Markets

Governments around the world are subsidizing the construction of semiconductor factories as a chip shortage hobbles the auto and electronics industries and highlights the world's singular dependence on Taiwan for vital supplies.

World shares and the dollar zig-zagged higher on Friday, as hopes for economic recovery and the week’s easing of global bond market yields helped lift the mood.

Chinese electric vehicle (EV) maker Nio Inc said on Friday it would halt production for five working days at its Hefei plant, due to a shortage in semiconductor chips.

China's potential economic output is expected to grow 5per cent-5.7per cent over the next five years, according to a central bank working paper published late on Thursday.

British retail sales rose by 2.1per cent in February from January even as non-essential shops remained in a coronavirus lockdowns, official data showed on Friday.

Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in the foreseeable future, a person with knowledge of the matter said on Friday.

Asian markets are set to open higher on Friday after U.S. equities rose as investors weighed the outlook for economic growth and inflation and welcomed progress on vaccination rollouts.

SINGAPORE: Singapore's manufacturing output rose 16.4 per cent year-on-year in February, the fourth consecutive month of growth, boosted by the electronics and biomedical sectors. February's expansion follows a 9.2 per cent year-on-year increase in January, according to official data released on ...

SINGAPORE: Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as a giant container ship remained wedged between both banks. The 400m-long Ever Given has been stuck in the...

SINGAPORE: Temasek Holdings believes that impact investing has reached an inflection point, with the COVID-19 pandemic highlighting deep social imbalances that have intensified the need for such forms of investments. Such investments, made to generate positive, measurable social and environmental ...