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Global economy

Hong Kong MTR Corp’s profit rises 45% to HK$6 billion as ridership recovers strongly

by Ron Morgan
Hong Kong MTR Corp’s profit rises 45% to HK billion as ridership recovers strongly

Hong Kong MTR Corp’s profit rises 45% to HK$6 billion as ridership recovers strongly Hong Kong’s MTR Corporation has posted a 44.7 per cent rise in net profit to HK$6.04 …

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Opinion | How to read China’s economic report card for the first 5 months of 2024

by Walter Watson
Opinion | How to read China’s economic report card for the first 5 months of 2024

As the first half of 2024 comes to an end, the state of China’s economic recovery is a mixed bag of joy and concern. The positive aspect is that multiple …

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Opinion | 4 reasons investors are optimistic despite threats to global economy

by Anas Siddiqui
Opinion | 4 reasons investors are optimistic despite threats to global economy

Yet despite all these risks and vulnerabilities, a sense of optimism permeates markets. While it is often hard to disentangle complacency from bullishness, sentiment has not been this upbeat since …

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Opinion | Cold war 2.0 would exact a much higher economic price

by Walter Watson
Opinion | Cold war 2.0 would exact a much higher economic price

In her address to the Stanford Institute for Economic Policy Research titled “Geopolitics and its impact on global trade and the dollar” on May 7, Gopinath observed that global economic …

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China penalises US acid imports in retaliatory move as trade relations grow caustic

by Walter Watson
China penalises US acid imports in retaliatory move as trade relations grow caustic

China announced on Friday it would levy anti-dumping penalties of over 40 per cent on imports of a chemical from the United States used in foods, pesticides, pharmaceuticals and drug …

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Opinion | Interest rate cuts or no, a new financial crisis may be inevitable

by Anas Siddiqui
Opinion | Interest rate cuts or no, a new financial crisis may be inevitable

It’s instructive to read Mervyn King, former governor of the Bank of England, in his book The End of Alchemy: Money, Banking and the Future of the Global Economy, to …

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Opinion | Why a mistake by the Fed will make it harder for Asia to cut rates

by Anas Siddiqui
Opinion | Why a mistake by the Fed will make it harder for Asia to cut rates

Yet, since the start of this year, doubts have crept in about the Fed’s ability and willingness to loosen policy significantly. The uncertainty stems from deeper concerns about a costly …

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Opinion | No recession in 2023 but it’s not yet time to breathe a sigh of relief

by Anas Siddiqui
Opinion | No recession in 2023 but it’s not yet time to breathe a sigh of relief

First, it remains possible the gloom a year ago was well justified, and a recession still hangs over us. Fears have abated but not gone away. True, the alarming increase …

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Opinion | Falling global trade and rising debt point to grim outlook for 2024

by Anas Siddiqui
Opinion | Falling global trade and rising debt point to grim outlook for 2024

Not collapsing, just crumbling. That would be a good way to describe the state of the global economy at present, and now that it has begun sliding, it probably won’t …

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Opinion: How the Middle East can play a vital role in the ‘Asian century’

by Walter Watson
Opinion: How the Middle East can play a vital role in the ‘Asian century’

On the cusp of what many visionaries hail as “the Asian century”, a palpable wave of anticipation is surging. Historically, while industrial Europe shaped the 19th century and the US …

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