Latest news with #EconomicOutlook
Yahoo
3 days ago
- Business
- Yahoo
Questex's IHIF Asia Announces Keynotes from DBS and Booking.com
HONG KONG, July 28, 2025 /PRNewswire/ -- Questex's second annual International Hospitality Investment Forum (IHIF) Asia announces Mo Ji, Managing Director, Chief China/HK Economist, Group Research, DBS and Anthony Lu, Regional Director North & South APAC, will present keynote addresses. IHIF Asia takes place at the Regent Hong Kong 17-19 September 2025. Dr. Ji will present "Global Economic Outlook and Geopolitical Shifts: Navigating Market Disruptions and Inbound Capital Flows" and will explore the influence of geopolitical shifts, inbound capital flows and how countries like Vietnam, Cambodia and Thailand are benefiting from changing trade dynamics and U.S. policy impacts across the Asia Pacific region. Lu will present "Destination Asia: Forecasting Consumer Trends and Tourism Flows Across the Asia Pacific Region" and will provide an in-depth look at the projected volume and value of domestic, intraregional, and inbound travel flows in Asia Pacific. Key sessions focused on investment opportunities include: CBRE Capital Talks: New Cycle, Next Generation: Seizing opportunities in Asia's real estate shift and capital diversification Maximizing Returns: Evaluating Third-Party Operators and Owner-Brand Partnerships Hospitality Disrupted: CEO Perspectives on Growth, Innovation & Sustainability View the agenda here. "We are very pleased to welcome Dr. Ji and Anthony Lu to our program. They will deliver our audience with insights and strategies they need to make informed investment deals to navigate the opportunities in one of the world's most compelling hospitality markets," said IB Saravanan, Vice President, Questex Asia. IHIF Asia unites top players in the hospitality investment community, including HNWIs, family offices, sovereign wealth funds, private equity groups, global hotel brands, forward-thinking operators and leading developers. Register to attend IHIF Asia here. For media registration, contact Meryl Franzman at mfranzman@ For sponsorship opportunities, contact Andrew Walmsley at awalmsley@ Stay connected on LinkedIn, Facebook, X and Instagram. About Questex Questex helps people live better and longer. The company brings people together in the markets that help people live better—hospitality, operational real estate and wellness—and the industries that help people live longer—life sciences and healthcare—along with the technologies that enable and fuel these new experiences. In the experience economy, Questex connects its ecosystem through live events, enriched with data insights and digital communities, to deliver exceptional experiences and measurable results. It happens here. ### Media ContactMeryl FranzmanIHIF Asiamfranzman@ View original content to download multimedia: SOURCE Questex Asia Sign in to access your portfolio
Zawya
22-07-2025
- Business
- Zawya
Qatar's growth outlook strengthens amid global instability: Standard Chartered
Doha: In its latest report titled "Global Focus - Economic Outlook H2-2025", Standard Chartered said that Qatar's growth momentum is expected to remain intact in H2-2025, supported by robust public investment and a continued commitment to economic diversification. The report indicated that while Standard Chartered's global growth has been revised slightly to 3.1 percent from 3.2 percent earlier in the year, due to ongoing trade policy uncertainty and geopolitical tensions, Qatar and the broader Middle East region continue to stand out for their resilience and forward-looking policy agenda. Standard Chartered's report maintained its 2025 GDP growth forecast for Qatar at 4.0 percent, while raising the 2026 forecast to 5.5percent (from 4.0 percent previously), reflecting increased confidence in the timeline for gas output expansion and LNG export growth. This revised outlook is above the average market expectation of 5.2 percent and slightly below the IMF's 5.6 percent. The report sees Qatar's real GDP per capita rising to approximately USD 110,000 by 2026, a level that supports the country's transition toward developed-market status and potential inclusion in various emerging market indices. The non-hydrocarbon sector, accounting for over 60 percent of GDP, is also expected to be a key growth driver in H2-2025, led by tourism, financial services, and trade. Non-hydrocarbon growth picked up notably in Q4-2024 to 6.1 percent y/y, the fastest pace in the Gulf Cooperation Council (GCC), said the report. Standard Chartered highlighted the positive impact of new public-private partnership (PPP) legislation, which is likely to encourage greater private sector participation and enhance infrastructure development across the country. While the US economy shows signs of slowing in H2, due to higher tariffs, weakening sentiment, and constrained fiscal support, and China's export momentum fades following a strong first half, Europe faces recession risks as trade negotiations with the US remain unresolved. Against this backdrop, Qatar stands out for its resilience, underpinned by a low fiscal breakeven oil price and a long-term commitment to economic diversification in line with Qatar National Vision 2030 (QNV 2030), Standard Chartered