Kuala Lumpur / DPA The growth prospects of Asean major export-orientated economies of Singapore, Malaysia and Thailand are expected to remain weaker than its domestic demand-driven economies, says Moody’s Investors Service. The international ratings agency said that hence growth outlook of Asean economies was likely to diverge in 2016 and 2017, against the backdrop of subdued global demand. A Moody’s ...

New Delhi / Bloomberg Indian Prime Minister Narendra Modi risks a political backlash among the middle class as he seeks to coax banks into lowering interest rates. Criticism is growing against his government’s move last week to slash interest rates on small savings programs used by as much as a third of India’s 1.3 billion people. Banks have long cited ...

CANBERRA / AP Australia’s prime minister on Wednesday distanced himself from the man he replaced by announcing a new fund to promote clean energy innovation as the country heads toward a likely early election in July. The announcement by Prime Minister Malcolm Turnbull of the 1 billion Australian dollar ($760 million) Clean Energy Innovation Fund comes after his predecessor Tony ...