Economy
Fed’s Powell says no need to hurry rate cuts with economy strong
FEDERAL Reserve chair Jerome Powell said the recent performance of the US economy has been “remarkably good”, giving central bankers room to lower interest rates at a careful pace.“The...
Explained: Impact Of Donald Trump’s White House Return On World Economy
Paris: Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower...
Singapore digital economy grew 6.6% in 2023; efforts to help SMEs adopt generative AI underway: IMDA
82% of SMEs have used at least one digital solution to enhance general business functionsSINGAPORE’S digital economy grew 6.6 per cent to account for S$113 billion of the nation’s...
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s economic woes and embrace of electrified transportation.
China Petroleum & Chemical Corp,...
Strong US economy and ‘Trump trades’ boost dollar
THE US dollar climbed on Monday (Oct 21) and cryptocurrency Bitcoin hit a three-month high as a rise in US bond yields and the looming presidential election continued to...
US stock market, economy on tenterhooks as Trump, Harris enter final stretch of campaign
The US’ creditworthiness will face problems if the peaceful transfer of power is jeopardised by violence after the electionIN ALL likelihood, the US stock market will quickly adjust to...
Dollar jumps as retail sales confirm strong US economy
THE US dollar jumped to an 11-week high on Thursday (Oct 17) after data showed that US retail sales increased slightly more than expected in September, boosting confidence that...
German economy in recession with no more growth seen in 2024
GERMANY is suffering a mild recession and output across the whole of 2024 will be flat, according to a Bloomberg survey – underscoring the malaise in Europe’s largest economy.Analysts...
