SINGAPORE (BLOOMBERG) – Singapore’s US$744 billion (S$1.01 trillion) sovereign wealth fund sees potential opportunities to do deals and buy debt in China’s battered real estate sector, confident Beijing will not let things “spiral out of
Read moreHome »
BOE surprises with first hike in crisis to curb inflation
LONDON (BLOOMBERG) – The Bank of England (BOE) unexpectedly raised interest rates for the first time since the pandemic struck, setting aside the threat to the UK economy posed by record coronavirus cases to become
Read moreUS dollar near one-week high amid hawkish Fed hopes, Omicron fears
TOKYO (REUTERS) – The United States dollar traded near a one-week high versus a basket of major rivals on Tuesday (Dec 14), supported by expectations of a hawkish Federal Reserve meeting this week and haven
Read moreAustralian dollar is finally snapping run of losses against the yen
SINGAPORE (BLOOMBERG) – The Australian dollar appears poised to extend gains against the yen as expectations of faster economic recovery gain traction and fears around the omicron variant ease. The Aussie, which advanced 3 per
Read moreContact-free digital payments see big jump with Covid-19
SINGAPORE – More people are turning to digital payments amid Covid-19, with the volume of PayNow transactions set to far surpass that of last year. It has already hit $64 billion in value from January
Read moreHow supply chain woes with a Singapore link became a life-or-death threat
NEW YORK (NYTIMES) – For much of this year, Joseph Norwood’s next breath was locked in a zero-sum competition with people eager to upgrade their iPhones. Mr Norwood has sleep apnea, meaning that he frequently
Read moreU.S. consumer inflation up 6.8% in past year, most since 1982
WASHINGTON — Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate in 39
Read moreSingapore's building of economic and other links key amid Covid-19 disruptions: Iswaran
SINGAPORE – Building on Singapore’s economic, digital and transport links takes on greater salience at a time when the Republic is dealing with disruptions caused by Covid-19, said Transport Minister S. Iswaran on Friday (Dec
Read moreVanishing ships underscore supply woes, crisis peak may be a mirage
LONDON (BLOOMBERG) – A line of more than 80 container ships waiting to dock at the ports of Los Angeles and Long Beach, California, was cut in half in late November – or so it
Read moreS’pore, UK agree on digital economy deal that will cut costs and red tape in trade
SINGAPORE – A new digital-trade deal with Britain will mean Singaporeans can soon enjoy cheaper goods and services from the United Kingdom. The two countries substantially concluded negotiations on the UK-Singapore Digital Economy Agreement on Thursday
Read more