US stocks fall ahead of heavy week of economic data
NEW YORK – Wall Street stocks finished decisively lower Monday on worries about China’s zero-Covid policy and caution ahead of key US economic data. Unhappiness over China’s…
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Singapore shares edge down on China Covid-19 protests
SINGAPORE – Asian equities, including Singapore shares, closed in the red on Monday, after a weekend of protests across China over restrictive Covid-19 curbs dampened market…
US stocks end short trading session on mixed note
NEW YORK – US stocks ended with a mixed showing on Friday, after a shortened session following the Thanksgiving break and as shoppers headed out in search of Black Friday deals.…
Most Fed officials say slower rate hike pace appropriate ‘soon’
WASHINGTON – A majority of US Federal Reserve policymakers found that a slower pace of interest rate hikes would “likely soon be appropriate,” the central bank said on Wednesday.…
China state banks pledge at least $52 billion to property developers
BEIJING – China’s mega state-owned banks are offering at least 270 billion yuan (S$52 billion) in new credit to property developers as part of the nation’s push to ease turmoil…
China buys fewer chip-making machines as US curbs kick in
BEIJING – China’s purchases of machines to make computer chips fell 27 per cent last month from a year earlier as the United States imposed new, sweeping sanctions to try and…
Singapore fixed asset investments tumble to $956 million in Q3
SINGAPORE – Singapore’s fixed asset investment (FAI) commitments dropped sharply in the third quarter of 2022, likely due to weaker economic sentiment amid inflation concerns and…
Jeff Bezos donates $169 million to help fight homelessness in US
WASHINGTON – Mr Jeff Bezos is giving US$123 million (S$169 million) to organisations that work to move homeless families into permanent housing. The grants to 40 groups in 26 US…
Indonesia GoTo joins global tech cuts in slashing 1,300 jobs
JAKARTA – Indonesia’s largest tech firm GoTo Group will cut 1,300 jobs, about 12 per cent of the workforce, as it seeks to curtail expenses and assuage investor concerns over…
Japan inflation hits 40-year high in test of BOJ resolve
TOKYO – Japan’s inflation hit its fastest clip in 40 years in October as a weak yen pushed up the cost of imported commodities, further stretching the credibility of the central…