WASHINGTON — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the
Read moreHome »
Singapore electricity provider iSwitch Energy quits market, pressure on others
SINGAPORE (REUTERS) – One of Singapore’s largest independent electricity retailers has exited the market and according to company sources at least three others have stopped accepting new clients amid rocketing wholesale energy prices. A surge
Read more45% of Asia-Pacific undergrads, fresh grads rethinking career paths due to Covid-19: Poll
SINGAPORE (THE BUSINESS TIMES) – Nearly half (45 per cent) of current university students and recent graduates in the Asia-Pacific surveyed by the CFA Institute said they are reassessing their career paths in the light
Read moreChina 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 muted. Producer prices climbed 10.7
Read moreMAS tightens Singdollar policy earlier than expected amid rising inflation
SINGAPORE – In a surprise move, Singapore’s central bank tightened monetary policy on Thursday (Oct 14), saying it expects rising inflation and aims to ensure price stability over the medium-term. The Singapore dollar jumped about
Read moreUS consumer prices outpace forecast as inflation dogs economy
WASHINGTON • Prices paid by US consumers rose last month by more than forecast, resuming a faster pace of growth and underscoring the persistence of inflationary pressures in the economy. The consumer price index (CPI)
Read moreUS consumer prices outpace forecast as inflation dogs economy
WASHINGTON (BLOOMBERG) – Prices paid by United States consumers rose in September by more than forecast, resuming a faster pace of growth and underscoring the persistence of inflationary pressures in the economy. The consumer price
Read moreSupply bottlenecks hitting US economy and prices, but don't panic: Yellen
WASHINGTON (AFP)- Snarls in transportation and supply chains have led to rising prices and shortages of some goods, but US Treasury Secretary Janet Yellen on Tuesday (Oct 12) urged Americans not to panic. Price increases
Read moreaskST: What is the new global minimum tax deal and how will it affect Singapore?
SINGAPORE – A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation was agreed by 136 countries on Friday (Oct 8),
Read moreMarkets mixed amid inflation concerns, disappointing US jobs report
SYDNEY (BLOOMBERG) – Stocks looked set for a mixed start on Monday (Oct 11) and United States equity futures fell as traders weighed risks to the pandemic recovery from an energy crunch and the prospect of
Read more