By DAMIAN J. TROISE and STAN CHOE NEW YORK (AP) — Stocks are mixed on Friday, and Wall Street is heading for its first losing week in the last four as investors brace for the Federal Reserve to press the

NEW DELHI (REUTERS) – India has approved a US$10 billion (S$13.7 billion) incentive plan to attract semiconductor and display manufacturers, its technology minister said on Wednesday (Dec 15), as part of a deepening push to establish the country as a

SINGAPORE (BLOOMBERG) – The Australian dollar appears poised to extend gains against the yen as expectations of faster economic recovery gain traction and fears around the omicron variant ease. The Aussie, which advanced 3 per cent last week to over

Metro Denver consumer prices are inflating at the fastest rate since 1983, putting a squeeze on household budgets that will be harder to escape, according to a bimonthly update from the U.S. Bureau of Labor Statistics on Friday. The Consumer

SINGAPORE – Building on Singapore’s economic, digital and transport links takes on greater salience at a time when the Republic is dealing with disruptions caused by Covid-19, said Transport Minister S. Iswaran on Friday (Dec 10). Singapore has been strengthening

TOKYO (BLOOMBERG) – Production of Apple’s flagship iPhone 13 smartphones fell 20 per cent short of previous plans in September and October, Nikkei reported on Wednesday (Dec 8), citing sources familiar with the matter. The holiday quarter is one of

LONDON (REUTERS, BLOOMBERG) – The Omicron Covid-19 variant could hurt global growth prospects while also pushing prices higher, rating agencies Fitch Ratings and Moody’s Investors Service said, after the World Health Organization said the variant carried a very high risk

SINGAPORE – Singapore raised its trade forecasts for this year amid better-than-expected performance, robust global semiconductor demand and higher oil prices. But export growth is forecast to ease sharply in 2022 due to the high base this year and as the economic

SINGAPORE – Singapore’s overall inflation rose to a more than eight-year high in October, helped by higher car prices and housing rents, while core inflation climbed to its highest in nearly three years. Both benchmarks rose faster than economists had predicted. Overall inflation

BEIJING (BLOOMBERG) – China’s economy could enter a period of “quasi-stagflation” with relatively slow growth and excessively high producer-price inflation, said Liu Shijin, an adviser to the nation’s central bank. Such a scenario is “very likely” if demand remains weak,