Japan's services sector activity contracted in April as coronavirus emergency measures hit businesses, though the pace of decline eased to its slowest since around the time the health crisis started in early 2020.
SINGAPORE’S latest six-month Treasury bill (T-bill) offered a cut-off yield of 3.7 per cent, in the auction that closed on Thursday (Aug 31).
U.S. stock index futures tumbled on Monday as a recent jump in coronavirus cases in China and parts of the United States doused investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week.
Oil prices were little changed on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of coronavirus cases.
A global chip shortage is choking the production of machines used to "mine" bitcoin, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency drives demand.
WHILE they stare quietly at their models, macroeconomists are hearing the distant rumble of revolt. A year ago, the Nobel laureate economist Joseph Stiglitz announced that capitalism was undergoing "yet another existential crisis", with "neoliberal ideology" to blame. Now Robert Skidelsky has proclaimed the arrival of a "silent...
