Markets

TOKYO: Tokyo consumer prices fell unexpectedly in April due to cuts in mobile phone fees by major carriers, government data showed on Friday (Apr 30), making the central bank's 2 per cent inflation target appear even more elusive. Major carriers have come under intense pressure from Prime Minister ......

SINGAPORE: Singapore's prosecutor on Friday (Apr 30) filed 23 more charges in court against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading. Singapore police last year charged 79-year-old former oil tycoon Lim Oon Kuin, better known as OK Lim, with two counts of abetment...

TOKYO: Japan's industrial output posted a surprise increase in March, as a jump in car production helped keep an economic recovery from last year's deep coronavirus slump on track. The output rise will likely ease worries about the impact the health crisis is having on the manufacturing sector in...

BEIJING: China's factory activity expanded at a slower-than-expected pace in April as supply and transport bottlenecks weighed on production and overseas demand lost momentum. The official manufacturing Purchasing Manager's Index (PMI) fell to 51.1 in April from 51.9 in March, data from the ...

USUS$302M in BP oil spill money budgeted to restore ecosystems

NEW YORK: Amazon.com, one of the biggest winners of the pandemic, posted record profits on Thursday (Apr 29) and signalled that consumers would keep spending in a growing US economy and converts to online shopping are not likely to leave. Since the start of the coronavirus outbreak, shoppers have ......

SINGAPORE'S bank lending continued its growth streak in March, rising 0.7 per cent on higher housing loans, data from the Monetary Authority of Singapore (MAS) showed on Friday.

BANK lending in Singapore rose for the fifth straight month in March as home loans continue to climb. 

SINGAPORE: DBS Group trumped market estimates with a 72 per cent rise in quarterly net profit to a record high, as the bank benefited from strong loan growth, improved asset quality and a robust wealth management business. DBS, Southeast Asia's largest bank, flagged bullish prospects in a ...

President Joe Biden took his pitch to Georgia on Thursday night (Apr 29) for US$4 trillion in spending to rebuild the nation's aged infrastructure and vastly expand the federal social safety net, choosing a new political battleground to make his case that Americans want a more activist government.