added. Commenting on this, Chief Executive Officer and Head of Coverage at Standard Chartered Qatar Muhannad Mukahall said: "Qatar's long-term vision continues to set it apart in a volatile global environment. As a bank with deep roots in the region and a longstanding presence in Qatar, Standard Chartered is proud to support the country's forward-looking policy agenda. Backed by strong fundamentals and a clear commitment to diversification, through Qatar National Vision 2030, Qatar is demonstrating how targeted reforms and strategic investments can unlock new engines of sustainable growth and keep the economy on a firm trajectory in 2025 and beyond." Moreover, the report pointed out that across the Middle East, North Africa, Afghanistan, and Pakistan region (MENAP), growth is projected at 3.4 percent in 2025, with the GCC benefiting from the reversal of OPEC+ production cuts and continued momentum in reform. Countries like Qatar, the UAE, and Saudi Arabia are showing steady progress in non-oil sectors amid shifting global trade dynamics. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-07-2025
- Business
- Zawya
Oil prices gain on demand expectations amid improving economy
BEIJING: Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%, to $69 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were up 40 cents, or 0.6%, at $66.92. That reversed two days of declines as the market downplayed the potential for supply disruptions after U.S. President Donald Trump threatened tariffs on purchases of Russian oil. Prices have seesawed in a fairly tight range as signs of steady demand from an increase in travel during the Northern Hemisphere summer has competed with concerns U.S. tariffs on its trading partners will slow economic growth and fuel consumption. However, major oil producers are pointing to improvement in economic growth for the second half of the year and Chinese data showed growth there remained consistent. "Strong seasonal demand is currently providing upward momentum to oil prices, as summer travel and industrial activity peak," LSEG analysts said in a note. "Increased gasoline consumption - especially in the U.S. during the Fourth of July holiday period - has signaled robust fuel demand, helping offset bearish pressures from rising inventories and tariff concerns." China data showed growth slowed in the second quarter, but not by as much as previously feared, in part because of frontloading to beat U.S. tariffs. That eased some concerns about the economy of the world's largest crude importer. The data also showed that China's crude oil throughput in June jumped 8.5% from a year earlier, indicating stronger fuel demand. That was the highest since September 2023, as state-owned refineries increased operations and saw a recovery in profit, consultants said. Additionally, the Organization of Petroleum Exporting Countries (OPEC) forecast in a monthly report on Tuesday that the global economy would do better in the second half of the year, boosting the oil demand outlook. India, China and Brazil are outperforming expectations while the U.S. and EU are recovering from last year, the report said. (Reporting by Colleen Howe; Editing by Christian Schmollinger)
Reuters
16-07-2025
- Business
- Reuters
Oil prices gain on demand expectations amid improving economy
BEIJING, July 16 (Reuters) - Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%, to $69 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were up 40 cents, or 0.6%, at $66.92. That reversed two days of declines as the market downplayed the potential for supply disruptions after U.S. President Donald Trump threatened tariffs on purchases of Russian oil. Prices have seesawed in a fairly tight range as signs of steady demand from an increase in travel during the Northern Hemisphere summer has competed with concerns U.S. tariffs on its trading partners will slow economic growth and fuel consumption. However, major oil producers are pointing to improvement in economic growth for the second half of the year and Chinese data showed growth there remained consistent. "Strong seasonal demand is currently providing upward momentum to oil prices, as summer travel and industrial activity peak," LSEG analysts said in a note. "Increased gasoline consumption - especially in the U.S. during the Fourth of July holiday period - has signaled robust fuel demand, helping offset bearish pressures from rising inventories and tariff concerns." China data showed growth slowed in the second quarter, but not by as much as previously feared, in part because of frontloading to beat U.S. tariffs. That eased some concerns about the economy of the world's largest crude importer. The data also showed that China's crude oil throughput in June jumped 8.5% from a year earlier, indicating stronger fuel demand. That was the highest since September 2023, as state-owned refineries increased operations and saw a recovery in profit, consultants said. Additionally, the Organization of Petroleum Exporting Countries (OPEC) forecast in a monthly report on Tuesday that the global economy would do better in the second half of the year, boosting the oil demand outlook. India, China and Brazil are outperforming expectations while the U.S. and EU are recovering from last year, the report said.
