SINGAPORE – Singapore’s manufacturing output rebounded in August, ending a three-month slump, bolstered by strong growth in semiconductor production and a return to growth for the volatile biomedical segment. Factory production grew a surprisingly strong 13.7 per cent compared with the
Australia to overhaul bankruptcy laws to help firms over Covid-19
SYDNEY (REUTERS) – Australia on Thursday (Sept 24) unveiled its biggest shakeup in bankruptcy laws in nearly three decades, allowing businesses to trade while insolvent and take more control over debt restructuring, in a bid to help firms through the
Singapore core inflation stays negative but eases slightly in August
SINGAPORE – The slide in Singapore’s core consumer prices eased last month on smaller declines in the costs of services, retail and other goods, as well as electricity and gas. Core inflation, which excludes accommodation and private road transport costs,
Australian unemployment unexpectedly drops as hiring surges
SYDNEY (BLOOMBERG) – Australian unemployment unexpectedly fell in August as government and central bank stimulus allowed the economy’s recovery to withstand Victoria’s renewed lockdown. The jobless rate dropped to 6.8 per cent from 7.5 per cent in July against economists’
Digitalisation, global connections and inclusive growth vital for S'pore to emerge stronger from Covid-19: Iswaran
SINGAPORE – The pandemic has made it even more important for Singapore to maintain its global connections while continuing to innovate and digitalise, said Communications and Information Minister S. Iswaran on Wednesday (Sept 16). “With lockdowns and safe distancing measures
UPDATE 1-Brazil unemployment insurance claims in August fall by nearly a fifth
(Adds details) By Jamie McGeever BRASILIA, Sept 10 (Reuters) – New unemployment insurance claims in Brazil fell sharply in August, figures showed on Thursday, another sign that the labor market has passed the worst of the coronavirus crisis, although the
S.Korea stocks slip as Wall St tech rout deepens
* KOSPI falls, foreigners net sellers * Korean won weakens against U.S. dollar * South Korea benchmark bond yield falls SEOUL, Sept 9 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares slid on Wednesday, tracking an
EMERGING MARKETS-Currencies crumble as dollar soars; Stocks track Wall Street's slump
By Susan Mathew Sept 8 (Reuters) – Emerging market currencies fell sharply on Tuesday, with Brazil’s real dropping almost 2%, as economic and trade uncertainty and weakness in the dollar’s main European peers boosted the greenback’s safe-haven appeal. Amid concerns
UPDATE 1-Bahrain hires banks for second bond issuance of 2020
(Adds quotes, background) By Yousef Saba DUBAI, Sept 8 (Reuters) – Bahrain has hired banks to arrange a multi-tranche sale of U.S. dollar-denominated sukuk and bonds that would be the country’s second bond issue this year, a document from one
UPDATE 1-Mexico raises gross debt limit to 70% for rest of president's term
(Updates with context about the upper limit) By Abraham Gonzalez MEXICO CITY, Sept 7 (Reuters) – Mexico has raised a non-binding limit for gross debt to 70% of gross domestic product (GDP), almost 20 percentage points above last year’s level,