Rising global food protectionism risks worsening inflation woes
SINGAPORE – Food protectionism is on the rise in the developing world as governments try to safeguard local supplies, and the effects are threatening to spill over into richer…
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Tesla races ahead of rising raw material costs on price hikes
SAN FRANCISCO – Tesla Inc surged past Wall Street estimates for quarterly revenue and profit on Wednesday (April 20), as the electric carmaker raised prices in response to inflation,…
Renminbi’s global popularity keeps rising, with usage at record high
NEW YORK – The Chinese renminbi is making deeper inroads as a currency of choice for global payments, with international transactions climbing to their highest level ever.…
China factory activity expands more quickly but power crunch
BEIJING – China’s factory activity expanded at its fastest pace in four months in October, buoyed by stronger demand, but power shortages and rising costs weighed on production, a…
MAS tightens Singdollar policy earlier than expected amid rising inflation
SINGAPORE – In a surprise move, Singapore’s central bank tightened monetary policy on Thursday (Oct 14), saying it expects rising inflation and aims to ensure price stability over…
FedEx cuts forecast as rising costs smother price hikes
FedEx Corp. struggled with higher costs as package growth stalled, leading the courier to cut its annual earnings outlook and post quarterly profit below analysts’ expectations.…
China seeks to cap rising home rents in latest equality move
BEIJING – China unveiled plans to keep a lid on home rents in cities and preserve older properties, its latest move to ease price pressures in the residential market and promote urban…
US trade deficit widens in May on rising exports
WASHINGTON – The US trade gap widened again in May after narrowing in the prior month, according to government data released on Friday (July 2), as imports increased amid surging consumer…
Rising yields send jitters through tech stocks
SINGAPORE – Volatility buffeted stocks last week as yield curves continued to trend higher. This was despite assurances from the US Federal Reserve that it will keep interest rates…
Rising bond yields spook world shares as investors look to US Fed chief
TOKYO – Resurgent worries about rising US bond yields hit global shares on Thursday (March 4) as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about…