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Economy

South Korea raises interest rates as inflation heats up

November 25, 2021
SEOUL (REUTERS) – South Korea’s central bank raised its policy rate on Thursday (Nov 25), as widely expected, as concerns about rising household debt and inflation offset uncertainty
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Economy

US retailers cheery about holiday season despite inflation

November 23, 2021
NEW YORK (AFP) – After nearly two years of pandemic gloom, American consumers appear primed to spend generously for the holidays despite worries over inflation and item availability.
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Economy

Biden says will announce Fed chair pick in 'about four days'

November 17, 2021
WASHINGTON (BLOOMBERG) – United States President Joe Biden told reporters on Tuesday (Nov 16) to expect him to announce a nominee for Federal Reserve chair in “the next
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Economy

Inflation is hurting 80% of British businesses, survey says

November 12, 2021
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
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Economy

Straits Times Index offers good returns amid global inflationary environment

October 24, 2021
SINGAPORE – Last week, this column discussed how the global supply chain crunch is feeding inflation and prompting rate hikes by central banks. Not much has changed. Please
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Economy

Japan exports rise more than expected in September, hopeful sign amid supply chain crunch

October 20, 2021
TOKYO (REUTERS) – Japan’s exports grew faster than expected in September to post a seventh straight month of double-digit growth, an encouraging sign for the economy as pandemic-led
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Economy

askST: What is the new global minimum tax deal and how will it affect Singapore?

October 12, 2021
SINGAPORE – A global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation was agreed
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Economy

China factory activity unexpectedly shrank in September: Official PMI

September 30, 2021
BEIJING (REUTERS) – China’s factory activity unexpectedly contracted in September as high raw material prices and power cuts continued to pressure manufacturers in the world’s second-largest economy. The
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Economy

Oil ekes out gain as investors focus on supply constraints

September 22, 2021
NEW YORK (BLOOMBERG) – Oil ended higher after a choppy session as concerns over tightening supply outweighed fears over the state of China’s economy. Futures in New York
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Economy

A growing wave of New Zealand companies are landing on Denver shores

September 19, 2021
More than two dozen New Zealand firms, many startups, have set up shop in metro Denver and Boulder in recent years, making the region a launching pad for
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