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) […]
G7 seeks more progress on global corporate tax reform
LONDON (REUTERS) – Finance ministers from the Group of Seven rich nations said on Thursday (Sept 9) they had to make more headway on the small print of a reform […]
S'pore factory activity records slower expansion amid Covid-19 supply chain disruption concerns
SINGAPORE – Supply chain disruptions stemming from a resurgence in Covid-19 cases across the region hit manufacturing activity here in August although the sector still managed to expand output for […]
UPDATE 2-Euro zone bond yields at six-week highs as ECB unease lingers
(Updates with Weidmann comments, adds quote, updates prices) LONDON, Sept 1 (Reuters) – Government bond yields across the euro area touched their highest levels in around six weeks on Wednesday, […]
Ships resume berthing at halted port terminal in China
SINGAPORE (BLOOMBERG) – Ships have resumed berthing operations at a halted container terminal in Ningbo, China, adding to optimism that full activity at one of the world’s busiest ports will […]