IMF board approves further $407 mln disbursement for Kenya
NEW YORK, June 23 (Reuters) – The board of the International Monetary Fund said on Wednesday it allowed the immediate disbursement of a further $407 million to Kenya after completing …
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JGB yields rise on tepid 5-year auction, softer U.S. bonds
TOKYO, June 22 (Reuters) – Japanese government bond yields ticked higher on Tuesday, following a soft five-year JGB auction and as U.S. bond yields bounced back sharply from a four-month …
In good sign for global economy, South Korean exports post double-digit gains in June
SEOUL (BLOOMBERG) – South Korea’s exports are set to post double-digit gains in June, offering more evidence the global economic recovery is gathering pace. Exports rose 29.5 per cent in …
Asian central banks build US dollar war chests as they gird for Fed
MANILA (BLOOMBERG) – Asia’s emerging economies have accumulated their highest level of foreign-exchange reserves since 2014, offering a powerful buffer against market volatility if the US Federal Reserve changes course. …
Inflation on the rise in metro Denver and elsewhere — new car inventory is not – The Denver Post
Metro Denver’s consumer inflation rate continued to accelerate in May, rising 2.1% from March and 3.2% over the past year, with increased transportation costs a key driver of the gains, …
MAS to deploy $2.38 billion for climate- related investment opportunities
SINGAPORE – Some US$1.8 billion (S$2.38 billion) in funds will be placed with five asset managers to set up their Asia Pacific sustainability hubs here and guide firms towards greener outcomes, …
Swiss will remain business-friendly after G7 tax deal – gov't
ZURICH, June 7 (Reuters) – Switzerland will make sure it remains attractive to business, the government said, after Group of Seven (G7) nations reached a landmark deal to reduce the …
Singapore retail sales rise for 2nd straight month in March, up 6.2%
SINGAPORE – Retail sales continued to recover in March as the Singapore economy rebounded, though the figures were boosted by the comparison with the situation a year ago when Covid-19 …
'Happy SHN': New businesses spring up in S'pore offering rentals of big TVs, exercise bikes
SINGAPORE (BLOOMBERG) – Like anyone who’s done their time in quarantine, David Lee went through Netflix, YouTube and the internet. When it came to exercising however, he found he had …
Public and private sectors must come together to spread benefits of digital economy, says MAS
SINGAPORE – Governments worldwide will need to step up and build interconnected infrastructure to harness and spread the benefits of their digital economies within their own countries and across their borders, …