SINGAPORE (REUTERS) – Marine fuel sales in Singapore fell to a 15-month low of 3.94 million tonnes last month as the number of ships calling at the world’s largest bunkering hub for bunkers sank to a near four-year low, official
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Bumpy road ahead for S'pore money changers even with quarantine-free travel to more countries
SINGAPORE – The Arcade in Raffles Place used to be teeming during lunch hour on a weekday afternoon with people hoping to snag currencies at a good rate at the mall’s various money changers. This scene is now a relic
Slow payments by Singapore firms rise to 1-year high; construction sector worst hit
SINGAPORE – The proportion of slow payments in transactions by local firms surged to a one-year high in the third quarter, led by the delays in construction, wholesale and services sectors, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday
China injects $25 billion into banking system during Evergrande crisis
HONG KONG (BLOOMBERG) – China’s central bank boosted its gross injection of short-term cash into the financial system after concern over a debt crisis at China Evergrande Group roiled global markets. The People’s Bank of China (PBOC) pumped 120 billion
Mitigating risks that will emerge from OECD's global tax plan
SINGAPORE – Unprecedented worldwide stimulus support in 2020 has dramatically inflated public debt and governments are now determining how to pay this down by adjusting their tax collection regimes. An Aon study this year noted that among tax-related anxieties, the
US-China fallout over Internet, data and regulation may raise legal issues for businesses, says DBS chief
SINGAPORE – The ongoing stand-off between the United States and China over a range of issues threatens to upend the open and united nature of the internet and entangle banks and other firms in legal problems in the years ahead,
Colorados richer enclaves make it a leader in wealth disparity
When prospectors came to Colorado searching for gold and silver, a lucky few found their riches, while many others settled down and found jobs instead. Old mining towns are again enclaves of wealth, not from their mines, but because they
Delta variant knocks wind out of Asia's economic recovery
TOKYO (REUTERS) – Asia’s robust economic recovery from last year’s coronavirus low is losing momentum as a surge in Covid-19 cases sees shops empty again and factories close, dimming prospects for corporate profit growth after a blockbuster half year. The
COLUMN-Foreigners may temper the taper: Jamie McGeever
(The opinions expressed here are those of the author, a columnist for Reuters) ORLANDO, Fla., Aug 20 (Reuters) – Conventional wisdom holds that central banks tapering their bond purchases will push bond yields higher – but recent U.S. and UK
China approves renewable mega-project for green hydrogen
SINGAPORE (BLOOMBERG) – The Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen. Inner Mongolia’s Energy Administration has given the go ahead to a cluster of plants in