The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
Malaysia's economy grew at its slowest pace in two years in the July-September quarter as the country grappled with weak external demand and what the central bank called "supply shocks" for liquefied natural gas and palm oil.
The fourth straight quarter of slowing growth presents a challenge for the administration of Prime Minister Mahathir Mohamad, who in May ended six-decade-long single party rule in Southeast Asia's third-largest economy.
The central bank forecast a slight recovery in economic growth for next year, but some private economists said a rebound was unlikely, citing a combination of slowing external growth and domestic demand.
Annual growth in July-September was 4.4 percent, Bank Negara Malaysia (BNM) said.
That was below the forecast of 4.6 percent in a Reuters poll and April-June's pace of 4.5 percent
"Growth has bottomed and on upside going forward," BNM Governor Nur Shamsiah Mohd Yunus said.
Global trade tensions could drag the country's growth down by 0.3-0.5 percent next year if it gets worse, she said.
She forecast the economy to expand 4.9 percent next year, following 4.8 percent for full-year 2018.
Capital Economics said the third quarter numbers show growth was "still struggling for momentum" and that a sustained rebound was unlikely.
It expects growth of 4.5 percent next year. Euben Paracuelles of Nomura, citing a combination of slowing global economy, lower exports and private consumption, said Malaysia's growth rate "is likely to get worse. It will be a more broad based slowdown next year."
The central bank said growth in the third quarter was supported by a 9 percent increase in household spending and 6.9 percent gain in private spending.
But the supply shocks from LNG and palm oil markets lowered growth for Southeast Asia's third-largest economy by 0.5-0.7 percentage point, the central bank said. The supply shocks have bottomed, it said.
For July-September the current account surplus narrowed to 3.8 billion ringgit.
Exports rose 6.7 percent in September from a year earlier, rebounding from a 0.3 percent annual drop the previous month, according to government data.
In the third quarter, Malaysia's trade surplus fell 4.1 percent from a year earlier to 25.2 billion ringgit. In April-June, the surplus was 27.2 billion ringgit, a 12.9 percent annual rise.
In its economic outlook report released two weeks ago, Mahathir's government forecast economic growth of 4.8 percent in 2018 - a sharp dip from last year's 5.9 percent - before inching up to 4.9 percent next year.
The government also abandoned a 2018 fiscal deficit target of 2.8 percent set by the previous administration, raising it to 3.7 percent, the highest since 2013. It expects moderation to 3.4 percent in 2019 and 2.8 percent in 2021.
The BNM governor said the central bank expects the ringgit to depreciate along with other regional currencies due to the strength in the U.S. dollar.
Inflation was largely benign in the third quarter, but is expected to edge upwards the rest of the year and into 2019, the central bank said.
Annual inflation rose 0.3 percent in September, a slight acceleration from a month earlier. The consumer price index rose 0.2 percent in August, the lowest rate since February 2015.