SINGAPORE – Manufacturing activity stayed on the boil in June to record a 12th straight month of expansion. The sector has led the country’s recovery amid the pandemic and is likely to remain the key driver of economic growth in
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China's factory activity growth slows slightly in June
BEIJING (REUTERS) – Growth in China’s factory activity dipped to a four-month low this month (June), weighed by higher raw material costs, a global shortage of semiconductors and a resurgence of Covid-19 cases in the major export province of Guangdong.
Singapore to ink free trade deal with Latin American bloc by end of 2021
SINGAPORE – Singapore will sign a free trade agreement (FTA) by the end of this year with the Pacific Alliance (PA), a trading bloc of four Latin American nations – Chile, Colombia, Mexico and Peru. Minister of State for Trade and
Fed sees two rate hikes by end of 2023, inches towards taper
NEW YORK (BLOOMBERG) – Federal Reserve officials signaled that the pace of the US economic recovery from the pandemic is bringing forward their expectations for how quickly they will reduce policy support. Chairman Jerome Powell told a press conference on
UPDATE 1-Dovish ECB keeps Italy's bond yields near lowest in almost 8 weeks
* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates with EU bond issue, chart, quote) LONDON, June 14 (Reuters) – Italy’s 10-year sovereign borrowing costs were pinned near their lowest levels in almost eight weeks on Monday, as comments from
China's service activity growth slows in May: Caixin PMI
BEIJING (REUTERS) – China’s service sector expansion slowed last month, a private sector survey showed on Thursday (June 3), with weaker overseas demand and increased costs putting pressure on businesses. The Caixin/Markit service Purchasing Managers’ Index (PMI) fell to 55.1 last month,
Old-school tycoons of Hong Kong are losing to China's moguls
HONG KONG (BLOOMBERG) – The prediction was vintage Jack Ma, as provocative as it was prescient. “This is the era of the internet,” the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding
Major cruise lines to restart voyages for vaccinated passengers
NEW YORK (AFP) – Three giants of the cruise industry will return to the seas within weeks, with Norwegian Cruise Lines on Monday becoming the latest to announce its US ships will set sail starting in early August. After a
U.S. jobless claims sink to 473,000 as more GOP governors bar aid
WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen. The decline —
Singapore bank lending up 0.7% in March: MAS data
SINGAPORE (THE BUSINESS TIMES) – Bank lending continued its growth streak in March, rising 0.7 per cent on higher housing loans, data from the Monetary Authority of Singapore (MAS) showed on Friday (April 30). Loans through the domestic banking unit