BEIJING (BLOOMBERG) – China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, prompting analysts to review their economic growth projections as risks
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Singapore manufacturing activity beats expectations to expand for 13th straight month
SINGAPORE – Manufacturing activity in Singapore expanded in July for the 13th month in a row, rising to the highest level since December 2018. The Singapore Purchasing Managers’ Index (PMI) came in at 51 in
Read moreAustralia's stunning economic recovery trips on Delta variant, vaccine snags
SYDNEY (REUTERS) – In Australia’s largest city, construction has come to a standstill for the first time in living memory as a surge in Covid-19 cases puts Sydney under its toughest lockdown since the pandemic
Read moreUS low-wage workers now have options, which could mean a raise
NEW YORK (NYTIMES) – McDonald’s is raising wages at its company-owned restaurants. It is also helping its franchisees hang on to workers with funding for backup childcare, eldercare and tuition assistance. Pay is up at
Read moreJapan's core inflation hits 15-month high on energy costs
TOKYO (REUTERS) – Japan’s core consumer prices rose 0.2 per cent in June from a year earlier to mark the fastest annual pace in over a year, data showed on Tuesday, a sign the impact
Read moreUPDATE 1-Euro zone yields fall ahead of ECB meeting
* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts, adds analyst comment, background) MILAN, July 19 (Reuters) – Euro zone government bond yields fell on Monday ahead of Thursday’s policy meeting of the European Central
Read moreSingapore non-oil exports surge 15.9% in June from low base, beating expectations
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) accelerated last month and at a pace faster than expected, aided by electronic and non-electronic shipments such as specialised machinery and petrochemicals. Nodx surged 15.9 per cent from
Read moreUS weekly jobless claims fall as expected
WASHINGTON (REUTERS) – The number of Americans filing new claims for unemployment benefits fell last week as the labour market steadily gains traction, but worker shortages are frustrating efforts by businesses to ramp up hiring
Read moreFed's Powell stays focused on US jobs recovery, feels heat on inflation front
WASHINGTON (REUTERS) – US monetary policy will offer “powerful support” to the economy “until the recovery is complete,” Federal Reserve chairman Jerome Powell said on Wednesday (July 14) in remarks that portrayed a recent jump
Read morePowell says inflation, though elevated, will likely moderate
WASHINGTON — Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At the same time, Powell signaled no
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