SINGAPORE: Singapore’s headline inflation has turned negative for the first time since end-2016, latest monthly data showed on Tuesday (May 26), while the core inflation gauge inched deeper into negative territory. The all-items consumer price index (CPI) fell by 0.7 per cent year on year in April ...
SINGAPORE: Singapore's manufacturing output increased by 13 per cent in April, the second straight month of a year-on-year rise, but this was once again largely down to gains made by the biomedical manufacturing cluster. Excluding this cluster, the country's output fell 3.5 per cent due to COVID ...
MELBOURNE: Oil prices climbed on Tuesday (May 26), boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as COVID-19 lockdowns are eased around the world. US West Texas Intermediate (WTI)...
Ride-hailing service Bolt said on Tuesday it has raised 100 million euros (US$109 million) from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros.
Chinese tech giant Tencent Holdings plans to conduct an international offering of notes under a programme to certain professional investors, the company said in a statement late Monday.
Daimler AG plans to invest in Farasis Energy's planned US$480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.
BEIJING: China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said, reinforcing expectations of further support measures to revive an economy ravaged by the coronavirus pandemic. Yi, in an interview published by the central ...
Japan's government has given up on approving Fujifilm Holdings Corp's Avigan drug for the treatment of COVID-19 by the end of May, Kyodo News reported late on Monday citing a government official.
Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
SINGAPORE: Singapore has cut its forecasts for non-oil domestic exports (NODX) and total merchandise trade for 2020 again, on the back of a more severe hit from the COVID-19 pandemic and lower oil prices. NODX is now tipped to fall between 1 and 4 per cent this year, while total...
