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  • Indonesia's Trade Deficit Widened Sharply in January

    Indonesia's trade deficit widened last month, as imports to and exports from China fell. Southeast Asia's largest economy had a trade deficit of about $864.2 million in January, official data showed Monday. That compares with the $382 million deficit forecast by economists polled by The Wall Street Journal.

  • Thailand's Economic Growth Slowed to Five-Year Low in Fourth Quarter

    Thailand's economy grew at its slowest pace in five years in the fourth quarter, dragged down by lower government spending and exports despite relatively steady private consumption. Gross domestic product expanded 1.6% in the October-December quarter from a year earlier, compared with the 2.6% growth in the previous three months, the Office of the National Economic and Social Development Council, the government's economic-planning arm, said Monday. That fell short of the...

  • China Home-Price Growth Slowed to 18-Month Low in January

    BEIJING--China's home-price growth in January was at an 18- month low as a years-long tightening of the property market met with effects from the coronavirus outbreak, which has brought the world's second-largest economy to a near standstill. The average price of new homes increased 6.45% on year in January, slowing from a 6.81% increase in December, according to calculations by The Wall Street Journal based on data released Monday by the National Bureau of Statistics.

  • China Attracted $12.68 Billion of Foreign Direct Investment in Jan, Up 2.2% on Year

    BEIJING--China attracted $12.68 billion of foreign direct investment in January, up 2.2% from a year earlier, the Ministry of Commerce said Monday. In January, investment from South Korea and Japan jumped 157.1% and 50.2% on year, respectively, the ministry said. (END) Dow Jones Newswires 02-16-20 2149 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • Singapore's Exports Fell Less-Than-Expected in January

    SINGAPORE--Singapore's non-oil exports fell in January, mainly due to declines in electronic and non-electronics exports. Exports of goods made in Singapore dropped 3.3% in January compared with a year earlier, after growing 2.4% in the preceding month, Enterprise Singapore said Monday. The median estimate of eight economists in a Wall Street Journal poll was for a 3.5% contraction in exports in January from a year earlier.

  • Singapore's Economy May Contract This Year Due to Coronavirus

    Singapore's economy could contract this year due to the impact from the coronavirus outbreak on the export-dependent country. The government said Monday economic growth is forecast at -0.5% to +1.5% in 2020, compared with its prior estimate of +0.5% to +2.5%. Growth for this year is expected to come in at around 0.5%.

  • New Zealand Visitor Arrivals Growth Slowest Since 2013

    WELLINGTON, New Zealand--Growth in visitors to New Zealand was its slowest in six years in 2019 as fewer Chinese and Malaysians traveled to the country. The number of Chinese visitors dropped 9.0% to 407,100 and visitors from Malaysia slid 26.0% to 41,800, Statistics New Zealand said Monday. Total visitors to New Zealand in 2019 grew 0.7% to 3.89 million as Australia and U.S. visitors increased.

  • How High Should Government Debt Go? Economists Can't Agree

    FRANKFURT-- Governments around the world are loading up on debt, taking advantage of record-low borrowing costs to extend a long economic expansion and invest for future challenges. Economists warned a decade ago that pushing public debt above about 90% of gross domestic product could hurt growth and increase the risk of crises. Now they aren't so sure.

  • New Source of Climate Pressure for Companies: Workers

    Investors and customers aren't the only ones pressuring big companies to address climate change-- employees are joining in too. From Walmart Inc. to Microsoft Corp., many large companies say that concrete commitments to curb greenhouse-gas emissions and buy green power are becoming important to recruiting and retaining workers, especially younger ones. The issue is especially pronounced in the tech industry, where competition for skilled workers is fierce, and some...

  • Bayer, BASF Ordered to Pay $265 Million in Weedkiller Crop-Damage Suit

    A jury ruled against Bayer AG (BAYZF) and BASF SE (BFFAF) in a crop-damage case, awarding $265 million to a Missouri peach farmer who claimed the companies encouraged farmers to irresponsibly spray a hard-to-control weedkiller. Peach farmer Bill Bader sued the pesticide-and-seed makers after he said thousands of his fruit trees sustained damage in 2015 and 2016. The damage, he alleged, was caused by a herbicide called dicamba that drifted from neighboring cotton fields, planted with...

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