SINGAPORE – Bilateral ties will be strengthened to overcome the Covid-19 pandemic together, Singapore and Indonesia have reaffirmed. During the 11th Singapore-Indonesia Six Bilateral Economic Working Groups ministerial meeting on Wednesday (July 14), Trade and Industry Minister Gan Kim Yong…
German Bunds see biggest two-week drop in yields since March 2020
* German 10-yr yields down 15 bps in past two weeks * Biggest drop in yields since COVID-19 first hit economies * Investors reassess global growth prospects * Euro zone bond price rally paused briefly on Friday LONDON, July 9…
Japan's factory output drops steeply in May amid Covid-19 emergency
TOKYO (BLOOMBERG) – Japan’s factory output slid in May, dropping for the first time in three months, as the economic damage from renewed virus restrictions at home outweighed the momentum from rebounding exports. Industrial production fell 5.9 per cent from…
World economy back at pre-pandemic level: Data firm
PARIS (AFP) – The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said Monday (June 21), as the recovery accelerates thanks to vaccination and the end of pandemic-related restrictions. IHS Markit, which conducts monthly surveys of…
UK economic growth accelerated in April as lockdown rules eased
LONDON (BLOOMBERG) – The British economy gathered momentum in April as shops, hairdressers and restaurants serving outdoors reopened for business after months of lockdown to fight the coronavirus. Gross domestic product (GDP) rose 2.3 per cent from March, despite unexpected declines…
Japan's wholesale prices rise at fastest pace in 13 years on commodities surge
TOKYO (REUTERS) – Japan’s wholesale prices rose at their fastest annual pace in 13 years reflecting higher commodity costs, data showed on Thursday (June 10), a sign global inflationary pressures are pinching firms already struggling amid the coronavirus pandemic. With companies…
Australia's GDP exceeds estimates, recouping pandemic losses
SYDNEY (BLOOMBERG) – Australia’s economy expanded faster than economists forecast in the first three months of the year, driven by the private sector as firms boosted investment and households tapped their pandemic savings war chest. Gross domestic product advanced 1.8…
UPDATE 3-Euro zone bond markets calm as inflation surges past ECB target
* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds details) LONDON, June 1 (Reuters) – Most euro zone government bond markets were broadly steady on Tuesday, looking past a surge in inflation in the currency bloc to the…
CPF team goes the extra mile to help death row inmates make nominations
SINGAPORE – Inmates on death row who wish to make their Central Provident Fund (CPF) nominations may sometimes have trouble finding witnesses to complete the process. This is where Mr Hendry Ang, 28, and his colleagues come in. Please subscribe…
UPDATE 1-Colombia will work to keep investor confidence after ratings cut -minister
(Adds context on credit downgrade) BOGOTA, May 19 (Reuters) – Colombia will work to maintain market confidence in its finances, Finance Minister Jose Manuel Restrepo said on Wednesday, after S&P Global Rating relegated its credit rating to junk bond status.…