(BLOOMBERG) – To a world full of fixed-income investors starved of safe assets with attractive yields, China’s government bonds had become a tempting sight in recent years. However, red flags
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US consumer prices surge 6.8% in November, biggest jump since 1982
WASHINGTON (BLOOMBERG, REUTERS) – US consumer prices rose last month at the fastest annual pace in nearly 40 years, magnifying how rapid and persistent inflation is eroding pay cheques and
Singapore, EU in talks on strengthening bilateral digital trade, forming partnership
SINGAPORE – With an eye on tapping further growth, Singapore and Europe commenced talks in Brussels on Wednesday (Dec 8) to strengthen bilateral digital trade, with a longer-term goal of
Private-sector economists raise Singapore 2022 growth forecast to 4%: MAS survey
SINGAPORE – Singapore’s economy will grow by 4 per cent next year, better than the 3.9 per cent expansion predicted earlier, according to a central bank survey of professional forecasters.
Thailand tells banks to avoid activity in digital-assets trading
BANGKOK (BLOOMBERG) The Bank of Thailand said commercial banks should avoid “direct involvement” in trading of digital assets, citing their high volatility and potential risks to financial and payment stability.
China creates new state-owned logistics giant
BEIJING (CAIXIN GLOBAL) – A new logistics behemoth in China combining five state-owned companies was launched Monday in a push by the central government to consolidate state assets. China Logistics
Colorado improperly paid millions in unemployment benefits
Colorado paid out up to $73 million in fraudulent unemployment benefits during the first year of the pandemic, and also failed to resolve the vast majority of customer complaints related
MAS warns Singapore households on rising mortgage debt ahead of potential interest rate hikes
SINGAPORE – Singapore households have amassed a larger pile of debt than they had before Covid-19 struck, thanks to a buoyant property market. Hence, households must carefully assess their ability
Mice sector projected to rebound to pre-pandemic levels by 2023
The business events sector here will rebound to pre-pandemic levels by 2023, according to the industry’s peak body. Saceos – or the Singapore Association for Convention Exhibitions Organisers and Suppliers
Supply chains, interrupted: How Singapore and the world are coping with disruptions
Retailers in S’pore race to replenish festive stocks With just three weeks to go until Christmas, retailers are racing to replenish their stocks of festive items and fighting the supply