cools

Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

The Philippines hikes interest rates by 0.5%Tencent shares buoyant as tech giant talks up new revenue channels Even though Tencent posted its first revenue decline for the second quarter this year on Thursday, the company’s shares traded in the black by 3.1% on Thursday.Pau said there are other upsides, which included Tencent’s plans to harness …

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China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecastImports again disappoint, highlighting weak domestic demandTrade balance hit record high in JulyWeak foreign demand adds stress to trade, economic outlookBEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from …

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