Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Stocks in Asia rose in Wednesday afternoon trade following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
Sen. Josh Hawley, a well-known tech critic, is introducing legislation that would remove the immunity big technology companies receive for user-posted content under Section...Technologyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Zuckerberg fell out of Glassdoor's top 20 CEO ranking for the first time, although his employee approval rate remains high.Technologyread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
The fashion industry is currently swept up in a storm of nostalgia. Riding on this throwback wave, Italian heritage brand Fila and American sweatshirt producer Champion are...Apparelread more
Singapore's economy expanded at a much slower pace than initially thought in the third quarter, with the government flagging a further moderation in the current quarter and 2019 in part due to the U.S.-Sino trade war.
The prosperous city-state is seen as a bellwether for global growth because international trade dwarfs its domestic economy, equating to about 200 percent of its GDP. Global markets have suffered a shakeout in the past two months as trade tensions fanned worries about a slowdown in world trade, business investment and growth.
The economy grew 3.0 percent in the July-September quarter from the previous three months on an annualized and seasonally adjusted basis, revised final figures from Ministry of Trade and Industry (MTI) showed on Thursday. The government's initial estimate, released on October 12, had showed the economy grew 4.7 percent.
Gross domestic product grew 2.2 percent in the third quarter from the year earlier, slower than the advance estimate of 2.6 percent growth.
The median of 11 analysts in a Reuters poll predicted a 4.2 percent rise quarter-on-quarter and a 2.4 percent rise on a year-on-year basis.
The MTI revised its forecast for GDP growth for 2018 to 3.0 to 3.5 percent, from 2.5 to 3.5 percent previously. It gave a wide range for 2019's GDP growth forecast of between 1.5 to 3.5 percent.
"The external demand outlook for the Singapore economy in 2019 is slightly weaker as compared to 2018. At the same time, risks in the global economy are tilted to the downside," Loh Khum Yean, permanent secretary for trade and industry said.
"There is the risk of a further escalation of the ongoing trade conflicts between the U.S. and its key trading partners, which could trigger a sharp fall in global business and consumer confidence."
Export growth to China has slowed for 5 months in a row, raising worries about the outlook as the Sino-U.S. trade tensions showed no signs of abating.
A Singapore central bank official told reporters at a news briefing following the data release that the inflation and monetary policy outlook remains unchanged. The Monetary Authority of Singapore has tightened policy at both of its semi-annual meetings this year, most recently in October.
Jeff Ng, an economist with Continuum Economics, said he did not expect the softer growth to derail the MAS' tightening cycle, adding he expected a further tightening at the central bank's next scheduled policy announcement in April.