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TORONTO (Reuters) -The downturn in Canada’s services economy eased in July as the pace of decline in new business activity slowed and firms grew more optimistic about the outlook for activity, S&P Global’s Canada services PMI data showed on Wednesday. The headline Business Activity Index rose to 49.3 last month from 44.3 in June. That …

Canada’s services PMI rises to eight-month high in July as business confidence improves Read More »

JAKARTA (Reuters) -Several Indonesian economic think tanks called on Wednesday for a more detailed explanation of the government’s gross domestic product data, disputing the official release that growth in the second quarter was at its fastest in two years. Data released by Statistics Indonesia on Tuesday showed Southeast Asia’s largest economy grew 5.12% on a …

Indonesian economists question upside surprise in quarterly GDP Read More »

By Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand’s economy is expected to grow 1.8% to 2.2% this year, higher than a previous forecast of 1.5% to 2.0%, after the United States lowered its tariff rate to 19% on imported goods from the country, a leading business group said on Wednesday. The new tariff set last week is …

Thai business group raises 2025 GDP growth forecast to between 1.8% and 2.2% Read More »

By Khanh Vu HANOI (Reuters) -Vietnam reported robust trade activity in the first seven months of this year, with imports of goods from the United States rising by nearly 25% after its March tariff cuts on several American products, government data showed on Wednesday. Exports in the January-July period rose 14.8% over the same period …

Vietnam reports strong January-July trade data, imports from US rise 22.7% Read More »

(Reuters) -The Reserve Bank of India (RBI) kept its key repo rate steady at 5.50% on Wednesday, in line with expectations, as policymakers waited to see the impact of recent rate cuts and assessed risks from higher-than-expected U.S. tariffs. The six-member rate-setting panel held the policy rate in a unanimous vote and decided to continue …

India central bank holds rates as expected, flags US tariff risks Read More »

BANGKOK (Reuters) -Thailand’s annual inflation rate was negative for a fourth straight month in July, driven by price drops in energy and some agricultural goods, but the commerce ministry said on Wednesday that the economy was not suffering from deflation.  The consumer price index dropped 0.7% in July from a year earlier, deeper than the …

Thailand records another negative inflation reading in July Read More »