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 tmsnrt.rs/2ii2Bqr 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
UPDATE 1-Egypt registers primary surplus of 100 mln EGP in Q1 FY20-21
(Adds background) CAIRO, Oct 14 (Reuters) – Egypt registered a primary budget surplus of 100 million Egyptian pounds ($6.39 million) in the first quarter of its 2020-2021 financial year, the cabinet said in a statement on Wednesday citing the finance
UPDATE 1-Euro zone negative-yielding debt pile jumps in Sept on renewed global uncertainty
(Updates with more details, context, adds chart) LONDON, Oct 2 (Reuters) – The pile of negative yielding euro zone government bonds rose in September to just over 6 trillion euros from around 5.4 trillion a month earlier, Tradeweb data showed
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