SINGAPORE – Europe can be a “natural partner” for Singapore in three areas, Trade and Industry Minister Chan Chun Sing said on Thursday (April 29). These are: providing a secure and reliable environment where businesses can anchor themselves; connecting people,
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Global chip shortage hits Apple, Samsung and Ford as crisis worsens
NEW YORK (BLOOMBERG) – The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple and Samsung Electronics in flagging production cuts and lost revenue from the crisis. In quick succession, Honda
BoE Deputy Governor Broadbent forecasts consecutive quarters of rapid growth -Telegraph
April 24 (Reuters) – Bank of England Deputy Governor Ben Broadbent has forecast consecutive quarters of rapid growth but also warned that inflation will prove less predictable, according to an interview with the Telegraph newspaper. It may be too soon
South African public sector union prepares for strike as wage talks hit deadlock
JOHANNESBURG, April 24 (Reuters) – One of South Africa’s largest public sector trade unions said on Saturday that it was preparing for a strike, as wage talks with the government reached a deadlock. Africa’s most industrialised nation is trying to
Singapore inflation continues rebound in March on higher services costs
SINGAPORE – The Republic’s core inflation continued to rebound in March, driven by higher services inflation as well as smaller declines in the costs of retail and other goods, electricity and gas. This comes after it turned positive in February
Japan exports post largest monthly gain since late 2017
TOKYO (REUTERS) – Japan’s exports posted their strongest growth in more than three years in March, led by a surge in China-bound shipments, in a sign the economy continued to recover from last year’s deep coronavirus slump. The trade data
IMF official warns China tech decoupling from US would slash global GDP
NEW YORK (BLOOMBERG) – A technological decoupling between the US and China and potentially Europe would cut global gross domestic product by an order of magnitude greater than the recent trade war, a senior International Monetary Fund official warned. “The
Moscow city to tap bond market despite Russia's sanction risks
MOSCOW, April 13 (Reuters) – The City of Moscow plans to tap the bond market in April for the first time since 2013, raising up to 70 billion roubles ($907.62 million) to cover budget shortfalls caused by the COVID-19 pandemic,
MAS expected to stand pat on Singdollar policy amid growth risks from Covid-19
SINGAPORE (REUTERS) – Singapore’s central bank is expected to leave monetary policy on hold at its April review, economists said, as the trade and finance hub’s economic growth remains susceptible to risks from the Covid-19 pandemic that is still raging
Inflation in Singapore turns positive for first time in a year on higher food, services and private transport costs
SINGAPORE – Singapore’s core inflation turned positive in February for the first time in a year, as the costs of food and services rose, according to data out on Tuesday (March 23). Core inflation, which excludes accommodation and private road