Mitigating risks that will emerge from OECD's global tax plan

SINGAPORE – Unprecedented worldwide stimulus support in 2020 has dramatically inflated public debt and governments are now determining how to pay this down by adjusting their tax collection regimes. An Aon study this year noted that among tax-related anxieties, the

Colorados richer enclaves make it a leader in wealth disparity

When prospectors came to Colorado searching for gold and silver, a lucky few found their riches, while many others settled down and found jobs instead. Old mining towns are again enclaves of wealth, not from their mines, but because they

Delta variant knocks wind out of Asia's economic recovery

TOKYO (REUTERS) – Asia’s robust economic recovery from last year’s coronavirus low is losing momentum as a surge in Covid-19 cases sees shops empty again and factories close, dimming prospects for corporate profit growth after a blockbuster half year. The

COLUMN-Foreigners may temper the taper: Jamie McGeever

(The opinions expressed here are those of the author, a columnist for Reuters) ORLANDO, Fla., Aug 20 (Reuters) – Conventional wisdom holds that central banks tapering their bond purchases will push bond yields higher – but recent U.S. and UK

China approves renewable mega-project for green hydrogen

SINGAPORE (BLOOMBERG) – The Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen. Inner Mongolia’s Energy Administration has given the go ahead to a cluster of plants in

Global supply chains are being battered by fresh Covid surges

HONG KONG (BLOOMBERG) – Asia’s renewed surge in Covid-19 infections is compounding supply-chain blockages across the world’s biggest source of manufactured goods. After weathering earlier pandemic waves better than other regions, the fast-spreading delta variant has thrown into turmoil factories

China factory activity growth slips to 15-month low in July

BEIJING (REUTERS) – China’s factory activity growth slipped sharply in July as demand contracted for the first time in over a year in part on high product prices, a business survey showed on Monday (Aug 2), underscoring challenges facing the

Australia's CPI spikes to highest since 2008 on Covid jolt

(BLOOMBERG) – Australia’s inflation surged last quarter, joining developed-world counterparts in spiking from 2020’s lockdown-induced weakness, though a renewed Covid outbreak is set to damp pressures ahead. Inflation accelerated to 3.8 per cent in the three months through June from

German 10-year yield at 3-month low as bonds retain support

July 16 (Reuters) – Germany’s 10-year yield fell to a new three-month low in quiet trading on Friday as markets sought direction ahead of next week’s European Central Bank meeting. In the absence of major euro area data releases on