WASHINGTON (REUTERS, AFP) – The US economy expanded at an annualised 6.5 per cent pace in the second quarter, a far slower recovery from the Covid-19 pandemic than economists had […]
US Fed's Jerome Powell says 'higher and more persistent' inflation possible
WASHINGTON (AFP) – Inflation could rise higher and stay there longer than expected as the US economy recovers from the downturn caused by the Covid-19 pandemic, Federal Reserve chairman Jerome […]
The airline sector and where travel is headed
SINGAPORE – As vaccinations are under way globally, the global airline industry is also getting jabs of confidence. Still, some parts are taking off faster than others and countries with […]
Long-dated JGBs track lower U.S. Treasuries ahead of extended weekend
TOKYO, July 21 (Reuters) – Long-dated Japanese government bond (JGB) prices eased on Wednesday tracking U.S. peers ahead of a long weekend as Japan gears up for the Olympics, officially […]
Japan's core inflation hits 15-month high on energy costs
TOKYO (REUTERS) – Japan’s core consumer prices rose 0.2 per cent in June from a year earlier to mark the fastest annual pace in over a year, data showed on […]
South Korea adds more jobs before new Covid-19 outbreaks force Seoul curbs
SEOUL (BLOOMBERG) – South Korea added jobs for a fourth straight month in June, as a recovering economy kept the momentum alive in employment before new Covid-19 outbreaks triggered Seoul’s […]
Colombia to seek 15.2 trillion pesos in revised tax reform proposal, finance minister says
BOGOTA, 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 […]
UK's $1.7 trillion Covid-19 wealth gain went mostly to the rich
LONDON (BLOOMBERG) – Britain’s household wealth surged by £900 billion (S$1.7 trillion) during the pandemic, and much of that went to the richest people, a study by the Resolution Foundation showed. […]
Office vacancies soar in New York, a dire sign for the city's recovery
NEW YORK (NYTIMES) – Even as New York City reopens and embarks on a long road to economic recovery, the pandemic’s lasting legacy of a changing workplace is emerging as […]
Singapore and UK agree on partnership for financial services
LONDON/SINGAPORE (THE BUSINESS TIMES, REUTERS) – Singapore and Britain have agreed on a partnership for financial services which will see the two countries exploring opportunities for greater cooperation such as […]