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SINGAPORE – The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Friday (July 23) raised their full-year forecast for overall inflation to between 1 per cent and 2 per cent, up from the range of 0.5 per cent to 1.5 per cent previously. The forecast for core inflation was kept unchanged, at 0 per cent […]
Read more* Italian 10-yr yields drop to lowest since April * ECB meets for first time since policy tweak * Market expects extended period of stimulus (Updates prices; adds comment) LONDON, July 22 (Reuters) – Euro zone bond yields fell on Thursday, with Italy’s sinking to their lowest in over three months, as the ECB kicked off its press conference with […]
Read moreMANILA (REUTERS) – The East Asia and Pacific region, excluding China, is expected to grow 4 per cent this year, World Bank president David Malpass said on Thursday (July 15), down from a 4.4 per cent forecast in March and with the pace of the roll-out of Covid-19 vaccines a risk to the outlook. Including China, the World Bank expects […]
Read moreSINGAPORE – The Singapore economy grew in the second quarter at a record pace due to a low year-ago base effect when the Covid-19 pandemic plunged the economy into its worst recession. Gross domestic product (GDP) expanded 14.3 per cent on a year-on-year basis in the second quarter of 2021, the Ministry of Trade and Industry (MTI) said on Wednesday (July […]
Read moreBOGOTA, July 13 (Reuters) – Colombia will look to raise 15.2 trillion pesos ($3.97 billion) in a new tax reform set to be proposed to Congress, as the government looks to shore up the country’s finances amid credit rating troubles and growing debt, Finance Minister Jose Manuel Restrepo said on Tuesday. The sum included in the so-called social investment law […]
Read moreSINGAPORE – State investor Temasek Holdings’ one-year total shareholder return bounced back in the year ending March, with its portfolio value reaching a new high. One-year return for shareholders came in at 24.53 per cent, a turnaround from last year’s -2.28 per cent. This is its highest since 2010, when one-year return by market value stood at 42 per cent. […]
Read moreSINGAPORE – Oyika is on a mission. The local electric vehicle (EV) battery start-up wants to make EVs more accessible in South-east Asia and to that end, has been linking with local partners to enter foreign markets. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive […]
Read more(Removes chart from previous version) * German 10-yr yields down 14 bps in past two weeks * Biggest two-week drop in yields since June 2020 * Investors reassess global growth prospects * Euro zone bond price rally paused briefly on Friday LONDON, July 9 (Reuters) – German government bonds, one of the world’s most liquid safe haven assets, headed on […]
Read moreSINGAPORE – Retail sales surged in May this year, compared with the same period last year, due to the low base when Singapore was in the circuit breaker phase to contain the Covid-19 pandemic. Takings at the till rebounded by 79.7 per cent on a yearly basis, even higher than the 54 per cent increase recorded in April this year. […]
Read moreSINGAPORE – British businesses in the Republic showed signs of sales recovery and higher recruitment, even amid ongoing concerns about issues like travel and entry restrictions, according to a survey by the British Chamber of Commerce Singapore (BritCham). Forty-three per cent of businesses reported an increase in sales in the past six months, BritCham’s inaugural business sentiment survey found. It […]
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