China's economy stabilises as spending, power supply pick up in October

BEIJING (BLOOMBERG) – China’s economy performed better than expected last month as retail sales climbed and energy shortages eased, partly offsetting a slump in property. Industrial output rose 3.5 per cent in October from a year earlier, while retail sales growth accelerated to 4.9 per cent, beating economists’ forecasts. Growth in fixed-asset investment eased to 6.1 per cent in the […]

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TREASURIES-No respite for U.S. Treasuries as sell-off resumes

LONDON, Nov 12 (Reuters) – Selling in U.S. Treasury markets returned on Friday, with five-year bond yields climbing to their highest since early 2020 as concern over rising inflation gripped markets once again. With U.S. bond markets closed on Thursday for a holiday, trading picked up where it left on Wednesday after economic data showed the biggest annual rise in […]

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Inflation is hurting 80% of British businesses, survey says

LONDON (BLOOMBERG) – The British Chambers of Commerce said 80 per cent of UK businesses are feeling the effects of higher prices as well as shortages of goods and workers, a finding that adds to concerns about inflation. The lobby group said its survey of 1,000 companies showed 80 per cent saw an increase in their prices in the past […]

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JGBs follow recovery in U.S. yields from one-month lows

TOKYO, Nov 9 (Reuters) – Japanese government bond yields ticked higher on Tuesday, joining U.S. Treasury yields in climbing off one-month lows. The 10-year JGB yield rose 0.5 basis point to 0.060%, after dipping as low as 0.050% on Monday for the first time since Oct. 5. That’s after equivalent maturity Treasury yields recovered overnight from the low hit Friday […]

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Indonesia's economic growth slows more than expected on Covid-19 curbs

JAKARTA (REUTERS) – Indonesia’s economic growth slowed more than expected in the third quarter as restrictions to control a deadly wave of Covid-19 weighed on activity, although recent data suggests growth may be getting back on track in the current quarter. South-east Asia’s largest economy grew 3.51 per cent in the July-September quarter from the same period last year, below […]

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Singapore manufacturing confidence dips even as services sector hopes lift

SINGAPORE (THE BUSINESS TIMES) – Business optimism among local firms remained positive into the final stretch of 2021, although manufacturers’ optimism has receded quarter on quarter, even as firms in the services sector took a rosier outlook. A net weighted balance of 16 per cent of manufacturers expect conditions to be better for the next six months to March 2022 […]

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South Korea factory output shrinks in September as auto chip shortage bites

SEOUL (REUTERS) – South Korea’s factory output in September declined from August and unexpectedly shrank on a year-on-year basis, ending a 10-month winning streak, as global chip shortages struck car production. Industrial production last month fell by a seasonally adjusted 0.8 per cent, Statistics Korea data showed on Friday (Oct 29), missing a median 0.3 per cent decline forecast in […]

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US economic growth slows sharply in Q3 on supply chain woes

WASHINGTON (BLOOMBERG) – US economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in Covid-19 cases throttled spending and investment. Gross domestic product expanded at a 2 per cent annualised rate following a 6.7 per cent growth in the second quarter, the Commerce […]

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S'pore hotel occupancy hits year-to-date high in September, shy of pre-Covid-19 levels

SINGAPORE (THE BUSINESS TIMES) – Hotel occupancies and revenue per available room (RevPAR) were at their highest all year last month, Singapore Tourism Board (STB) data showed. The latest uptick took overall hotel industry room revenue to $79.1 million, up from $68.6 million in August. Meanwhile, international arrivals rose by 19.7 per cent month on month to 19,000 travellers – […]

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