Wall Street falls to first down week in four on rate worries – The Denver Post
By DAMIAN J. TROISE and STAN CHOE NEW YORK (AP) — Wall Street closed its first losing week in the last four with an up-and-down Friday, as investors brace for … Read More
Category: Economy
Singapore, South Korea agree on first digital trade deal between two Asian nations
SINGAPORE – Singapore and South Korea agreed on a new pact that will set rules and standards for digital trade and partnership between the two countries. Korea’s Minister for Trade … Read More
Gold holds advance as virus adds to risks for global growth
SINGAPORE (BLOOMBERG) – Gold held onto last Friday’s (Dec 3) gain amid risk-off sentiment as investors weigh mixed labour data from the United States, the Federal Reserve’s hawkish tilt and … Read More
Shortage of electrical steel could impact EV deliveries in 2022, experts warn
SINGAPORE – A looming lack of electrical steel could compound an ongoing component shortage faced by car-makers and lead to longer delivery delays for electrical vehicles (EVs). EV buyers globally … Read More
Rising inflation worldwide is raising concerns over strength of economic recovery
SINGAPORE – As consumer prices keep edging up worldwide, higher inflation threatens to become a more lasting legacy of the economic recovery from the Covid-19 downturn. The combined effect of … Read More
Bitcoin drops, Ether falls amid broad crypto dip
SINGAPORE (BLOOMBERG) – Cryptocurrencies fell on Tuesday (Nov 16), with Bitcoin sliding towards the US$60,000 level and Ether touching one of its lowest levels this month. Bitcoin, the largest digital … Read More
Can China pull itself out of the economic doldrums?
BEIJING (CAIXIN GLOBAL) – China’s gross domestic product (GDP) growth is expected to slow even further in the fourth quarter, as outbreaks of Covid-19 across the country, power shortages, surging … Read More
Thinking of flying to Malaysia? Ringgit to hold steady against Singdollar, analysts say
SINGAPORE – The new Vaccinated Travel Lane between Singapore and Kuala Lumpur is expected to be well utilised when it opens on Nov 29, and those looking at the Singdollar/Malaysian … Read More
S'pore hotel occupancy hits year-to-date high in September, shy of pre-Covid-19 levels
SINGAPORE (THE BUSINESS TIMES) – Hotel occupancies and revenue per available room (RevPAR) were at their highest all year last month, Singapore Tourism Board (STB) data showed. The latest uptick … Read More
Brent oil falls after closing above US$85 as China seeks to ease energy crisis
NEW YORK (BLOOMBERG) – Brent oil declined from its highest level since 2018 as a US industry report pointed to an increase in crude stockpiles and China unleashed measures aimed … Read More
Coal surges to another record in China as cold wave adds to energy crisis
SINGAPORE (BLOOMBERG) – Coal futures in China surged to another record to put a previously unthinkable level of 2,000 yuan (S$419.70) a ton in sight, as a cold blast adds … Read More
China factory-gate inflation surges to highest in 26 years
BEIJING (BLOOMBERG) – China’s factory-gate inflation soared last month to the highest level in almost 26 years, fuelled by a nationwide energy crisis and skyrocketing coal prices. Consumer inflation stayed … Read More