TOKYO (BLOOMBERG) – Japan’s exports gained at the slowest pace in eight months in October as car shipments continued to slump, adding to signs that global supply constraints are still weighing on the economy after
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Traditional financial institutions have role to play in shaping crypto ecosystem
SINGAPORE – Digital payments and settlements have been around for a long time; even private digital currencies are now more than a decade old. Energised by rapid advances in connectivity, mobility and data storage, the
Read moreChina factory gate inflation hits 26-year high as pressures grow
BEIJING (REUTERS) – China’s factory gate prices rose at the fastest pace in 26 years in October, beating forecasts and further squeezing profit margins for producers already grappling with soaring coal prices and other commodity costs
Read moreThinking 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 ringgit exchange rate amid their
Read moreFed warns of peril in run-up of risky asset prices, stablecoins
WASHINGTON (BLOOMBERG) – The United States Federal Reserve is warning that prices of risky assets keep rising, making them more susceptible to perilous plunges if the economy takes a turn for the worse, and cited
Read moreColorados dropping unemployment rate and labor force growth cited in new report
A new report shows that Colorado’s economy continues to improve, political and business leaders say, even amid rising coronavirus cases, rising inflation and labor and supply chain challenges. The state’s gross domestic product rate has
Read moreSingapore retail sales rise 6.6% in September, reversing August's drop
SINGAPORE – Retail sales in Singapore recovered at a stronger year-on-year pace than expected in September, helped by new mobile phone launches and with most industries seeing higher turnover. Takings at the till rose by
Read moreUPDATE 3-Respite for battered euro zone bonds as investors scale back rate hike bets
* German 30-year bond yields fall to 2-month low * Money markets par back ECB rate-hike bets * Market inflation expectations retreat further (Updates rates) LONDON, Nov 3 (Reuters) – Battered euro zone bond markets
Read moreUPDATE 1-Italy leads recovery in beaten-down euro zone bond markets
(Recasts to lead with Italy, adds comment, context) LONDON, Nov 2 (Reuters) – Italy led a recovery in euro zone bond markets on Tuesday, with borrowing costs falling sharply as fears over higher inflation and
Read moreWorld 'much worse off' if global economy splits into rival camps, says Tharman in dialogue with US
SINGAPORE – Singapore’s Senior Minister Tharman Shanmugaratnam believes that it is possible to diversify supply chains for better risk management, remain an open economy while catering good jobs and, at the same time, avoid bifurcation of
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