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SINGAPORE (THE BUSINESS TIMES) – Singaporean households polled last month see overall or headline inflation rising to 2.2 per cent this year from 1.9 per cent in a September poll, according to a quarterly survey released by DBS and the Singapore Management University (SMU) on Thursday (Jan 21). December’s figure is slightly higher than September’s 1.9 per cent, which is […]
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MUMBAI (BLOOMBERG) – Bets on the Indian rupee’s rebound this year are already facing headwinds. The Reserve Bank of India signaled recently it won’t relent on US dollar purchases that pushed the currency to the bottom of Asia’s currency rankings in 2020. Analysts had forecast for the rupee to rise for the first time in four years on hopes the […]
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SEOUL (REUTERS) – South Korean exports grew at a much sharper pace in the first 20 days of January, customs agency data showed on Thursday (Jan 21). Outbound shipments increased 10.6 per cent year-on-year for the period versus a gain of 1.2 per cent in the comparable period of December 2020. A breakdown of data showed overseas sales of semiconductors […]
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BEIJING (REUTERS) – China’s economy grew at a faster-than-expected pace in the fourth quarter of last year, ending a rough coronavirus-stricken 2020 in remarkably good shape and remained solidly poised to expand further this year. The gross domestic product (GDP) expanded 6.5 per cent, data from the National Bureau of Statistics showed on Monday (Jan 18), faster than the 6.1 […]
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BENGALURU (REUTERS) – Janet Yellen, President-elect Joe Biden’s pick to take over the US Treasury, is expected to affirm the United States’ commitment to market-determined foreign exchange rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported on Sunday (Jan 17). The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United […]
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WASHINGTON (NYTIMES) – Ten months after the coronavirus crisis decimated the US labour market, the resurgent pandemic keeps sending shock waves through the economy. Though more than half of the 22 million jobs lost last spring have been regained, a new surge of infections has prompted shutdowns and layoffs that have hit the leisure and hospitality industries especially hard, dealing […]
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WASHINGTON (NYTIMES) – With the incoming administration of US President-Elect Joe Biden pushing for more economic stimulus and with multiple coronavirus vaccines already approved, some investors have been wondering whether the Federal Reserve might soon start to ease off its support for the economy. Jerome Powell, the central bank’s chairman, made it clear on Thursday (Jan 14) that the US […]
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WASHINGTON — Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring. In December, the nation shed jobs for the first time since April. Once again, the layoffs were heavily concentrated in the industries that have suffered most […]
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* Silver falls as much as 3.6% * Dollar hits an over one-week peak * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa (Adds comment, updates prices) Jan 8 (Reuters) – Gold fell below the key $1,900 technical level on Friday and was on track for a weekly decline, pressured by gains in the dollar and Treasury yields ahead of […]
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* Silver falls as much as 3.6% * Dollar hits an over one-week peak * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa (Adds comments, updates prices) Jan 8 (Reuters) – Gold fell 1.5%, sliding below the key $1,900 technical level on Friday as the dollar and Treasury yields picked up steam, ahead of the U.S. nonfarm payroll data that […]
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