Latest news with #exporteconomy
Bloomberg
01-07-2025
- Business
- Bloomberg
Ringgit Rises to Nine-Month High on Tariff Relief, Weak Dollar
Malaysia's ringgit advanced to the strongest level in nine months against the dollar, buoyed by easing global trade tensions and broad weakness in the US currency. The ringgit climbed as much as 0.7% to 4.1805 per greenback, a level last seen in October. The currency has rallied in recent weeks amid signs the global trade war is easing, boosting sentiment for the export-dependent economy.
CNA
12-06-2025
- Business
- CNA
Japan's business mood worsens as US tariff uncertainty takes toll
TOKYO :Japan's business sentiment worsened in April-June for the first time in five quarters, a government survey showed on Thursday, a sign uncertainty over U.S. tariff policy was taking a toll on the country's export-heavy economy. An index measuring big firms' business confidence fell to -1.9 in the current quarter, following +2.0 in January-March, Ministry of Finance data showed. The index indicates the ratio of companies that saw business conditions improve from the previous quarter, versus those who saw conditions worsen. A negative reading shows more firms saw conditions worsening.
Wall Street Journal
14-05-2025
- Business
- Wall Street Journal
South Korean Think Tank Halves 2025 Growth Forecast
South Korea's state-run think tank halved its growth forecast for the country this year, citing higher U.S. tariffs as a major downside risk to the export-led economy. Global trade conditions have deteriorated after the Trump administration raised duties on imports sharply in April, the Korea Development Institute said Wednesday. The recovery in South Korea's domestic demand has also remained weak, it said.
