UK economy posts unexpected growth in Q2 but still lags behind peers
LONDON – Britain’s economy eked out unexpected growth in the second quarter, laying the ground for more interest rate hikes from the Bank of England (BoE), but it remained the…
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growth
China unveils package to boost consumption as growth loses steam
SHANGHAI – China plans measures to support household spending on everything from electric appliances to furniture as part of a package of policies to arrest a deepening economic…
South Korea cuts 2023 growth forecast on chip slump
SEOUL – South Korea trimmed its growth outlook for 2023, citing uncertainties over momentum in China and the United States, the world’s two largest economies. The finance…
Singapore to play larger role in HSBC’s Asian growth plan
SINGAPORE – London-headquartered banking group HSBC is carving out a bigger role for Singapore as a regional hub as it expands in Asia, with the city receiving funds from a US$6…
Retail sales in Singapore post monthly growth in September
SINGAPORE – Takings at the till in Singapore saw a monthly increase in September, reversing a decline from the month before. Total retail sales grew by 3.3 per cent from August…
Grab expects growth to slow while it pursues 2024 profitability
Grab Holdings expects slower revenue growth of 45 per cent to 55 per cent in 2023 as the South-east Asian Internet giant adjusts to a market downturn and speeds up efforts to…
Wall Street ends down, pulled lower by growth stocks
NEW YORK – US stocks closed lower on Monday (June 27), with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have…
GoTo growth tops 50% in first report since US$1.1 billion IPO
SINGAPORE – GoTo Group posted about 53 per cent gross revenue growth in its first quarterly report as a public company, accelerating from the 2021 pace and highlighting the rapid…
Citi Bank programme for local talents to increase growth in Singapore
SINGAPORE – As part of its talent development strategy and plans for long-term growth in Singapore, Citi Singapore on Tuesday (March 29) launched a special initiative to…
US dollar hits 5-year high on yen, euro pressured by growth risks
HONG KONG – The dollar hit a new five-year high on the yen on Friday (March 11) after a strong US inflation report, while the euro struggled to hold its own as a hawkish turn from…