10-year JGBs flat after moderate BOJ bond buying, Treasury yield rebound

TOKYO, May 10 (Reuters) – Benchmark 10-year Japanese government bonds (JGBs) were flat on Monday after moderate buying at the Bank of Japan’s bond purchase operations, while the sentiment was weak as a fall in the U.S. Treasury yields was limited despite disappointing U.S. jobs data. The benchmark 10-year Treasury yield, which fell to two-months low on Friday following data […]

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SMEs saw broad-based recovery in Q1, led by healthcare, transport firms: OCBC index

SINGAPORE – Singapore’s small and medium-sized enterprises (SMEs) have mostly recovered from the depths of last year’s Covid-19-induced slump, according to an index compiled by OCBC Bank and launched on Wednesday (May 5). This is the first time that the OCBC SME Index has turned expansionary, exceeding 50, since the pandemic began a year ago. The bank tested the index […]

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Indonesia's recession eases as government boosts spending, exports recover

JAKARTA (REUTERS) – Indonesia’s economy shrank for the fourth straight quarter in January-March but at a much more modest pace as the government boosted spending and higher commodity prices helped exports, statistics bureau data showed on Wednesday (May 5). The outlook, however, is being clouded by continued Covid-19 infections, which are weighing heavily on household consumption, the biggest component of […]

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Innovation is a key pillar of Singapore's economic transformation: DPM Heng

SINGAPORE – Singapore is committed to investing in innovation and research and development, as it must adapt even faster in a complex post-pandemic world, said Deputy Prime Minister Heng Swee Keat on Tuesday (May 4). He was speaking at the launch of iLab 2021, a three-day virtual innovation festival organised by American consumer goods giant Procter & Gamble (P&G), in […]

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PREVIEW-U.S. Treasury debt auctions expected to remain steady in Q2

April 30 (Reuters) – The U.S. Treasury Department is expected to keep the sizes of debt auctions unchanged for a second-consecutive quarter when it announces its quarterly refunding next week, analysts said. The looming reinstatement of the debt ceiling may also be addressed when the Treasury announces its borrowing requirement for the second quarter on Monday, followed on Wednesday with […]

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Singapore bank lending up 0.7% in March: MAS data

SINGAPORE (THE BUSINESS TIMES) – Bank lending continued its growth streak in March, rising 0.7 per cent on higher housing loans, data from the Monetary Authority of Singapore (MAS) showed on Friday (April 30). Loans through the domestic banking unit – which captures lending in all currencies but reflects mainly Singapore-dollar lending – stood at $691.23 billion in March, from $686.73 […]

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UPDATE 1-Euro zone yields near 2-month highs ahead of German inflation data

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Rewrites to focus on German inflation data, adds graphic) LONDON, April 29 (Reuters) – Euro zone government bond yields rose across the board on Thursday ahead of a set of German inflation data that is expected to be exceed the European Central Bank target for a second month in a row. With […]

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Singapore and Europe are 'natural partners' in 3 areas: Chan Chun Sing

SINGAPORE – Europe can be a “natural partner” for Singapore in three areas, Trade and Industry Minister Chan Chun Sing said on Thursday (April 29). These are: providing a secure and reliable environment where businesses can anchor themselves; connecting people, businesses, and ideas through digitalisation; and working towards sustainability by growing the green economy. Mr Chan was speaking at the […]

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Some sectors in Singapore's economy could see slower growth in months ahead: MAS

SINGAPORE – While Singapore’s economy has been recovering smartly, bolstered by robust trade-related industries like manufacturing, some sectors remain lacklustre and others could see slower growth in the months ahead. In particular, the travel-related sector has not shown much indication of a revival, with the air transport segment remaining muted and hotel occupancy in Singapore falling after the year-end demand […]

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Singapore economy to grow faster than 6% in 2021, but recovery will be more uneven across sectors: MAS

SINGAPORE – Singapore’s economy has almost recovered the output lost during the first half of 2020, although its growth momentum eased in the first quarter of this year. But while the outlook for Singapore’s economy has improved, projected growth outcomes across sectors have become even more lopsided than previously predicted, the Monetary Authority of Singapore (MAS) noted in its biannual […]

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