SINGAPORE – Singapore’s non-oil domestic exports (Nodx) expanded at a faster pace last month from August, helped by growth in both electronics and non-electronics shipments. Nodx rose by 12.3 per […]
GRAPHIC-Investment flows into U.S. equity funds drop in the week to Oct. 13 -Lipper
Oct 15 (Reuters) – Money inflows into U.S. equity funds dropped in the week to Oct. 13 as investors grew anxious over the impact of higher inflation on upcoming third-quarter […]
Singapore LNG Corp scouts for spot cargoes as electricity futures surge
SINGAPORE (REUTERS) – Singapore LNG Corp (SLNG) is making enquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city state’s liquefied natural […]
Hong Kong risks global status as Singapore opens up to world
HONG KONG (BLOOMBERG) – The divide between Asia’s two main financial hubs in handling the pandemic is growing ever wider, with one opening up to global travel and the other […]
Global energy shortage or a coincidence of regional crises?
BOSTON (REUTERS) – Petrol stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, […]
World's top pension fund won't buy Chinese sovereign debt
TOKYO (BLOOMBERG) – Japan’s Government Pension Investment Fund, the world’s largest pension fund, said it won’t include yuan-denominated Chinese sovereign debt in its portfolio. The decision comes as FTSE Russell […]
Commodity price surge deals stagflationary blow to world economy
ZURICH (BLOOMBERG) – The world economy is facing a buildup in stagflationary forces as surging energy and commodity prices boost inflation and slow the recovery from the Covid-19 recession. Oil’s climbed […]
World Bank says Delta variant slowing economic growth in East Asia and Pacific
BENGALURU (REUTERS) – The East Asia and Pacific region’s recovery has been undermined by the spread of the Covid-19 Delta variant, which is likely slowing economic growth and increasing inequality […]
South Korea's exports set to slow in September amid Delta variant surge
SEOUL (BLOOMBERG) – South Korea’s early trade data show exports are set to slow this month as fewer working days and headwinds from an outbreak of the Delta variant weighed […]
Shell sells giant US oilfield for $12.8 billion in move to cleaner energy
HOUSTON (NYTIMES) – Royal Dutch Shell on Monday sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for US$9.5 billion (S$12.8 billion) […]