Singapore retail sales fall by sharper 10.8% in September

SINGAPORE – Retail sales are still not out of the woods, as takings at the till fell again in September, according to the Department of Statistics (SingStat) on Thursday (Nov 5). Sales fell 10.8 per cent in September compared with

Singapore likely to take longer to recover from Covid-19

Singapore’s economy is likely to take longer to recover from the Covid-19 crisis than it did in past recessions, the Monetary Authority of Singapore (MAS) said yesterday. Part of the reason is a drop in earnings for businesses and lower

Jobless claims fall to 751,000, but new infections a threat

WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it’s still historically high and indicates the viral pandemic is forcing many employers to cut jobs. Applications for unemployment aid fell

Kazakhstan in line for S'pore trade deal

SINGAPORE – A new services and investment agreement between Singapore and Kazakhstan will bolster trade ties that have been growing in strength in recent years. Negotiations for the pact, which is part of a deal between Singapore and the Eurasian

Italian yields hit 2-week highs with 30-year BTP sale in focus

* Euro zone periphery govt bond yields LONDON, Oct 22 (Reuters) – Italian yields rose to a two-week high while core European government bond yields were stable on Thursday as hopes of a U.S. fiscal stimulus package persisted. Eyes

Digital economy pacts pave way for Singapore to keep pace with trends on global stage, spur job creation

SINGAPORE – Amid a drive for digitalisation that is already changing cities and economies, Singapore initiated discussions with like-minded trade partners to develop basic rules for digital trade and a framework for collaboration in the digital era. Formal negotiations culminated

Japan export decline slows in September as shipments recover

TOKYO (REUTERS) – Japan’s exports in September fell at a slower pace than in the previous six months as US-bound shipments of cars started to recover from Covid-19 lows, suggesting the pandemic’s pressure on the economy was easing. The slower

Japan factory output rises for 3rd straight month

TOKYO (REUTERS) – Japan’s factory output rose for the third straight month in August, in a positive sign for manufacturers as economic activity gradually recovered further from the impact of the coronavirus pandemic. Demand among Japan’s global trading partners, and