Sky News AU
11-07-2025
- Business
- Sky News AU
US President Donald Trump slaps 35 per cent tariffs on Canadian imports as Australia fears an uncertain future with PM Albanese still left in the dark
President Donald Trump has slapped a 35 per cent tariff on imports from Canada in the latest wave of levies as Australia fears the same fate. The changes are set to take effect from August 1 including blanket tariffs of 15 per cent or 20 per cent on most other trade partners. Trump made the bombshell announcement on his social media platform on Friday and threatened to exacerbate the rate should Canadian Prime Minister Mark Carney choose to retaliate against the tariffs. Trump has broadened his trade war in recent days, setting new tariffs on a number of countries, including allies Japan and South Korea, along with a 50 per cent tariff on copper. In an interview with NBC News published on Thursday, Trump said other trading partners that had not yet received such letters would likely face blanket tariffs. "Not everybody has to get a letter. You know that. We're just setting our tariffs," Trump said in the interview. 'We're just going to say all of the remaining countries are going to pay, whether it's 20 per cent or 15 per cent. We'll work that out now,' Trump said. It comes as Prime Minister Anthony Albanese faces growing pressure from politicians and the public to secure a meeting with Trump regarding Australia's future under the crushing new tariffs. This week Trump declared a steep hike in trade duties targeting key imports including copper and medicines, with pharmaceuticals facing a potential 200 per cent tariff following a brief reprieve. The move, set to take effect after a grace period of 12 to 18 months, is already sending tremors through Canberra and the corporate sector. According to Barclays analysts, the impact of the pharmaceuticals on Australia could be severe, wiping an estimated $2.8 billion from the economy through lost direct trade and downstream supply disruptions. The United States is Australia's largest market for pharmaceutical exports, accounting for 38 per cent of the sector, predominantly in blood-based products. Shadow finance minister James Patterson warned the fresh tariff threat highlighted the Prime Minister's failure to meet with the President. "It's now 247 days since President Trump has been elected and Prime Minister Albanese is one of the only world leaders not to have a face-to-face meeting with him, not to have sat down with him, not to even have made an attempt to go to Washington DC to meet with the President, and that is alarming," Mr Paterson told Sky News. Despite coming to office in January, Mr Albanese is one of only few US-allied leaders not have a face-to-face meeting with the President. Mr Albanese has been constantly criticised for his lack of attention to Australia's future under tariffs and his inability to meet with the President amid the uncertainty. Mr Albanese told Sky News that he would 'have a meeting when it's scheduled', and suggested there would be plenty of opportunities in coming months. Speaking at Sky News' Australia's Economic Outlook forum last Friday, he insisted that a meeting with President Trump would take place before the end of the year. 'Well of course we will have meetings, there will be a range of meetings between now and the end of the year with President Trump,' he said. -With Reuters
