologies
06 January 2020 - China's services sector expands at slower pace in Dec as confidence dips: Caixin PMI
  1. More ​China’s services sector expanded at a slower pace in December following a strong rebound in the previous month, with business confidence falling to the second lowest on record despite a pick-up in new orders, a private survey showed on Monday
06 January 2020 - December U.S. factory activity weakest in a decade — ISM
  1. More The U.S. manufacturing sector contracted in December by the most in more than a decade, with order volumes crashing to near an 11-year low and factory employment falling for a fifth straight month, according to an industry report released on Friday
06 January 2020 - Asia’s Biggest Dealmaking Force Right Now Isn't China
  1. More Japanese firms outspent Chinese rivals for the second year in a row to be the biggest dealmaking force in Asia in 2019, aided by favorable financing and reduced competition in the face of U.S.-China tensions
03 January 2020 - New law gives foreign investors teeth in bite of China market
  1. More ​The foreign investment law took effect in China starting Wednesday (Jan 1) to better protect the interests of foreign investors in the country by granting them broader access to government procurement markets through fair competition
02 January 2020 - Oil climbs on US-China trade optimism, Middle East tensions
  1. More Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply
02 January 2020 - Singapore’s Economy Slumps in Final Months of 2019
  1. More ​Singapore’s economic growth slumped in the final months of 2019 as trade-reliant sectors struggled to gain traction despite an easing of U.S.-China tensions
16 December 2019 - World economy to enter 2020 on firmer footing
  1. More ​Two of the biggest hurdles constraining the world economy have just been cleared
13 December 2019 - US to agree on trade deal with China as Asian markets cheer
  1. More Deal set to ease existing levies in exchange for farm purchases and IP protection
13 December 2019 - Asia-Pacific growth tipped to flatline at 3.3% beyond 2020
  1. More Export recovery to be led by Vietnam and other Southeast Asian economies
13 December 2019 - China aims to achieve economic stability for 2020
  1. More ​China will focus on economic stability in 2020, maintaining its proactive fiscal policy and prudent monetary policy to ensure high-quality growth, a statement issued after the annual Central Economic Work Conference said
12 December 2019 - APEC 2020 to redefine the role of trade and investment
  1. More ​The APEC Informal Senior Official’s Meeting (ISOM) and Senior Officials Meeting (SOM) which was held in Langkawi this week, kicked-off more than 120 meetings which will be held in Malaysia as part of our host year of the APEC 2020 in Kuala Lumpur, in November next year
11 December 2019 - China sees US delaying Dec 15 tariffs as talks continue
  1. More ​Chinese officials expect President Donald Trump to delay a threatened tariff increase set for Sunday, giving more time to negotiate an interim trade deal that both sides continue to insist is close to fruition despite a series of missed deadlines, according to people familiar with the discussions
11 December 2019 - ADB cuts growth views for China, developing Asia as trade war bites
  1. More ​The Asian Development Bank (ADB) said on Wednesday it has lowered its growth forecasts for developing Asia this year and the next, as a weaker outlook for China and India indicated softer economic activity elsewhere in the region
11 December 2019 - China’s leaders gather to set economic targets for 2020
  1. More China’s annual economic policy-setting meeting begins Tuesday and will wrap up on Thursday, according to people briefed on the plans, right as negotiators aim to finalize a phase-one trade deal with the US
10 December 2019 - Aluminium producers prepare for troubled times ahead: Andy Home
  1. More ​The aluminium market is in trouble again
04 December 2019 - Europe set to overhaul entire economy in green deal push
  1. More ​The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy
03 December 2019 - Chinese 5G sparks gold rush for Japan's masters of materials
  1. More Little-known suppliers set to cash in as Huawei and Beijing bet big
03 December 2019 - Japan preparing $120 billion stimulus package as recession risks grow
  1. More ​Japan is preparing an economic stimulus package worth $120 billion to support fragile economic growth, two government officials with direct knowledge of the matter said on Tuesday, complicating government efforts to fix public finances
03 December 2019 - Huawei wants to build new factory capacity in Europe for 5G
  1. More ​Huawei founder Ren Zhengfei wants to build new factory capacity in Europe to make 5G equipment there, hoping to assuage fears stemming from U.S. allegations that its equipment could be used by China for spying, the Globe and Mail reported
03 December 2019 - China’s growing business presence in Singapore
  1. More The cranes and their operators are hard at work at the former Normanton Park, preparing the 6.14ha site for a new residential estate. Home to many Singapore Armed Forces staff and their families since the 1970s, it was sold en bloc in 2017 to Chinese developer Kingsford Huray Development for S$830.1mil
02 December 2019 - Global manufacturing shows some green shoots as 2019 winds down
  1. More ​Global manufacturing is looking a little brighter heading into the end of the year, with a pickup in China and Germany validating calls that global growth is stabilizing
02 December 2019 - China to build space-based solar power station by 2035
  1. More ​China plans to accomplish a 200-tonne megawatt-level space-based solar power station by 2035, according to the China Academy of Space Technology
02 December 2019 - Brexit, weak global demand to hurt UK in 2020, industry warns
  1. More ​Brexit pressures and political uncertainty have prompted the Confederation of British Industry and a manufacturing trade body, Make UK, to downgrade their growth forecasts for next year
02 December 2019 - Is the US economy headed for expansion?
  1. More ​With the US consumer still holding up the fort, more efforts to increase labour participation and income growth will further support consumer spending. Wall Street has charted fresh records
03 October 2019 - Southeast Asia's internet economy to hit US$300b by 2025 — report
  1. More ​Southeast Asia's internet economy is forecast to reach US$300 billion by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said
06 September 2019 - Trade uncertainty to trim $850 billion global output: Fed paper
  1. More ​Trade policy uncertainty driven by the Trump administration’s escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as $850 billion lost globally through early next year, research published this week by the Federal Reserve suggests
06 September 2019 - Swiss growth slows as global uncertainty holds back investment
  1. More ​Swiss economic growth slowed in the second quarter, with business spending suffering amid fallout from the trade war and a slump in neighbouring Germany
06 September 2019 - Tech leaders in Asia warn of supply chain split
  1. More Such splintering may extend to other areas, including AI
05 September 2019 - China sets sight on leapfrogging US and Japan in fuel-cell vehicles with subsidies for buyers and incentives for charging stations
  1. More ​China’s government has set its sight on fuel-cell vehicles as the next growth engine in the world’s largest automobile market, as it aims to catch up with the United States and Japan in cutting emissions and taking the next giant leap in technology

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Last Updated : Tuesday 7th April 2020