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Home » Economy » Page 3

BOE surprises with first hike in crisis to curb inflation

12/16/2021 Economy

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

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US dollar near one-week high amid hawkish Fed hopes, Omicron fears

12/14/2021 Economy

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

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Australian dollar is finally snapping run of losses against the yen

12/13/2021 Economy

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

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Contact-free digital payments see big jump with Covid-19

12/13/2021 Economy

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

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How supply chain woes with a Singapore link became a life-or-death threat

12/12/2021 Economy

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

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U.S. consumer inflation up 6.8% in past year, most since 1982

12/10/2021 Economy

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

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Singapore's building of economic and other links key amid Covid-19 disruptions: Iswaran

12/10/2021 Economy

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

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Vanishing ships underscore supply woes, crisis peak may be a mirage

12/10/2021 Economy

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

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S’pore, UK agree on digital economy deal that will cut costs and red tape in trade

12/09/2021 Economy

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

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Australia weighs central bank digital currency, crypto rules

12/08/2021 Economy

SYDNEY (BLOOMBERG) – Australia is weighing plans for a central bank-issued digital currency alongside the regulation of the crypto market as it seeks to overhaul how the nation’s consumers and businesses pay for goods and

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