Japan factory output hammered by supply snags, leaves economy reeling
TOKYO (REUTERS) – Japan’s factory output shrank for the third straight month in September as the auto sector was hit by a persistent global supply shortage. The data raised the …
Economy
Singapore firms worry most about rising costs; 40% see losses this year: SCCCI survey
SINGAPORE (THE BUSINESS TIMES) – Some 57.3 per cent of Singapore businesses surveyed saw their costs rise this year, nearly double the 28.8 per cent of respondents who saw costs …
Bitcoin tops US$60,000, a six-month high, on US ETF expectations
LONDON/NEW YORK/HONG KONG (REUTERS)- Bitcoin topped US$60,000 for the first time in six months on Friday, nearing its all-time high, as hopes grew that United States regulators would allow a …
Singapore electricity provider iSwitch Energy quits market, pressure on others
SINGAPORE (REUTERS) – One of Singapore’s largest independent electricity retailers has exited the market and according to company sources at least three others have stopped accepting new clients amid rocketing …
Australia risks offshore investment drought from not doing more on climate change:RBA
SYDNEY (REUTERS) – Australia could face rising costs of capital and divestment by offshore funds if it is not seen to be doing more to address climate change, a top …
Sept equity pullback an opportunity for investors
SINGAPORE – Today, the spectre of stagflation haunts many economies as they try to break free of Covid and regain some semblance of normality. Inflation is already making a comeback …
Travellers more frustrated with flight, border restrictions: Iata survey
SINGAPORE – Air travellers are increasingly frustrated with Covid-19 travel restrictions, with most feeling that country borders should be opened now and travel freedom must be restored. Those were the …
Singapore retail sales fall 2.8% in August, snapping six months of growth
SINGAPORE – Retail sales in Singapore fell in August from a year ago, with motor vehicle sales taking a hit amid a lower certificate of entitlement quota this year. Takings …
IMF urged to create new trust to bolster work on climate resilience
WASHINGTON (REUTERS) – The International Monetary Fund (IMF) should create a new instrument that lets richer countries channel their newly created IMF reserves to help a broader set of countries …
China likely suffered another economic slowdown last month
BEIJING (BLOOMBERG) – China’s economy likely slowed further in August, with data on consumption, industrial output and investment due on Wednesday (Sept 15) to reveal the extent of the damage …